BuildersRisk.net

Who we are

• Independent agency concentrating on builders risk (course of construction) and property coverage.
• Represent more than 15 A-rated builders risk insurance carriers.
• Work with top national carriers that write the majority of builders risk policies in the U.S.
• Over 26 years of experience and more than 17,500 policies written.
• Coverage available in all 50 states, including high‑volume markets such as Florida, California and Texas.
• Experienced, licensed agents who understand state‑specific rules and when extra coverage (for example flood, earthquake or wind) may be needed.

Who we serve

We work with a wide range of clients who have a financial interest in construction, renovation or installation projects, including:

• Property owners
• Builders and general contractors
• House flippers
• Retail companies
• School districts
• Architects and engineers
• Developers and investors

What we offer

Our primary focus is builders risk insurance, but we can also help with related commercial policies, including:

• Contractors insurance
• Workers compensation
• Business owners policy (BOP)
• Commercial vehicle insurance
• Vacant building insurance
• Surety bonds

How we work

• Online quote process available 24/7 through BuildersRisk.net.
• Licensed agents shop multiple A‑rated carriers on your behalf.
• Quotes typically reviewed with you and finalized quickly, often allowing policies to be issued in under an hour (in many cases the same day).
• Policies designed for both residential and commercial projects, from small remodels to large ground‑up construction.

Example states and regions

BuildersRisk.net highlights service across the entire U.S., with examples including (but not limited to):

• Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho
• Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana
• Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island
• South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Types of projects served

BuildersRisk.net provides coverage for a wide range of construction and renovation projects, including:

• Residential projects (new homes, remodels, rehabs)
• Commercial projects (retail, office, mixed‑use and other commercial structures)
• Remodeling and renovation projects, both structural and cosmetic
• Installation projects where materials, equipment or fixtures are being added to an existing structure

If you do not see your specific city or project type listed, you can still contact BuildersRisk.net for a custom builders risk quote.

What builders risk insurance is

• Property insurance for buildings and structures during construction, renovation or installation.
• Applies to both residential and commercial projects.
• Intended to protect the financial interest of owners, contractors and other stakeholders in the event of covered damage or loss during the project.

Typical projects covered

• Ground‑up new construction
• Rehab and remodeling projects (structural and/or cosmetic)
• Installation projects where materials, equipment or fixtures are being added to an existing structure

What is commonly covered

Specific coverage depends on the carrier and policy form, but a builders risk policy commonly includes protection for:

• Building materials and supplies on‑site
• Construction materials in transit or temporarily stored off‑site
• Fixtures and equipment being installed (for example HVAC systems and elevators)
• Temporary structures such as scaffolding, cribbing, falsework, fencing and signage
• Labor costs associated with covered repairs
• Damage from fire
• Certain wind and storm events (subject to policy terms and any special deductibles)
• Vandalism
• Theft (where included by the carrier and policy)
• Plants and trees used in the project (where included by the carrier and policy)

Additional coverages that may be available

Some builders risk policies can include or add coverage for items such as:

• Debris removal after a covered loss
• Property replacement on a replacement‑cost basis up to the policy limits
• Building ordinance or law coverage related to certain code changes
• Contamination cleanup and removal after a covered loss
• Valuable papers and electronic data (for example blueprints and schematics)
• Profit earned to the date of a covered loss (where available for general contractors)

Availability and limits of these coverages vary by carrier and policy. The specific terms will be outlined in your quote and policy documents.

What builders risk insurance does not generally cover

While exclusions vary by policy, builders risk insurance typically does not cover:

• General liability for bodily injury or property damage to others
• Professional liability
• Intentional acts
• Normal wear and tear or faulty workmanship/design
• Certain natural perils such as earthquake or flood, unless specifically added

For liability coverage, contractors usually need a separate general liability policy. BuildersRisk.net can help you explore those options as well.

Lists Normal and Wyoming as a location. Names Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, and Delaware as a service area. Areas beyond these are not published.

• Policies often cost in the range of 1% to 4% (sometimes up to 5%) of the total construction value.
• A basic builders risk policy commonly has a minimum premium of around $700 for a 12‑month term for projects up to a stated value (for example around $200,000), subject to carrier underwriting.
• Exact premiums depend on your specific project details and the carrier's rating.

Key factors that influence cost

Carriers consider multiple factors when pricing a builders risk policy, including:

1. Location of the project

• Projects in coastal areas or regions prone to natural disasters (such as hurricanes or windstorms) usually have higher premiums.
• Being in a designated high‑risk area can increase premiums by a notable percentage compared to similar projects in lower‑risk regions.

2. Type of project

• Ground‑up new construction is often less expensive to insure than remodeling or rehab projects.
• Remodeling projects can cost significantly more due to the added risk associated with existing structures.

3. Construction type and materials

• Use of fire‑resistant or non‑combustible materials can help keep premiums lower.
• Wood‑frame or otherwise higher‑risk construction types generally lead to higher premiums.

4. Policy term and project value

• The total completed value of the project (excluding land) is a primary rating factor.
• Policy terms are often available in 3, 6, 9 or 12‑month increments, with the ability to renew if construction continues without claims.

5. Optional coverages and endorsements

• Adding options such as flood, earthquake or expanded theft coverage typically increases cost.
• Adding coverage for soft costs (for example architects, lawyers or expediters) or profit can also affect premium.

6. Fees and taxes

• Some non‑admitted carriers may charge policy fees and surplus lines taxes, which add a small percentage to the overall cost.

