Commercial Insurance
Builders risk: course-of-construction protection
A project under construction is exposed to fire, theft, weather, and vandalism before it is ever finished. As your risk advisor, we read the contract and lender requirements with you and structure builders risk to protect the structure, materials, and equipment while the work is in progress.
What is builders risk insurance?
Builders risk insurance is specialized property coverage for buildings and structures during construction or renovation. It can cover the structure itself, materials and supplies on site, and property in transit or at temporary storage, against covered causes of loss such as fire, wind, theft, and vandalism while the project is under way.
It is typically written for the length of the project and tailored to the contract value, the parties involved, and the lender or owner requirements.
Builders risk can help protect
- The structure under construction
- Materials and supplies on site
- Property in transit
- Property at temporary storage
- Equipment and fixtures to be installed
- Soft costs (when added)
- Debris removal
- Lender and owner interests
Builders risk FAQs
Who needs builders risk insurance?
General contractors, developers, and property owners typically need builders risk for new construction and major renovations. Lenders and project owners often require it before funding or starting a project, and the contract usually dictates who carries it.
What does builders risk cover?
It covers the building under construction plus materials, supplies, and equipment intended for the project, against covered causes of loss like fire, wind, theft, and vandalism. It generally does not cover tools, existing structures, or liability — those belong on other policies.
How long does a builders risk policy last?
Builders risk is usually written for the duration of the project, with extensions available if construction runs long. Once the project is complete and occupied, coverage transitions to a permanent commercial property policy.
Builders risk built tough. Covered right.
Protect the project before it is finished. Request a builders risk review today.