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Business coverage

Builders Risk Insurance

Builder's risk insurance covers a construction project — the structure, materials, and supplies — against fire, theft, wind, and vandalism while the work is underway and before a standard property policy takes over. Lenders and project owners almost always require it as a condition of financing, since a half-built site destroyed by fire leaves no completed asset to secure the loan.

Discuss Builders Risk Schedule Consultation

Who this coverage is for

Builders risk insurance is for anyone with a financial stake in a construction or renovation project, including owners, contractors, and developers. It protects a building while it is under construction, before a standard property policy would apply.

What it can help protect

This coverage helps protect a project during the vulnerable construction phase:

  • Structures under construction — helps cover the building itself while work is ongoing.
  • Materials and supplies — helps protect materials on-site, in transit, or in storage.
  • Covered perils — typically responds to fire, wind, theft, vandalism, and similar events.
  • Equipment and fixtures — helps cover items waiting to be installed.
  • Project continuity — helps you rebuild and stay on track after a covered loss.
Regularly misunderstood coverages
Builders Risk vs. Commercial Property vs. GL

How coverage works while a project is under construction.

Key choices and underwriting factors

A licensed review will usually focus on project value, timeline, and stakeholders, new construction vs renovation, and storage and site security considerations.

Common Questions