Does a General Contractor Need Builders Risk Insurance?
A general contractor needs builders risk when the construction contract makes it responsible for project coverage; the owner may buy it under other contracts.
A general contractor needs builders risk when the construction contract assigns it responsibility for project property coverage. Under other contracts, the owner buys the policy and includes the contractor’s interest; working on the project alone does not create insured status.
Read the prime contract, subcontracts, declarations, and endorsements together. Confirm who buys coverage, which contractors are insured, how work and materials are valued, who bears the deductible, and whether liability coverage is separately required.
