Business Insurance
Builder's Risk Insurance, explained.
Protects the project itself, structure, materials and work in progress.
Builder's Risk Insurance
Builder’s Risk (Course of Construction) is property insurance for a building under construction or renovation. It covers the structure, materials on site, in transit and at temporary storage from groundbreaking to completion.
Inside a Builder's Risk policy.
Structure under construction
Materials, fixtures and equipment at the site
Materials in transit or temporary storage
Soft costs (interest, permits, lost rent) by endorsement
Fire, wind, theft, vandalism, water damage
Is this for you?
General contractors on new construction
Property owners financing a build
Developers and renovators
Anyone with materials staged at the project
Projects where a lender requires it
Plain language answers.
Who buys the Builder’s Risk policy?
Either the owner or the GC, the contract dictates. Lenders almost always require one party to carry it.
Does it cover existing structures during a renovation?
Sometimes, there are endorsements for existing building coverage on remodel projects.
How long is the policy in force?
For the duration of construction, with options to extend if the project runs long.
Coverages that pair well with this one.
Ready for a Builder's Risk quote?
A short form or a quick call. We’ll shop it across 50+ carriers and come back with options.