What Builders Risk Covers
Builders risk is project-specific property insurance. It protects the structure under construction, along with materials, equipment, and temporary structures, against physical loss such as fire, theft, vandalism, and weather damage.
- Structure under construction, including additions and renovations
- Building materials and supplies stored on or near the site
- Temporary structures, fencing, and scaffolding
- Materials in transit to the job site, depending on policy terms
- Debris removal after a covered loss
Who Buys It
Owners, general contractors, and sometimes subcontractors, depending on who is responsible for the project under the contract. Lenders often require builders risk on financed projects. We can help you confirm who should carry it and what the contract requires.
Check your contract first. Who buys builders risk, and how it's written, is often spelled out in the construction agreement. Gaps between the contract and the policy are where disputes start.
What Affects the Cost
- Total project value and construction type
- Project duration and schedule
- Location and exposure to fire, flood, or wildfire
- Deductibles and sublimits for specific perils
Get a Builders Risk Quote
Send us the project address, contract value, and expected timeline.
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