Construction Insurance for New Build

[Arash Sayyar]

Hi everyone!

Does anyone have any suggestion on Builder's risk insurance?  I am starting my first New Construction as "Owner/Contractor" and curious if I should go with insurance brokers or big companies like AAA(or similar). Most plans seems to cover basics, but should I be cautious about hiring daily workers (i.e. front of Home Depot,..)

my project is in San Bernardino County (California) area. 

[Emilio Ramirez]

Builders risk has nothing to do with workers. It is the comparable to homeowner's insurance when there is no house on the property and it is being built.

Absolutely you should be "cautious" in hiring day laborers. As a contractor your number one job is to minimize risk. If you are the prime and pulling the permit you need GLI and possibly workers comp and possibly professional liability. It depends on client (you) and jurisdiction. Talk to an insurance agent who specializes in new construction.