Which coverage form protects buildings, materials, and equipment during construction?

The builders risk coverage form is specifically designed to protect buildings, materials, and equipment that are in the process of being constructed or remodeled. This form provides coverage for damage to the structure during construction, accounting for potential risks such as fire, vandalism, and certain types of weather events.

It's essential for construction projects because it ensures that significant financial losses do not occur if something happens before the project is completed. This form typically lasts until the project is finished or until the building is occupied, making it suitable for contractors and property owners alike.

On the other hand, general liability coverage is focused on protecting businesses from claims made by third parties for bodily injury or property damage, which does not specifically address the risks associated with ongoing construction. Umbrella coverage provides additional liability insurance above what underlying policies offer, but it does not cover construction-related damages. Workers' compensation coverage is aimed at providing benefits to workers injured on the job, rather than protecting the construction project itself.