Builders Risk Insurance provides coverage for a building in the course of construction. This policy will also provide coverage for building materials and supplies which will become part of the building. Soft Costs coverage can be purchased for builders risk as well. Soft costs coverage provides coverage for incidental expenses that may result from a loss to the building project. Such as, additional interest on funds borrowed to finance reconstruction, additional real estate taxes, additional advertising expenses, and additional costs resulting from having to renegotiate leases, additional architects and engineers fees, and additional legal and accounting fees.

Contractors Equipment and Tools provides insurance for contractor’s equipment such as excavators, bulldozers, skidders, forklifts, boom lifts, lawnmowers, backhoes, and metal brake equipment. Tools coverage provides insurance for miscellaneous tools which are valued at less than $1,000 each.

Bailees Coverage provides insurance for the business while they have the property of another in their care, custody, and control. Some business that may need this type of coverage are dry-cleaners, laundry services, businesses that provide storage of furs, business that provide repair of jewelry, clocks, or fine arts.