Builders Risk Insurance 

Protect Your Construction Project from Day One

Construction projects involve significant financial investment and risk. Builder’s Risk Insurance helps protect buildings under construction, renovation, or major remodeling from unexpected losses such as fire, theft, vandalism, and severe weather.

Whether you’re a contractor, developer, property owner, or investor, having the right coverage in place ensures your project stays on track and protected from costly setbacks.

Our team helps businesses secure reliable coverage from top-rated carriers so you can build with confidence.

What is Builder’s Risk Insurance?

Builder’s Risk Insurance is a specialized property insurance policy designed to protect buildings and structures while they are being constructed or renovated.

Coverage typically applies to:

• New construction projects

• Building renovations

• Property additions

• Major structural improvements

The policy usually remains in effect until the project is completed or the building becomes occupied.

What Does Builder’s Risk Insurance Cover?

Builder’s Risk policies typically cover:

Property Damage

Protection for materials, fixtures, and equipment used in construction.

Fire and Explosion

Coverage for damage caused by fire, smoke, or explosions during construction.

Theft and Vandalism

Protection for stolen or damaged materials and equipment at the job site.

Weather Events

Coverage for wind, lightning, hail, and other covered weather-related damage.

Materials in Transit or Storage

Some policies extend coverage to building materials stored off-site or in transit.

Who Needs Builder’s Risk Insurance?

Builder’s Risk Insurance is commonly purchased by:

• General Contractors

• Property Developers

• Building Owners

• Real Estate Investors

• Home Builders

• Commercial Construction Companies

In many projects, the project owner or developer purchases the policy, but contractors can also obtain coverage depending on contract requirements.

What Is Not Covered?

Builder’s Risk policies generally do not cover:

• Employee injuries (covered by Workers’ Compensation Insurance)

• Liability claims from third parties (covered by Commercial General Liability Insurance)

• Contractor equipment unless specifically endorsed

• Normal wear and tear or poor workmanship

Because every project is different, coverage should be customized based on project size, location, and construction type.

Common Coverage Options

Builder’s Risk policies can be enhanced with additional protections such as:

• Soft costs coverage (architect fees, permits, interest, etc.)

• Ordinance or law coverage

• Debris removal

• Temporary structures

• Scaffolding coverage

• Flood and earthquake endorsements (where available)

How Much Builder’s Risk Insurance Do You Need?

Coverage limits should typically equal the total completed value of the project, including:

• Materials

• Labor

• Equipment

• Architectural and engineering costs

Our advisors can help determine the correct limits to ensure your project is fully protected.

Get a Builder’s Risk Insurance Quote

Every construction project is unique. Our team can help you secure competitive quotes from top-rated insurance carriers.

We work with contractors, developers, and property owners to design policies that match the specific risks of each project.