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Builders Risk Insurance

Protect your construction projects from the ground up — before, during, and after the build.

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What is Builders Risk Insurance?

Builders Risk Insurance — also known as Course of Construction Insurance — provides coverage for buildings and structures while they are under construction or renovation. It protects the property owner, general contractor, and other stakeholders from financial loss if the project is damaged or destroyed before completion.

Whether you're constructing a new commercial building, completing a major renovation, or managing a residential development, Builders Risk is an essential part of your project's risk management plan.

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Did You Know?

Most standard commercial property policies exclude buildings under construction. Without a dedicated Builders Risk policy, a fire or storm during your build could leave you covering the full cost of rebuilding out of pocket.

What's Covered

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Fire & Explosion

Coverage for damage caused by fire, explosion, or related perils during construction.

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Weather Events

Protection against wind, lightning, hail, and other severe weather damage to the structure.

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Theft & Vandalism

Coverage for theft of materials, tools, and equipment stored on-site.

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Water Damage

Covers water infiltration and accidental discharge during the build process.

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Equipment Breakdown

Protection for on-site machinery and construction equipment breakdowns.

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Soft Costs

Optional coverage for project delays, legal fees, and additional expenses caused by a covered loss.

Who Needs Builders Risk Insurance?

General contractors
Property developers
Renovation companies
Commercial builders
Residential developers
Project owners & investors

Frequently Asked Questions

What's the difference between Builders Risk and general property insurance?+
Builders Risk specifically covers structures during the construction or renovation phase. Standard property insurance typically excludes buildings that aren't yet completed or are undergoing major structural changes.
Does Builders Risk cover theft of materials?+
Yes — most policies include coverage for theft of building materials, tools, and equipment stored on-site. Coverage limits and conditions vary by insurer, so it's important to review your policy with your broker.
When does a Builders Risk policy start and end?+
Coverage typically begins when construction starts and ends when the project is substantially complete, the building is occupied, or the policy term expires — whichever comes first.

Questions About Your Coverage?

Our licensed brokers are ready to help you find the right fit.