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What is Builders Risk Insurance?


If you are online looking to get a quote for Builders Risk Insurance, you might want to learn a little more about what it is, what it covers, and who should buy builders risk coverage. Here, we explain everything you need to know before you buy a Builders Risk Insurance policy. 

Do you need to buy Buy Builders Risk Insurance

If you want to know what builders risk insurance is, the chances are you are about to embark on a construction project of some sort. Whether you are developing a site, building a new house, or upgrading an existing property, you will want to make sure your construction project and your property are covered, and your investment is adequately protected.

Builders Risk Insurance Explained

Also known as Course of Construction Insurance, a builder’s risk insurance policy is designed to protect your investments into the equipment and materials from any damage or loss. It protects the structures and the building while it is under the development or renovation phase, up until the point that the work is accepted by the client/property owner.

It actually covers many of the same things in a standard property insurance policy, such as damage caused by vandalism, theft, fire, wind, and other types of accidental damage or losses to the property. It serves to protect the property owner and the financing bank, along with any general or sub-contractors.

What Does Builder’s Risk Insurance Cover?

While different builders risk insurance quotes may offer slightly different terms, benefits, and exclusions, you can expect most to cover building materials, labor, and any equipment that is used throughout the course of the project. In some cases, this type of policy will even cover profit, along with any damage or loss to materials while in transit or storage.

Here is a quick list of the typical inclusions in a builders risk insurance policy.

  • Temporary Structures
  • Foundations
  • Cribbing
  • Wiring
  • Construction Signage
  • Underground Piping
  • Fixtures
  • Machinery
  • Trees, Plants & Shrubbery
  • Scaffolding
  • False Work
  • Debris
  • Fencing
  • Profits
  • Labor Expenses
  • HVAC Equipment
  • Fire and Theft
  • Vandalism

Disclaimer: This information has been written for the public as informational only. Since coverage varies from state to state, it is important to speak to a licensed insurance agent in your state.


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