Constructing a new building, retrofitting or expanding an existing facility or creating a temporary structure can present substantial challenges. Whether incurring expenses due to construction delays, inflated labor and material costs, or damage to onsite building materials and equipment, resulting from a covered cause of loss, you need the right coverage to ensure your project stays the course.
CNA's Builders Risk insurance addresses the fundamental challenges you face while working to expand your real estate entity. Builders Risk targets issues related to buildings in the course of construction, certain existing buildings and temporary structures, as well as several types of property in temporary locations and in transit. This product provides payment for the cost of physical damage or loss to various aspects of covered property under construction or renovation, potentially including a building's foundations, scaffolding, construction forms, fixtures, machinery, equipment and more.
Our underwriters and risk control professionals understand the complex risks you face in the real estate industry, and can help manage your exposures and avoid the most common losses. If an incident occurs, our highly experienced claim professionals are dedicated to working with you, so that you may remain focused on servicing your clients.