Coverage Guide
Builders Risk Insurance
Specialized coverage protecting buildings and structures during the construction phase from damage, theft, and weather events.
Who Needs Builders Risk Insurance?
Anyone involved in construction projects needs builders risk insurance. This includes general contractors, property owners, and developers. The policy covers the structure being built and materials on site from the start of construction until completion.
General contractors
Property developers
Building owners during construction
Renovation contractors
Commercial builders
Residential home builders
15%
of construction projects experience significant losses
Common Risks Protected Against
Builders Risk Insurance helps protect your business from these common exposures and potential losses.
Fire Damage
Coverage for fire damage to structures under construction.
Weather Damage
Protection from wind, hail, lightning, and storms.
Theft & Vandalism
Coverage for stolen materials and malicious damage.
Collapse
Protection if the structure collapses during construction.
Materials Coverage
Protection for building materials on site or in transit.
Soft Costs
Coverage for additional expenses from covered delays.
What's Typically Covered
Building structure under construction
Building materials and supplies
Temporary structures on site
Fixtures and equipment to be installed
Materials in transit
Scaffolding and forms
Soft costs from delays
Debris removal expenses
Common Exclusions
Faulty workmanship or design
Employee theft
Earthquake (unless endorsed)
Flood (unless endorsed)
Mechanical breakdown
Normal settling or shrinkage
Industries That Commonly Need This Coverage
Frequently Asked Questions
Common questions about builders risk insurance
Commercial Property insurance protects your business's physical assets including buildings you own, equipment, inventory, furniture, and fixtures. It covers losses from fire, theft, vandalism, storms, and other covered perils. This coverage is essential whether you own your building or lease space, as it protects the contents and improvements you've made.
Most policies can be modified mid-term through endorsements. Common changes include adding vehicles, updating property values, adding additional insureds, or adjusting coverage limits. Some changes may result in additional premium or a refund. Contact us when your business needs change—we'll process the updates and explain any cost implications.
Claims timelines vary based on complexity. Simple property claims might settle in 2-4 weeks, while liability claims involving injuries or lawsuits can take months or even years. The insurance company will assign an adjuster to investigate, assess damages, and determine coverage. We stay involved throughout to help move things along and address any issues that arise.
Related Articles
View All ArticlesReady to Protect Your Business?
Get a customized builders risk insurance quote tailored to your specific business needs. Our experts are ready to help.