Builders Risk
Insurance
Builder’s Risk Insurance, also known as Course of Construction Insurance is a specialized type of property insurance that protects buildings and structures under construction. It covers the materials, equipment, and labor involved in the project from damage or loss caused by unexpected events before the work is complete.
Why do you need it?
Construction sites are vulnerable. Theft, fire, vandalism, and severe weather can cause delays, increased costs, and even total project loss. Whether you're a contractor, property owner, or developer, Builder’s Risk Insurance helps safeguard your investment throughout the building process. It fills the gap between standard property and liability policies, providing peace of mind until the final walkthrough.
What does it cover?
Builder’s Risk coverage typically includes:
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Damage to Materials and Equipment – On-site or in transit, including lumber, steel, wiring, tools, and machinery.
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Fire, Theft, Vandalism, and Weather – Protection against common perils that can halt progress and cause financial setbacks.
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Temporary Structures – Coverage for scaffolding, fencing, and other jobsite essentials.
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Debris Removal – Helps pay for cleanup after a covered loss.
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Soft Costs – Optional coverage for delay-related expenses such as lost rental income, loan interest, or legal fees.
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New Construction, Renovations, and Additions – Tailored policies for everything from ground-up builds to remodeling jobs.
Builder’s Risk Insurance is typically short-term and customizable to your project timeline. It’s a vital piece of protection for anyone involved in construction, ensuring you can finish strong, no matter what the build throws your way.