Builder’s Risk Insurance
Protect Your Construction Project from Start to Finish
Builder’s Risk Insurance, also known as course of construction insurance, is vital coverage. It protects buildings and construction projects that are currently in progress. Think of it as the backbone of your construction risk management strategy.
What Is Builder’s Risk Insurance?
This specialized property insurance safeguards projects against physical loss or damage during construction. It is specifically designed to tackle risks often faced during construction. These include fire, theft, vandalism, and damage from natural disasters.
Coverage Snapshot
Builder’s Risk Insurance typically includes:
Buildings and structures under construction
Materials, equipment, and supplies — whether on-site, in transit, or stored temporarily
Protection against losses caused by:
Fire, lightning, hail, explosions
Theft, vandalism
Acts of God (e.g., hurricanes, windstorms)
Did You Know?
Builder’s risk insurance is often required before starting a construction project
Each construction project is unique. Therefore, you can extend your policy to cover other materials, like scaffolding and temporary structures
A builder’s risk insurance policy is a temporary insurance plan. It usually begins on the date the contracts are signed. It is also important to know when the coverage ends.
Who Should Consider Builder’s Risk Coverage?
Coverage is critical for anyone with a financial stake in the project, including:
Property Owners & Developers
General Contractors & Subcontractors
Lenders, Architects, and Engineers
Covered Extensions & Soft Cost Protection
Builders often customize their policies with valuable add-ons like:
Soft Costs Coverage: Lost rental income, additional loan interest, extended taxes, or administrative expenses due to a delay
Extensions: Scaffolding, temporary structures/forms, debris removal, pollutant cleanup
Common Exclusions to Watch For
Builder’s Risk policies often exclude:
Wear and tear, employee theft, rust, or mechanical breakdown
Faulty design, materials, or workmanship
Earthquake, flood, or wind-only zones (endorsements may be available)
Acts of terrorism or war
Cost & Policy Duration
Premiums depend on:
Project type and materials
Insured values and chosen limits
Whether coverage includes soft costs or custom extensions
Policies typically begin on contract signing and end when the project is completed, occupied, or the policy term expires.
Builders risk insurance is a crucial protection for contractors and construction professionals. It covers damage to your work in progress, materials, and equipment during every phase of construction—including demolition, renovations, and repairs. This insurance is often required by lenders and is tailored to specific projects and locations. From protecting against fire and vandalism to ensuring compliance with loan requirements, builders risk insurance gives contractors the security they need to complete projects with confidence. Learn the 7 key facts every contractor should know to make sure your business is properly covered.
Get a Builder’s Risk Insurance Quote Today
Protect your investment during construction. At BlueRock Insurance Services, we make it fast and easy to secure a tailored Builder’s Risk Insurance policy.
Customized coverage built around your project
Fast, no-obligation quotes
Expert guidance every step of the way
Fill out the form below to get started.
Why BlueRock Insurance Services?
We specialize in construction insurance solutions across NY, NJ, CT, PA, and MA. Our team helps you:
Identify project-specific exposures
Choose the right coverage and endorsements
Understand policy triggers and coverage timelines
Ensure there are no dangerous gaps in protection
Builder’s Risk Insurance FAQs
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Builder’s Risk Insurance protects construction projects and property under construction from damage, theft, vandalism, or natural disasters. It ensures financial protection during the building phase.
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Anyone with a financial interest in a construction project, including property owners, developers, general contractors, subcontractors, lenders, and architects.
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Standard coverage includes buildings under construction, materials, supplies, and equipment. Optional extensions can protect soft costs, scaffolding, temporary structures, debris removal, and pollutant cleanup.
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Common exclusions often include normal wear and tear, employee theft, rust or corrosion, and mechanical breakdowns. Additionally, faulty design or workmanship, acts of terrorism or war, and specific natural disasters are typically excluded unless specifically endorsed.
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Contact BlueRock Insurance Services with your project details. Our experts will provide a customized quote tailored to your project’s size, materials, and risk exposures.
Obtaining a business insurance quote can be a straightforward process. By gathering essential information—such as your operations, payroll, and claims history—you can expedite the process. This preparation helps you find coverage that safeguards your company at a competitive rate.