Builders Risk vs. Inland Marine Insurance: The Difference Every Contractor Needs to Know

Is builders risk insurance enough to protect your construction project? Many contractors assume that if materials are damaged on a jobsite, the builders risk policy automatically pays. Unfortunately, that's not always true. In this video, I explain the difference between builders risk insurance and inland marine insurance, why the two policies often overlap, and how contractors accidentally create expensive coverage gaps during transit, temporary storage, and installation. You'll learn: • What builders risk insurance actually covers • What inland marine insurance is designed to insure • Why installation floaters exist • When tools and equipment should be insured separately • How materials move from inland marine coverage to builders risk coverage • Common claims that surprise contractors after a loss • A simple three-bucket framework you can use to understand construction property insurance Whether you're a general contractor, electrical contractor, HVAC contractor, plumber, or specialty trade contractor, understanding these policies can help you avoid costly surprises during a claim. If you're responsible for construction projects, this is one of the most important insurance concepts to understand. Subscribe for weekly videos that help business owners make smarter insurance decisions. 00:00 Understanding Builder's Risk and Inland Marine Coverage 01:15 The Unique Challenges of Construction Insurance 04:26 Explaining Builder's Risk 06:27 Installation Floater Vs Builder's Risk 09:05 Tools and Equipment Vs Builder's Risk 10:29 When does Builder's Risk Start and End 12:44 Framework for Understanding Construction Exposures WORK WITH ME https://bitnerhenry.com/daryl-henry/