Builders’ risk insurance in New York costs between 1% and 4% of total project value, but NYC projects consistently land at the high end of that range. Constance Sung breaks down what drives the cost, what the policy excludes, and what NY contractors and developers get wrong most often.

Builder’s risk insurance protects your construction project from unexpected losses, but premiums can add up quickly. This guide outlines the main factors that affect costs, such as location, materials, and safety practices. It also provides practical strategies to lower expenses while ensuring strong protection.

Construction projects come with risks—from fire and theft to legal liability. Explore how Builders Risk and Owners Interest Insurance collaborate to safeguard property owners from expensive setbacks. This coverage ensures peace of mind throughout every stage of construction.

Major renovations require a considerable investment. Obtaining the right insurance safeguards your home and finances. This allows you to concentrate on the creative elements of your project. Careful planning, thorough documentation, and teamwork with insurance and construction experts lead to a smooth and secure renovation experience.