Course of Construction Insurance is also known as Builders Risk. It is asset and liability insurance for your construction project throughout the building stage. A COC coverage protects building project supplies from perils, including fire, burglary, and water, and provides premise liability when someone gets hurt on the premise.

Even if the project is already in progress, this insurance can be provided for new building projects, along with modifications and renovations.

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A Course of Construction Insurance policy can reduce the risk of numerous damages at construction sites. It is essential that your project has sufficient coverage for property damages during the whole project.

CoC Insurance will also put you and your venture back in the same financial situation you were in before the damage if the unimaginable were to occur. Make sure your project is fully covered.

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Construction projects vary from one to the other depending on the location, size of the project, and types of buildings. Perils that our insurance policy can cover include:

• Vandalism
• Fire
• Wind (limited coverage in coastal regions)
• Aircraft or vehicles riot
• Theft
• Explosions
• Hail and lightning
• Sewer Backup
• Flood
• Earthquake

Those looking to decide which coverage to select will be happy to know that we offer the following CoC Insurance coverage:

• Completed Project Values: Insure your construction project is valued up to $2 – $5 million based on construction type and fire protection. If your project involves residential development, your premium starts at just $350/year, while commercial projects begin at $750/year.
• Premises Liability: Negligent operation on the premise can lead to slips and falls on the site. Get coverage from $1,000,000 to $5,000,000 with premium starting at just $250.
• Additional Coverages and Extensions: COC insurance offers flexible and broad coverage options to cover your expenses. This includes property in transit, property at temporary locations, temporary structures, and inflation protection.
• Additional Living Expenses: Accident caused to the construction project? This coverage helps pay when your client cannot temporarily live in their structure due to a covered loss.
• Applicable Warranties: Numerous warranties are also included with your COC insurance policy. These coverages include heating equipment, hot work operations, garbage, trash, and debris removal.

Don’t see the coverage you need? Get in touch with us and we can include it in your custom package.

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Anyone with a financial interest can purchase the CoC Insurance. Course of Construction Insurance covers many parties participating in building projects; hence a critical insurance coverage to have in place. While most people assume that property owners are the ones that should purchase COC Insurance, builders, project managers, contractors, and even architects need COC Insurance for risk mitigation.

However, the decision on who pays for the insurance comes down to the agreement between you, the property owner, and the general contractor. If your builder wants you to pay for Builder’s Risk insurance, ensure the insurance is sufficient for the project’s objectives and that this price reflects your contractor’s real job quote.

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The Course of Construction Insurance cost will depend on variables specific to the ongoing project:

• Age of Building
• Contractor Loss History and Specialization Specifics
• Deductibles
• Duration of the Project
• Specified Coverage
• Security Measures
• Type of Construction
• Value of Project & Materials (Size)
• and more

We are able to offer coverage terms with competitive premium terms. Complete our online application and get your free quote e-mailed to you!

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Our COC Insurance offer coverage for various project sizes, including:

• New Construction
• Renovations and additions excluding existing structures
• Single Family Homes
• Multi Family Residential up to 8 Family units
• Light Commercial Buildings
• All Construction Types
• Frame Buildings up to 4 storeys

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