Property Insurance for Contractors

Course Details

This course is not subject to discount pricing.

Additional Credit Available:

Add AFIS Renewal Credit
Add ERIS Renewal Credit
Add MRIS Renewal Credit
Add MLIS Renewal Credit
Add TRIP Renewal Credit
Add Insurance CE

Delivery Method: 

QAS Self-Study

PDF Download: 


Provider of Record: 


Field of Study: 

Specialized Knowledge

Last Reviewed: 

February 2022

Study Level: 




Access Period:

12 months

Exam Requirements

Proctor Required: 


Passing Grade: 






Please note: Adding Additional Credit may change exam requirements.


This course—Property Insurance for Contractors—examines the coverage provided by three types of property insurance policies: commercial property policies, builders risk policies, and contractors equipment policies.

Commercial property policies provide insurance on existing buildings and their contents. The contractor purchases this type of policy to respond to loss or damage in connection with its own facilities. Builders risk policies provide insurance on property being constructed, installed, altered, or repaired. The builders risk policy for each project may be purchased by either the contractor or the project owner. Contractors equipment policies provide insurance on the mobile equipment that is used in construction activities. They are purchased by the contractor as the owner (or lessor) of the equipment. The course also briefly overviews two other types of property insurance policies that contractors may need: commercial crime policy and equipment breakdown policy.

Learning Objectives

Upon completion, students will be able to:

  • recognize the key property loss exposures that contractors face and identify the type of insurance policy that addresses each of these loss exposures;
  • recognize the types of property that are covered and excluded from coverage, what locations are covered, and other key direct damage policy provisions under a commercial property policy;
  • distinguish between commercial property insurance and builders risk insurance and identify the advantages of insuring property under construction under a builders risk policy; 
  • recognize the types of property that are typically covered and excluded from coverage under a contractors equipment policy, distinguish between blanket and scheduled contractors equipment, and identify the exclusions and limitations that are found in most all risks contractors equipment policies;

Designed For

Property and casualty risk, safety, insurance, and finance professionals
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Advanced Preparation


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