Builder’s Risk Insurance
Construction projects are full of opportunities and risks. At Executive Choice Insurance, we help contractors, builders, and property owners protect their investments with Builder’s Risk Insurance specialized coverage designed to safeguard your projects from unexpected losses during construction. With fast quotes, tailored solutions, and expert guidance, we make sure you’re ready for whatever challenges the job site brings.
What Is Builder's Risk Insurance?
Builder’s Risk Insurance, sometimes called course of construction insurance, is a specialized property insurance policy that covers buildings, materials, and equipment while they’re under construction or renovation.
It’s designed to protect against financial losses from events like theft, fire, vandalism, or weather damage during a project, ensuring that work can continue without devastating financial setbacks.
Why Builder's Risk Coverage Is Important
Construction projects are exposed to more risk than completed buildings. Without proper coverage, one incident can cause major delays, cost overruns, or even project failure. Builder’s Risk Insurance is essential because it:
Protects your investment
Covers materials, equipment, and labor costs from covered events.
Keeps projects on track
Helps pay for repairs or replacements after a loss, minimizing delays.
Satisfies lender or contract requirements
Many lenders and project owners require proof of builder’s risk coverage before work begins.
Provides peace of mind
Ensures all parties, owners, contractors, and subcontractors are financially protected.
With Executive Choice Insurance, you get the coverage you need to keep your projects secure from groundbreaking to completion.
What Does Builder's Risk Insurance Cover?
Property Damage
Covers direct physical damage to the building or structure under construction, including damage to foundations, scaffolding, or temporary structures.
Theft and Vandalism
Protects against stolen materials or equipment and damage caused by vandalism at the job site.
Fire and Weather Events
Provides coverage for fires, lightning strikes, windstorms, hail, and some other weather-related events (subject to policy terms).
Materials and Supplies
Covers building materials and supplies stored onsite, in transit, or temporarily stored offsite, ensuring they’re protected before they’re installed.
How Much Does Builder's Risk Insurance Cost?
The cost of Builder’s Risk Insurance varies based on several factors, including:
- Project type, size, and value
- Location and site security
- Construction materials and methods
- Coverage limits and duration
- Claims history and deductible choice
On average, premiums range from 1% to 5% of total construction costs. At Executive Choice Insurance, we work with top-rated carriers to deliver competitive quotes customized to your project’s needs and budget.
Who Needs Builder's Risk Insurance?
Builder’s Risk Insurance is essential for a wide range of parties involved in construction projects, including:
General contractors
Subcontractors
Property owners
Developers
Lenders
Architects or engineers with financial interest in the project
If you’re involved in building, renovating, or expanding a property, this coverage is critical to protecting your financial investment.
Why Choose Executive Choice Insurance for Builder's Risk Coverage
Contractors and project owners trust Executive Choice Insurance because we deliver the following:
Deep industry expertise
We understand construction risks and the details that matter.
Tailored policies
We customize coverage to your project’s size, scope, and timeline.
Fast, competitive quotes
We shop top carriers to secure the best rates.
Responsive service
We’re here to help with COIs, policy updates, and claims quickly and professionally.
Long-term partnership
As your projects evolve, we help adjust your coverage to keep you fully protected.
With Executive Choice Insurance, you get more than a policy; you get a partner invested in your success.
FAQs About Builder's Risk Insurance
Typically, coverage lasts for the duration of the construction project, often 3 to 12 months, with extensions available if needed.
Owners, general contractors, subcontractors, and sometimes lenders or architects can be named insureds or additional insureds.
Builder’s risk usually covers materials and structures, but tools and equipment often require separate inland marine insurance.
Common exclusions include employee theft, faulty workmanship, wear and tear, and certain weather events like earthquakes or floods (unless added).
Get a Free Builder's Risk Insurance Quote Today
Protect your next project from start to finish. Contact Executive Choice Insurance today for a free, no-obligation quote, and let us help you secure the builder’s risk coverage you need to keep your construction projects running smoothly.
Contact Executive Choice Insurance today and empower your business with the right protection. When you’re covered, you’re unstoppable.
Coverage availability, limits, costs, and legal requirements may vary by state, industry, insurer, and project type. This content is for informational purposes only and does not constitute legal or insurance advice. Please consult with Executive Choice Insurance to discuss your specific business needs and receive tailored guidance.