What is Builders Risk Insurance?

Builders risk insurance protect structures that are undergoing construction. This includes ground-up apartment complexes or major home renovations. Coverage can include debris removal, protection for construction material or equipment going into the structure and even trees. Typically, general liability insurance is not included in the insurance policy and must be purchased seperately.
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What Buildings Need Builders Risk Insurance Policy?

Apartment Complexes

Apartment Complexes

New Homes

New Homes

Large Office Buildings

Large Office Buildings

Hospitals

Hospitals

Retail Strip Centers

Retail Strip Centers

Small Office Buildings

Small Office Buildings

Warehouse Buildings

Warehouse Buildings

Government Buildings

Government Buildings

Home-builders, general contractors and property owners often find themselves in need of insurance coverage to protect personal or business construction projects. Builders risk insurance, also called course of construction insurance or inland marine coverage, is the insurance coverage that is needed to safely cover those situations. Sometimes it is required to comply with government regulations, sometimes by the bank and sometime just because¬†your current policy won’t cover your property while it’s under construction.


Most builders risk insurance policies cover property losses from fire, lightning, hail, explosions, hurricanes, theft, vandalism and several other risks. Things like earthquake, flood and wind in beach zones are usually excluded, but coverage can usually be purchased for projects in locations that are vulnerable to these types of risks. Some other standard exclusions include ordinary wear and tear, acts of terrorism and war, employee theft, rust and corrosion, mechanical breakdowns, and damage resulting from faulty design, planning, workmanship and materials.

Information Needed to Provide a Builders Risk Quote

Is There a Bank Involved?