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Illustrated open construction lot framed by a scaffolded timber-framed house on the left and a tower crane on the right, with stacked lumber under a purple tarp beside the crane mast

Builder’s risk insurance

your project, covered until it’s done.

Fire, storms, theft and materials on the way to the site. Builder’s risk covers the project while it goes up, for owners and contractors.

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MARKETS WE PLACE THROUGH

Progressive Commercial
Chubb
Travelers
Nationwide
AmTrust
CNA
biBerk
ERGO NEXT
THREE

every stage of the build, covered.

Fire, theft, storms and materials in transit. Tap around the site to see what’s covered, and what isn’t.

Illustrated construction site with a fire-scorched timber frame, storm-toppled roof trusses, copper pipe and wire spools under a purple tarp behind a chain-link fence, a flatbed truck loaded with windows, a site trailer and a portable toilet

covered

A fire hits the frame

Rebuild costs for the project.

covered

Materials get stolen

Copper, lumber and supplies on site.

covered

A storm knocks down framing

Repairs so the job keeps going.

usually covered

Materials on the way

Up to a set limit in transit.

covered

A fire hits the frame

Rebuild costs for the project.

Examples. Your policy sets the details.

damage on site?
make one call.

We file the claim with the project budget and photos, then follow it until you’re paid.

  1. 1. Call us from the site

    Send photos and tell us what happened.

  2. 2. We file it

    Photos, invoices and the project budget go to the carrier.

  3. 3. We push it through

    Repairs and replacement materials, followed to the end.

the best price, without the shopping.

Tell us about your business once. We compare the market and bring back your options, side by side.

Harbor Homes

your options

$4,300for an $850K build

3 options, same coverage

Option A$4,300

Option B$4,900

Option C$5,600

New buildNashville, TN$850K project9 months
compare your options
same
coverage,
best price
get startedAlready insured? Send your policy

switching takes one signature.

Keep your broker until the numbers say move. We do the paperwork.

  1. 1. Send your policy

    Your current policy is enough. No forms.

  2. 2. We compare

    Coverage, service and price, side by side with today’s options.

  3. 3. You choose

    Stay or switch. If you switch, we handle the paperwork.

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Put them on one program and we shop them together at every renewal.

good to know.

Straight answers about builder’s risk.

What does builder’s risk insurance cover?
Builder’s risk covers a building while it’s under construction or renovation. It typically covers fire, wind, theft and vandalism, plus materials on site and often in transit. It pays to repair or replace the work and materials so the project can continue. Flood, earthquake and faulty workmanship are usually excluded.
Who buys builder’s risk, the owner or the contractor?
Either one, depending on the contract. On many new builds the owner buys it, while general contractors often buy it on commercial projects. The construction contract usually says who’s responsible. Both parties can be named on the policy.
How much does builder’s risk insurance cost?
Usually a small percentage of the total construction cost, depending on the project type, location, construction materials and length of the build. Wood frame projects and coastal locations typically cost more. Security measures on site can help lower the price.
When does builder’s risk coverage end?
Typically when the project is finished, occupied or put to its intended use, or when the policy term ends, whichever comes first. If a project runs long, you usually need to extend the policy. Once complete, the building moves to a regular property policy.
Does builder’s risk cover theft of materials?
Usually, yes. Most builder’s risk policies cover theft of materials and supplies on site, like lumber, copper and fixtures, that will become part of the building. Tools and equipment are typically excluded and need their own coverage. Some policies require fencing or other security.

Insurance words, in plain English: inland marine · coinsurance · replacement cost vs actual cash value

see what your
program is missing.

Most have gaps. Find yours with a policy review.

get startedor call 802-GOT-RIZA