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

Las Vegas NV Construction Projects Involve Unique Risks Construction projects include unique risks not properly 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 consistent throughout the duration of the policy period. Instead, the insurable value of a construction project starts out small in the early stages of the job and continually increases until the project is done. 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 Las Vegas. Who Is Responsible For Purchasing Builders Risk Insurance? The "Insurance requirement" sections of the contract will describe whether the the general contractor or project owner is responsible for assuring there is a Builders Risk policy. Builders Risk is a non-standard form of coverage and many companies file their own forms. But 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 Las Vegas 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. If the project takes 2 days or 1 year - you pay the same price. Call us at (888) 553-0021 or contact us for answers to your Las Vegas NV Builders Risk insurance questions.