What is Real Estate Development Insurance?A specific kind of insurance called real estate development insurance is intended to shield contractors, developers, and other real estate project participants against a range of hazards that may arise throughout the course of the project. Typically, it covers environmental concerns, worker injuries, or faults that develop after a project is finished, as well as liability for accidents or injuries that occur on the job site (general liability insurance) and protection against physical damage to buildings that are still under construction (builders risk insurance). This insurance aids in managing the particular risks connected to real estate development and protecting monetary assets.
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