Katy TX Builders Risk Insurance

If you find yourself searching for a Katy TX Builders Risk Insurance policy, consider contacting the professional team at Texas Insurance Agency! We will help you find the right insurance policy for your needs. In addition, our agency only partners with the best of the best in the insurance industry.

Texas Insurance Agency has been in the business of serving the Houston community for over two decades. In that time, we have helped thousands of clients find an insurance policy that fits their business and personal needs. Our mission is to keep you or your business afloat when the unexpected happens.

Construction sites are high-risk work environments. There are dozens of options available for covering everything from employee injury or death to the property on the job site. There are many reasons to consider purchasing Katy TX Builders Risk Insurance prior to beginning your construction project.

Katy TX Builders Risk Insurance

Katy TX Builders Risk Insurance

What is Builder’s Risk Insurance?

Builder’s risk insurance is a type of insurance plan you will want to have if you are planning a construction project. No matter what size that project is, you will want coverage of the equipment, materials, and structure itself. This type of insurance usually covers property damage when it occurs as a result of events like fire, hail, explosions, theft, vandalism, and other ‘Acts of God.’

Things to Know About Builder’s Risk Insurance:


Most construction projects are under a signed agreement called a contract. This contract will state the duration, cost, and scope of the project. If the project is delayed due to property damage from events covered under your policy, then that policy could provide financial assistance.

For instance, if a fire destroys the structure of your building while it is under construction, naturally, that project will be delayed. In the meantime, you will be dealing with elements that result from a delay. Things like additional loan interest, taxes, and other monetary aspects can add up quickly during that delay.

In addition to regular property damage coverage, builder’s risk insurance offers extensions to bridge the gaps in coverage. So, for a small additional cost, you have the option of purchasing additional coverage of things like scaffolding, temporary structures, and debris removal and cleanup.

Your builder’s risk insurance policy will be custom-made to fit your specific type of construction project, materials, equipment, and other construction materials.


Across the board, builder’s risk policies tend to exclude things like mechanical breakdowns, acts of terrorism, damage that results from faulty design, and employee theft. Some of these factors might be added in through extension policies.

Other exclusions include damage that results from an earthquake, flood, or wind. If your project location is more susceptible to weather events like flooding, it might be ideal to purchase a flood insurance extension.

The point of a builder’s risk insurance policy is to provide coverage for specific and general areas of risk that you might experience on the construction site and for the duration of the project. Looking ahead to what could happen, and customizing your policy to cover those potentialities, is the key to protecting your investment.

There are specific situations under which an insurance agent can offer an exclusionary provision. These are rare occurrences; however, your insurance agent will be able to give you more details about when and under what circumstances you can receive one.

Katy TX Builders Risk Insurance

Find the right Katy TX Builders Risk Insurance for your project with Texas Insurance Agency.

Types of Property

Without specific equipment and materials, your construction project would be slow to begin. Builder’s risk insurance offers protection of equipment, materials, and supplies that are damaged in the process of construction. Some policies will extend that coverage to include damage that happens on-site, in transit, or at other locations.

Cost of Coverage

The cost of your coverage will depend on many different factors regarding your project. For instance, what type of materials are you using? High-end materials will require more coverage and financial investment. Similarly, the type and scope of the project will also come into consideration.

Are you building a skyscraper in the middle of the city? If an accident occurs, will the damage occur beyond the project site? Could an accident have a significant impact on the community? These are all risk factors your insurance agent will take into consideration when determining the cost of your coverage.

Generally speaking, your builder’s risk policy cost will also be based on the coverage amounts and limits you want. Your agent will help you create a customized policy that protects the important and costly portions of your construction project.

Start and End of Your Insurance Coverage

Builder’s risk insurance policies are temporary and will last only for the duration of the project. It is important to note that coverage typically begins when you sign the contracts.

However, be aware that a delay in the start of coverage can happen. Plan on beginning the project after the insurance policy starts so as to avoid accidents that happen outside of the coverage time period.

The builder’s risk policy will last for the duration of your project unless otherwise canceled. Ask your agent to go over the specific details of when the coverage ends so that you are not caught by surprise in the event of a delay in construction.

Risk Management in Construction

Katy TX Builders Risk Insurance

If you need Katy TX Builders Risk Insurance, then you are in the right place!

In a high-risk job like construction, it is essential to have the right insurance coverage. This is because it protects your employees and project if an accident happens. A builder’s risk insurance plan is part of a comprehensive risk management program.

Katy TX Builders Risk Insurance

For more information about Texas Insurance Agency, visit our website! There, you can also read our blog, request a free quote, and see our locations. Texas Insurance Agency has the right expertise to help you find a Katy TX Builders Risk Insurance policy that works.

Katy, TX Fun Facts:

  • Katy is named for the K-T Railroad.
  • Downtown Houston is just thirty miles away
  • Katy sits in three counties: Harris, Waller, and Fort Bend.
  • For more information about Katy, TX, visit the city’s website!

Our Partners

We are pleased to partner with these companies to bring you the best coverage at the lowest rates available.