
Direct answer
Vertical insurance for construction, often known as industry-specific package policy, covers unique risks like project-specific liability and builder’s risk that general policies exclude. It depends on whether your projects are residential or commercial, as the risk profiles and regulatory requirements differ significantly.
Industry-standard commercial property and casualty underwriting guidelines for the construction sector. For additional information about commercial property and casualty coverage, see the Insurance Information Institute‘s research on business insurance.
What this means for you
Vertical insurance for construction, often known as industry-specific package policy, covers unique risks like project-specific liability and builder’s risk that general policies exclude. It depends on whether your projects are residential or commercial, as the risk profiles and regulatory requirements differ significantly.
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