Getting a quote through BuildersRisk.net

• You can start with an online quick quote form to receive an estimated premium range.
• Licensed agents then shop multiple A‑rated carriers to obtain confirmed quotes, usually within a short time frame.
• You can review several options and choose the combination of coverage and price that fits your project.

Exact premiums, fees and taxes are determined by the carrier at quoting and binding time and will be confirmed in your specific proposal.

How to get a builders risk quote

BuildersRisk.net offers an online and phone‑based process to request builders risk insurance quotes.

Online quote

• Use the online quick quote form on BuildersRisk.net to submit basic project details.
• The form provides an instant estimated quote in many cases.
• Licensed agents then shop multiple A‑rated carriers and send confirmed quotes to you by email, typically within a short time frame.

Phone support

• You can call BuildersRisk.net at (877) 960‑0221 for assistance with quotes, questions about coverage, or help completing your application.
• Agents are described as being available 24/7 and focused on builders risk and related construction insurance.

After you receive your quotes

• Review the proposals and select the option that best fits your coverage needs and budget.
• Choose your preferred payment option as offered by the carrier.
• Once bound, policies are often issued quickly, with certificates commonly available the same day in many cases.

General inquiries

• For general questions about builders risk insurance, eligibility, or policy details, you can:
• Call (877) 960‑0221, or
• Use the contact form on the BuildersRisk.net website to send a message to the team.

Exact response times and processing times are determined by the agency and carriers and may vary by workload and project complexity.

Subject to carrier availability and underwriting, BuildersRisk.net can assist with:

• Contractors insurance – general commercial coverage tailored to contractors.
• Workers compensation – coverage for employees' work‑related injuries and illnesses, where available.
• Business owners policy (BOP) – packaged property and liability coverage for eligible small businesses.
• Commercial vehicle insurance – coverage for business‑owned or used vehicles.
• Vacant building insurance – coverage for certain vacant structures.
• Surety bonds – selected bond options related to construction and contracting.

Post‑construction coverage

When a builders risk policy ends because construction is complete, other policy types are usually needed to protect the finished building. BuildersRisk.net notes common post‑construction options such as:

• Homeowners insurance (for occupied residential properties)
• Landlord policies (for rental properties)
• Vacant building or vacant home insurance (for unoccupied structures)

Availability, eligibility and pricing for these additional products depend on carrier guidelines and the specific details of your business or property. Exact options will be outlined in the quotes provided at the time you request coverage.

• Builders risk insurance is generally not required by law, but many clients or lenders will insist on it.
• Clients often require proof of builders risk because it shows you will protect their property during construction.

What is co‑insurance in a builders risk policy?

• Projects are typically required to be insured to 100% of their replacement cost (not market value and not including land).
• If you insure for less than 100% of replacement cost, a co‑insurance penalty may apply in the event of a claim, reducing the amount paid.

Are "soft costs" included?

• Costs for professionals such as architects, lawyers or expediters are not automatically covered under a standard builders risk policy.
• These soft costs can often be added by endorsement for an additional premium.

Does builders risk insurance provide liability coverage?

• Standard builders risk policies cover property damage to the insured project.
• They do not provide general liability coverage for bodily injury or damage to others.
• Contractors typically need a separate general liability policy for liability protection.

Does builders risk insurance cover theft?

• Coverage for theft varies by carrier and policy.
• Some policies limit theft coverage or exclude it; others include broader theft protection.
• BuildersRisk.net works with carriers that can offer theft coverage where available and appropriate.

How long does a builders risk policy last?

• Policies are commonly written for 3, 6, 9 or 12 months.
• If there are no claims and the project is still in progress, policies can often be renewed.
• If a project continues beyond about two years, renewal may become more difficult and subject to additional underwriting.

Can I change the limit if the project cost increases?

• If the project becomes larger or more expensive than originally planned, it is usually possible to increase the coverage limit, subject to carrier approval. You would contact your agent to request this change.

Can I cancel my builders risk policy and get money back?

• Many builders risk policies are written as "one‑shot" policies, which means there may be no return of premium if the policy is canceled early.
• Some carriers offer minimum earned premium terms where you pay a minimum percentage and may receive a partial refund of the remainder if canceled. Exact terms depend on the carrier and policy.

Who is paid if there is a covered loss?

• When there is a lender or mortgage company on the project, claim payments are typically made to the lienholder/mortgage company, which then releases funds as repairs or rebuilding progress.

Is wind, hail, or other natural disaster damage covered?

• Coverage for wind, hail, rain and other natural disasters varies by state and carrier.
• In many coastal or tornado‑prone states, wind and hail may be excluded or subject to a special percentage deductible.
• Lenders in high‑risk areas may require that this coverage be included or specifically addressed.

Who can buy builders risk insurance?

• Eligibility requirements vary by carrier, but typically:
• The insured must have an insurable interest in the project.
• Builders or contractors are often required to have a minimum level of experience (for example, at least two years in the relevant trade).
• When applying, you must provide key details about the project; a BuildersRisk.net agent can explain exactly what is needed.

What happens when the project is finished?

• Once construction is complete:
• Residential projects usually transition to a homeowners policy once occupied.
• If a home or building will be vacant for an extended period, a vacant home or vacant building policy is typically required.
• BuildersRisk.net can help you explore appropriate post‑construction coverage options.

Ask anyway — the agent will say plainly that it is not published rather than guess.