Elements that are covered Under Course Of Construction Insurance

Imagine that your construction team finishes their work on a residential building one evening. However, an oily rag was left in a bucket there, unknown to anyone! The next day you realize that the rag bursts into flames because the day was hot and sunny! As a result, all your materials at the project site get destroyed. What would you go through as a company as you now have to do things all over again? Can you even imagine this kind of situation? So what do you need as a shield? It is the course of construction insurance , of course! Construction insurance, also known as contractor insurance , is a must as it is designed to protect owners and contractors from the unbelievably horrible effects of accidental fires, floods, theft, vandalism, and other unwelcome accidents to a construction project. What is covered under a Course of Construction Insurance ? So basically, the contractor insurance covers the property, including the materials and supplies necessary to complete the proje...