Builder’s Risk Insurance for Construction Projects
Builder’s risk insurance protects buildings and structures while they are under construction, renovation, or major alteration. It covers physical loss or damage during the course of construction, when exposure is highest and permanent insurance is not yet in place.
We help contractors, developers, and owners secure builder’s risk insurance that aligns with project scope, contract terms, and real-world risk.
What We Do
Builder’s Risk Insurance
Project-specific property coverage during construction.
Course of Construction Coverage
Protection from ground-up build through completion.
Coverage Coordination
Aligned with liability, wrap-up, and property policies.
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What Is Builder’s Risk Insurance
Builder’s risk insurance, also known as course of construction insurance, provides coverage for physical loss or damage to a project while it is being built.
Unlike commercial property insurance, builder’s risk applies only during construction and typically ends when the project is completed or occupied.
What Builder’s Risk Insurance Covers
Coverage may include:
- Buildings and structures under construction
- Materials and supplies on-site or in transit
- Temporary structures
- Damage from fire, wind, vandalism, or theft
- Certain soft costs, depending on policy terms
Coverage is tailored to project type, location, duration, and value.
Who Needs Builder’s Risk Insurance
Builder’s risk insurance is commonly required for:
- Ground-up construction projects
- Major renovations or additions
- Commercial and multi-residential developments
- Projects financed by lenders
- Owner or contractor-controlled builds
In many cases, builder’s risk coverage is mandated by contracts or lenders before work can begin.
Protect the Project While It’s Being Built
Speak with a specialist who understands construction project risk.
Key Risks During Construction
Construction projects face elevated risk due to:
- Partially completed structures
- Exposure to weather
- Theft of materials or equipment
- Fire hazards
- Multiple trades working simultaneously
Builder’s risk insurance is designed specifically to address these exposures.
Common Builder’s Risk Coverage Gaps
Problems often arise when policies are not properly structured. Common gaps include:
- Inadequate project value limits
- Excluded materials or equipment
- Unclear responsibility between owner and contractor
- Gaps between builder’s risk and permanent property coverage
- Coverage expiring before project completion
These issues can delay claims or result in uncovered losses.
How to Structure Builder’s Risk Coverage
The process typically includes:
1. Project scope and value review
2. Contract and risk allocation analysis
3. Policy design and market placement
5. Ongoing updates for project changes
We ensure builder’s risk coverage aligns with contractual and operational realities.
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