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Builder’s Risk Insurance, also called course of construction insurance, is temporary property coverage for a building, renovation, or repair project while work is still underway. It can help protect the project itself, including the structure, materials, and certain project-related costs, when covered damage happens before the job is complete.
A construction project can be exposed before it is ready for regular property insurance. Materials may be delivered before installation, the structure may be open to weather, and the contract or lender may require proof of project coverage before work begins. Builder’s risk insurance helps close that gap by focusing on covered damage to the building or renovation project during the construction period.
Responsibility for buying builder’s risk insurance usually depends on the construction contract, loan requirements, and who has a financial interest in the project. The policy should be reviewed before coverage is put in place so the owner, contractor, lender, and project details are handled correctly. Select your role below to start a quote review for your project.
You may have the largest financial stake in the project before the building is finished.
Your contract may assign builder's risk responsibility before materials or crews arrive.
Loan documents often require builder's risk coverage to protect the project collateral.
| ✓ Typically Covered Perils | ⚠ Common Exclusions or Limits |
|---|---|
| ✓ Fire and smoke damage | ✗ Flood, unless separate coverage applies |
| ✓ Wind and hail | ✗ Earthquake, unless endorsed |
| ✓ Theft and vandalism | ✗ Faulty workmanship or design correction |
| ✓ Lightning strikes | ✗ Mechanical breakdown |
| ✓ Explosions | ✗ Employee theft |
| ✓ Vehicle collision damage to covered project property | ✗ Normal wear, deterioration, or poor maintenance |
| Feature | Builder's Risk Insurance | Construction Insurance |
|---|---|---|
| Primary Purpose | Protects covered project property during construction, renovation, or repair | Helps protect the contractor's ongoing business operations |
| Duration | Usually tied to the project term | Usually annual and renewable |
| What It Covers | Building structure, materials, temporary structures, and selected soft costs | Liability, workers, vehicles, tools, equipment, and other business exposures |
| Who Purchases | Property owner, developer, contractor, or another party named in the contract | Usually the contractor or construction business |
| Covers Building During Construction | ✓ Yes, when the property and cause of loss fit the policy | ✗ Usually no |
| Covers Third-Party Injuries | ✗ No | ✓ Often reviewed under general liability or workers' compensation |
Headquartered in Overland Park, KS and serving clients across multiple states, our team provides straightforward guidance to help you make informed insurance decisions.
If you’re comparing insurance options or reassessing your current coverage, we’ll help you evaluate what you have, identify potential gaps, and find a path forward that makes sense for your situation.
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Builder's Risk Insurance
Builder's risk covers the project property, but it is often only one part of the insurance setup. These related options can help you review liability, employee injury, and broader construction business exposures.
Request QuoteRelated Coverage Options
General Liability InsuranceHelps with third-party injury, property damage, and legal claims that builder's risk does not handle. Workers' Compensation InsuranceHelps cover employee injury costs and employer obligations when a worker is hurt on the job. Construction InsuranceA broader construction insurance setup can include liability, workers' compensation, commercial auto, and equipment coverage.Need help?
If you want help reviewing the project, contract requirements, or coverage options, our independent agents are ready to help.
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