Construction projects involve significant financial investment, and skipping builder's risk insurance can have severe consequences.
Financial Exposure
Without builder's risk insurance, any damage to your construction project comes directly out of your pocket. Fire, storms, theft, and vandalism are all common on construction sites.
Potential Consequences
- Project delays — Damage without insurance means funding repairs from your own resources, often causing significant delays
- Cost overruns — Unexpected repair costs can blow your budget
- Lender requirements — Most construction lenders require builder's risk coverage
- Contractor disputes — Without insurance, disputes about who pays for damage can derail relationships
Builder's risk insurance premiums are a small fraction of your total project cost. Contact BlackArrow to get protected.
