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Denver Builders Risk Insurance
How to Adequately Protect Property in the Course of Construction

Denver CO Construction Projects Involve Unique Risks Construction projects involve unique risks not adequately handled by other insurance policies because buildings under construction are more subject to damage from the elements such as snow, rain, wind and hail than completed structures. Another key issue is that construction property projects values do not remain the same throughout the duration of the policy period. Instead, the insurable value of a construction project starts out small in the beginning of the job and continually increases until project is complete. Also, the property may be owned by the general contractor, the subs or property owner. The property can be in transit at the construction site or even off-site. To cover these unique exposures, a Builder's risk insurance policy is neccessary. These are specialized policies developed to cover the property loss exposures that come with construction projects in Denver CO. Who Is Responsible For Purchasing Builders Risk Insurance? The "Insurance requirement" portions of the contract will explain whether the the general contractor or project owner is responsible for purchasing a Builders Risk policy. Builders Risk is a non-standard form of coverage and many companies file their own forms. Generally, each builders Risk policy will cover supplies, the building that is being constructed, machinery, equipment that will be used in the construction, all fixtures and materials. Builders Risk Policy Coverages Can Be Vastly Different? This is how vastly different builders in Denver CO risk can be, by way of example. One of our builders risk insurance markets does not provide any general liability as part of their policy - it is simply not available. You pay the same price if the project takes 2 days or 1 year. Call us at (888) 553-0021 or contact us for answers to your Denver Builders Risk insurance questions.