While both Builder’s Risk and Trades and Contractors Insurance provide coverage for job sites, they operate in very different ways.
The coverage from a Builder’s Risk policy typically protects the property under construction and the materials and equipment used for that project. Without it, there may be a gap in coverage for the structure. Coverage is usually in place from the beginning of a project until it has been completed.
Trades and Contractors, on the other hand, is a package policy that allows a service provider to build custom coverage for their unique business needs. The commercial general liability coverage included in a policy like this can help protect trades professionals in the event of an accident that causes injury to a client or damage to the property.