Which type of coverage ensures a building under construction?

Builders risk coverage is specifically designed to protect buildings that are under construction. This type of insurance covers the structure itself from damage due to various risks such as fire, vandalism, theft, and certain weather events. It applies to the building materials, fixtures, and any equipment on-site, ensuring that the investment in the construction project is safeguarded during the building process.

In contrast, commercial general liability insurance provides coverage for liabilities arising from business operations but does not directly protect buildings under construction. Businessowners insurance typically bundles various coverages aimed at small businesses, offering protection for the business's general property and liability but not tailored to the specific needs of construction projects. Business income coverage is focused on compensating for lost income due to business interruption and does not cover the physical structure itself. Therefore, builders risk is the most appropriate choice for covering a building that is still in the construction phase.