Builders and property owners can face massive monetary losses if things go wrong during construction and they don’t have the relevant insurance. Builder’s risk insurance and Contractors’ All Risks (CAR) Insurance are insurance policies that cover construction project risks. This piece covers both in detail, so read on for more information. Builder’s Risk Insurance Builder’s risk insurance covers construction materials and property. New projects and renovation work both qualify for this policy. The insurance covers property under construction from events like vandalism, fire, etc. Construction projects fall into two categories…
Read MoreInsurance For Builders: Everything you Need to Know
