Builders Insurance: Is it Necessary?

When it comes to Santa Fe builder insurance, it isn’t always required by law. This doesn’t mean that you should skip out on it, however. To skip out on insurance is a gamble that most don’t want to take. This is what you need to know about the builder’s insurance.

Risks Without Coverage

Accidents happen. Incidents happen at construction sites that you can’t predict or stop. Due to this, you need some form of protection. If your project ends up delayed or derailed, you need insurance to keep the build from going under ultimately.

Types of Coverage

Builders risk policies come in all shapes and sizes. What your construction business requires has everything to do with the specifics of your business. Here are the three main types of coverage you’ll see.




Basic coverage protects against primary risks, like lightning, wind, fire and even explosions. Broad protects against all of that, plus a little more. For instance, water damage and falling objects may be included. With individual coverage, you have protection against theft and other unfortunate incidents.

Its important to note that the builders insurance will cover not everything. Some perils require other policies.

Instead of skipping out on Santa Fe builder insurance, make sure you check all available coverages and choose what works for your business. Any amount of protection is better than none at all.