Personal Builders Risk Insurance Request a Quote CAREFUL PLANNING IS THE FOUNDATION There is no standard Builder's Risk policy which provides protection on all construction projects. However, having a Builder's Risk policy can help reduce exposure. NO LIABILITY OR INJURY COVERAGEBuilder's Risk provides coverage for property only while construction, including repair and renovations, are underway, and for a limited amount of time. For example, if the contractor's equipment is stolen from the job site, there would be limited coverage under the builder's risk policy. Once the construction job is complete, the regular homeowner's insurance policy would provide coverage on the building. WHO IS RESPONSIBLE FOR THE POLICY? Most commonly, the property owner or the contractor is responsible for obtaining this policy. All involved parties must be named in the policy, such as the owner, contractor, subcontractors, the bank, and/or architects/engineers. Have questions about this coverage? Our team of specialists will be happy to help you choose the best option for your business.