Call Us (504) 556-0809 ☰ ˟
Logo
Español
New Orleans: (504) 556-0809 River Parish: (985) 331-9077 Text River Parish: (985) 722-8447
  • Home
  • Coverage
    • Automobile
    • BOP (Business Owners Policy)
    • Builders Risk
    • Business & Commercial
    • Commercial Auto
    • Commercial Property
    • Contractors
    • Cyber Liability
    • Dental
    • Flood
    • General Liability
    • Health
    • Homeowners
    • Hurricane
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
    • Windstorm
    • Workers Compensation
  • Get A Quote
    • Automobile
    • Business
    • Commercial Property
    • Flood
    • Health
    • Homeowners
    • Hurricane
    • Life
    • Recreational Vehicle
    • Renters
    • Windstorm
  • Customer Service
  • Blog
  • Make A Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Homeowners Insurance in Louisiana: How to Save on Soaring Costs
  • About Us
    • About Dave Millet Insurance Agency
    • Our LocationsImage of right arrow
      • Metairie, LA
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More

Contractors

We browse through a wide variety of coverages and find the right one for you.

Learn More

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More

Health

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Builders Risk Insurance Vs. Liability Coverage: How Each Benefit Works
WEDNESDAY, APRIL 28, 2021

Builders Risk Insurance Vs. Liability Coverage: How Each Benefit Works

For construction contractors, there is nothing more important than safeguarding your works in progress. After all, if something were to damage the property and interrupt your progress, then you might face a huge financial setback. At this point, it’s critical that you have builder’s risk insurance ready and waiting. Your policy will be there to assist you following property damage at construction sites.a man riding a skateboard up the side of a building 

However, your builder’s risk policy will not offer the same coverage to injuries or property damage that you cause to other parties. In this case, separate liability insurance benefits will provide the necessary benefits. Though separate from your builder’s risk policy, liability coverage is equally important. Let’s take a closer look at how these benefits work. 

What does builder’s risk insurance cover? 

Builder’s risk coverage will pay for unexpected, unavoidable hazards occurring in property under construction. Some of the incidents covered by your plan might include: 

Theft and vandalism 

Certain weather-related hazards, such as hail and lightning 

Fire and explosions 

Vehicles crashing into the structure 


Your policy will cover the structure under construction, equipment housed at the work site, and materials that have yet to be installed on the project. Coverage might also cover temporary structures and emergency services fees. 

However, if you were to cause harm to someone else involved in the project, your plan will not pay for their losses. Instead, you will need to turn to a benefit known as general liability insurance. This policy might cover third-party losses like: 

Injuries on your property 

Damage to rented commercial space 

Property damages caused by you or your team to someone’s existing property 


When it comes down to who is responsible for paying for damage done to someone’s property, negligence is often the deciding factor in whether you use builder’s risk insurance or liability insurance. 

Negligence is a major concern in construction. After all, if you make mistakes in your work, then you could wind up causing your client a lot of harm (even if you didn’t intend to do so). Still, if you are responsible for harm done to someone else, then you can expect to turn to your general liability insurance as opposed to your builder’s risk policy. 

All in all, builder’s risk insurance is designed to cover damage to a construction project that is under your authority. However, liability insurance extends to losses that affect others, and are your business’s fault. 

If there are any major exclusions that leave you with gaps with which you are not comfortable, additional insurance can be purchased to cover most of these risks. There is a lot at risk in a construction project, and adequate coverage is of vital importance. 
Posted 4:28 PM

Tags: builders, risk, insurance, coverage, liability
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2015
  • 2014

  • home insurance(24)
  • dave millet insurance agency(17)
  • insurance(15)
  • business insurance(12)
  • contractors insurance(11)
  • louisiana(10)
  • metairie(9)
  • workers compensation insurance(7)
  • flood insurance(7)
  • auto insurance(6)
  • general liability insurance(6)
  • homeowners insurance(5)
  • commercial insurance(4)
  • dave millet insurance(3)
  • commercial auto insurance(3)
  • boat insurance(3)
  • renters insurance(3)
  • laplace(2)
  • motorcycle insurance(2)
  • health insurance(2)
  • homeowners(2)
  • auto(2)
  • new orleans(2)
  • home(1)
  • short term disability(1)
  • metarie(1)
  • pests(1)
  • holiday(1)
  • car maintenance(1)
  • office safety(1)
  • vehicles(1)
  • mobile home insurance(1)
  • laplace la insurance(1)
  • general liability(1)
  • maintenance(1)
  • fire safety equipment(1)
  • cyber liability insurance(1)
  • disability insurance(1)
  • tires(1)
  • tenant insurance(1)
  • employee(1)
  • car insurance(1)
  • coolant(1)
  • rv insurance(1)
  • long term disability(1)
  • windstorm(1)
  • bad weather(1)
  • business owners(1)
  • builders(1)
  • commercial(1)

View Mobile Version

Call Us Today!

New Orleans

(504) 556-0809

River Parish

(985) 331-9077

Text River Parish

(985) 722-8447

Contact Us
Facebook Twitter LinkedIn Google Maps

Resources

  • Get a Quote
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

New Orleans: 2305 Veterans Memorial Blvd, Suite F | Metairie, LA 70002
River Parish: 13385 Highway 90 | Boutte, LA 70039
P: (504) 556-0809 | P: (985) 331-9077 | Text River Parish: (985) 722-8447 | F: (985) 331-9844
© Copyright 2025. All rights reserved. | Powered by Insurance Website Builder