543 Chestnut Lane East Meadow NY 11554

COURSE OF CONSTRUCTION & STRUCTURAL PROTECTION

NY BUILDERS RISK
& CONSTRUCTION
PROJECT INSURANCE

Protect construction projects, buildings in progress, materials, equipment and property during new construction, renovation and major improvement projects.

PROTECT YOUR CONSTRUCTION PROJECT FROM DAY ONE

Builder’s Risk Insurance

Construction and major renovation projects involve significant financial investments and unique property exposures. Builder’s Risk Insurance can help protect buildings under construction, materials, temporary structures and certain covered property against causes of loss such as fire, theft, vandalism and weather-related damage, subject to policy terms and exclusions.

Whether you are a general contractor, property developer, building owner or real estate investor operating across New York, New Jersey, or Connecticut , Geebu Insurance Agency can help review project values, construction type, renovation scope, materials, equipment and contractual insurance requirements to identify suitable Builder’s Risk options.

THE GEEBU ADVANTAGE Builder’s Risk coverage options designed around project value, construction type, materials, renovation scope and lender or contractual insurance requirements from construction-focused insurance markets.
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BUILDER’S RISK HIGHLIGHTS

Building Under Construction
Ground-Up Construction & Major Renovations
Materials & Property
Building Materials, Supplies & Covered Property
Project-Specific Protection
Coverage Reviewed Around Your Construction Scope, Values & Requirements
What Is Builder’s Risk Insurance?

Builder’s Risk Insurance (also known as Course of Construction coverage) is a specialized policy designed to cover physical assets while they are under construction or structural remodeling.

Coverage applies to ground-up new builds, commercial structural additions, major residential renovations, and tenant improvements.

Recommended Coverage Limit Calculation Policy limits should equal 100% of the completed project value, factoring in raw materials, direct labor, engineering costs, and architectural fees.
Essential Supplemental Endorsements Expand your base policy with options for soft costs (interest & permits), scaffolding, materials in transit, debris removal, and ordinance changes.
What Does Builder’s Risk Insurance Cover?

Property & Framing

Covers the standing building structure, foundation, fixtures, and framing installed during construction.

  • ✓ Structural repairs for storm damage
  • ✓ Ground-up & major additions

Materials & Supplies

Protects lumber, wiring, plumbing fixtures, and uninstalled building materials stored at the job site.

  • ✓ Uninstalled asset protection
  • ✓ Stored materials replacement

Fire & Explosion

Provides primary financial protection against sudden site fires, lightning strikes, smoke, or explosions.

  • ✓ Full site rebuild coverage
  • ✓ Smoke & lightning protection

Theft & Vandalism

Covers malicious property destruction, graffiti, broken glass, or stolen materials from secured sites.

  • ✓ Site vandalism replacement
  • ✓ Job site theft mitigation

Transit & Off-Site

Extends coverage to materials stored at temporary off-site warehouses or while in transit to the job site.

  • ✓ Truck transit endorsement
  • ✓ Warehouse storage protection

Soft Costs Coverage

Covers indirect expenses during delays caused by covered losses (architect fees, permits, loan interest).

  • ✓ Extended loan interest payout
  • ✓ Permit & architectural fees

Scaffolding & Site Prep

Protects job site trailers, staging setups, scaffolding, fencing, and excavation shoring during work.

  • ✓ Scaffolding collapse protection
  • ✓ Job site trailer & fencing

Debris Removal

Pays the cost of hauling away, clearing, and safely disposing of damaged building wreckage following a loss.

  • ✓ Hauling & cleanup expense
  • ✓ Safe site clearing support
Policy Exclusions & Boundaries

What Builder’s Risk Insurance Does NOT Cover

Builder’s Risk focuses exclusively on physical property damage to the structure under construction. Standard exclusions include:

  • Employee Injuries: Worker accidents on site are covered by Workers’ Compensation Insurance.
  • Third-Party Liabilities: Bodily injury or third-party property claims require Commercial General Liability (CGL).
  • Contractor Equipment & Tools: Mobile machinery and hand tools require an Inland Marine / Equipment Floater.
  • Faulty Workmanship & Wear: Defective design or poor construction work is excluded.
Pro Tip: Complete protection for construction projects requires combining Builder’s Risk with General Liability and Workers’ Comp. Geebu Insurance Agency helps bundle your full risk program seamlessly.
Interactive Construction Site Risk Map
Step 1

STEP 1

Explore Site.

Step 2

STEP 2

Click Hotspots.

Step 3

STEP 3

Protect Build.

NY Construction Site and Builders Repairing Home Structure
Frequently Asked Questions
Who is responsible for purchasing Builder’s Risk Insurance? +
When should a Builder’s Risk policy begin and end? +
Does Builder’s Risk cover renovations on an existing structure? +
What happens if construction takes longer than expected? +

Why Choose Geebu Insurance Agency

As an independent agency, Geebu Insurance Agency works with multiple top-rated carriers to build customized Builder’s Risk policies for projects across New York, New Jersey, and Connecticut.

Tailored Construction Risk Reviews
Access to Top Construction Carriers
Custom Endorsements & Soft Costs
Fast Policy Extensions & Claims Support

Protect Your Construction Project Today

Every construction project is unique. Secure custom coverage to keep your site, materials, and investment fully protected.

Request A Builder’s Risk Quote