Risk is an inherent part of any construction project, whether it’s building a new office complex, renovating a retail space or constructing a residential development. Builders risk insurance is a fundamental tool, ensuring your investment remains secure during construction. It covers the cost of repairing or replacing your building, materials and equipment in the event of damage or loss due to unforeseen events like fire, vandalism, theft or weather-related incidents. Essentially, it safeguards your construction investment from potential financial setbacks that could threaten the completion of the project.