Builders Risk, priced to the completed value, not the calendar.
A building under construction isn’t covered by a standard property policy, the owner doesn’t have a finished structure yet and a contractor’s general liability won’t rebuild the work. Builders risk covers the project itself, the structure, the materials and the labor in place, from groundbreaking to certificate of occupancy.
The pieces that make up the policy.
Structure under construction
01
The building itself while it is being built, covered against fire, theft, vandalism and weather.
Materials & equipment
02
Materials on site, in transit and in temporary storage before they are installed.
Soft costs
03
Lost interest, fees and rent when a covered loss delays completion.
Completed-value limit
04
A limit set to the finished value of the project, so the policy can rebuild the whole thing.
Built for operators who can’t absorb the hit.
General contractors
Developers
Property owners
Anyone with a construction loan
Not sure it applies to you? Send us your operation and we’ll tell you straight whether this line belongs in your program.
Where this line earns its keep.
01
A fire hits the job site
Builders risk rebuilds the work in place and the materials lost, so the project isn’t paying twice to get back to where it was.
02
Materials are stolen before install
Coverage responds to materials taken from the site or lost in transit, a common loss on active jobs.
03
A loss delays the opening
Soft-cost coverage funds the extra interest, fees and lost rent a covered delay adds to the project.
Lines that often sit alongside it.
Builders Risk questions, answered.
Turn your risk into a plan.
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