Which commercial property coverage form covers buildings under construction?

The builders risk coverage form is specifically designed to provide insurance for buildings and other structures that are in the course of construction. This type of coverage protects against loss or damage to the building under construction, as well as materials, fixtures, and equipment that will be part of the completed structure. Such coverage is essential because construction sites are often exposed to various risks, including theft, vandalism, and weather-related incidents, all of which could lead to significant financial losses without appropriate insurance.

The other coverage forms listed do not serve the same purpose. Business income coverage focuses on the loss of income that a business may experience due to a covered loss affecting its operations, rather than physical structures. Special property coverage may encompass various types of property but is not tailored for the unique risks associated with construction sites. General liability coverage protects against claims of bodily injury or property damage occurring on the premises but does not apply specifically to the protection of buildings under construction. Thus, the builders risk form is the appropriate choice when it comes to insuring properties that are currently being built.