Builders’ Risk Insurance provides coverage for a building in the course of construction. This policy also provides coverage for building materials and supplies which become part of the building.

Soft Costs coverage can be purchased for builders’ risk as well. Soft costs coverage provides coverage for incidental expenses that may result from a loss to the building project. These include additional interest on funds borrowed for reconstruction, real estate tax, advertising expenses, and costs resulting from renegotiating leases, architects, engineers, legal, and accounting fees.

Contractors’ Equipment & Tools provides insurance for contractor’s equipment including excavators, bulldozers, skidders, forklifts, boom lifts, lawnmowers, backhoes, and metal brake equipment. Tools coverage provides insurance for miscellaneous tools valued at less than $1,000 each.

Bailees Coverage provides insurance for the business while they have the property of another in their care, custody, and control. Some businesses that may need this type of coverage include dry-cleaners, laundry services, storage, repair services of jewelry, clocks, or fine arts.