Affordable insurance starts with an easy quote
Builder’s Risk Insurance—also called Course of Construction Insurance—is a specialized property policy that protects buildings and structures during construction or renovation. Unlike your general liability policy (which covers your work), Builder’s Risk protects the project itself: the building, materials, and equipment from fire, theft, vandalism, and other perils.
A construction project represents a massive investment at its most vulnerable. The structure isn’t yet complete—there are no locks, no alarm systems, no fire suppression. A fire, storm, or theft can destroy months of work and materials in minutes. According to the National Fire Protection Association, construction sites are at elevated risk for fire due to exposed materials, hot work, and open structures. Standard property insurance doesn’t cover buildings under construction—you need Builder’s Risk.
Responsibility for purchasing Builder’s Risk depends on the construction contract and project type. The policy should name all parties with a financial stake in the project to avoid disputes after a loss.Select your role below to understand your coverage needs.
You have the largest financial stake—protect your investment from day one.
Contracts often require GCs to provide Builder's Risk—especially on renovations.
Banks require Builder's Risk to protect their construction loan collateral.
We design Builder’s Risk Insurance policies that protect your project from groundbreaking to ribbon cutting, covering the structure, materials, and soft costs.
Understanding what’s covered—and what’s not—helps you avoid gaps in protection.
| ✓ Typically Covered Perils | ⚠ Common Exclusions |
|---|---|
| ✔ Fire and smoke damage | ✖ Flood (separate policy available) |
| ✔ Wind and hail | ✖ Earthquake (endorsement available) |
| ✔ Theft and vandalism | ✖ Faulty workmanship or design |
| ✔ Lightning strikes | ✖ Mechanical breakdown |
| ✔ Explosions | ✖ Employee theft |
| ✔ Vehicle collision damage | ✖ Normal wear and deterioration |
These two coverages serve different purposes—most projects require BOTH for complete protection.
| Feature | Builder’s Risk Insurance | Construction Insurance |
|---|---|---|
| Primary Purpose | Specific construction project | Ongoing business operations |
| Duration | Project duration only (3-12 months) | Annual, renewable policy |
| What It Covers | Building structure & materials | Liability, workers, vehicles, equipment |
| Who Purchases | Property owner or contractor | Contractor (required) |
| Covers Building During Construction | ✔ Yes | ✖ No |
| Covers Third-Party Injuries | ✖ No | ✔ Yes |
Need ongoing business protection? Learn about Construction Insurance →
“How much does Builder’s Risk cost?” Premiums are based on project value, construction type, and location.
Captive agents only have one price. “Independent Means Multiple Choices.” We shop 30+ top-rated carriers to find the best rate for your specific project.
Experience the confidence shared by the contractors and developers we protect, and let us turn these options into a clear, comprehensive protection plan for your project.
We’re here to help you explore your coverage options tailored to your needs.
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