What type of insurance covers a builder against theft of materials from a job site?

Builder's Risk insurance is specifically designed to protect contractors and builders from financial loss related to construction projects. This type of insurance covers a range of potential risks, including theft of materials from a job site. It provides coverage during the course of construction, safeguarding not only against theft but also against damage caused by fire, vandalism, and other risks associated with building projects.

This focused protection allows builders to concentrate on completing the project without worrying about the loss of expensive materials or equipment that can significantly impact the project's budget and timeline. Some other insurance types mentioned, such as liability insurance, are meant to protect against injury claims or property damage resulting from construction activities, rather than covering direct losses like theft of materials. Workers' compensation pertains to employee injuries on the job, while homeowners insurance protects a home and its contents but would not typically cover construction materials on a job site.