Does Builders Risk Cover Commercial Buildings?

California’s guide includes new structures and existing buildings undergoing work; confirm that the quote names your project, insured parties, completed value, and occupancy plan. A commercial project may need additional terms for tenants, phased use, and specialized equipment. The type of building alone does not establish coverage. Confirm the completed value, construction method, intended occupancy, locations for materials, and named insureds. Review flood and earthquake terms, delay or soft-cost endorsements, and the date property coverage changes from builders risk to an operating commercial property policy. Before occupancy, arrange the commercial property policy that will insure the completed building, contents, and any business-income exposure; builders risk may end under its own milestone clause. Coordinate the effective date with the construction schedule and tenant move-in. Check project and permanent limits, code upgrades, flood or earthquake terms, and who insures tenant-owned improvements.