Building a spec house-insurance questions

[Kyle Clavin]

I’m beginning my first new construction home in the next few weeks. I’m looking at insurance and trying to figure out how much coverage and what kind of coverage I need. It seems I need builders risk and general liability. Is this correct? Also, how much general liability should a company have? There might be more info needed to answer these questions so Please ask away if need be. The home cost will be about $175k.