Business Insurance

Builders Risk Insurance

Course-of-construction coverage protecting buildings under construction or major renovation — including materials staged on-site or awaiting transport.

Looking for Builders Risk Insurance in Bluffton?

Builder’s Risk Insurance, which some refer to as Course of Construction Insurance, is a form of commercial property insurance which covers a building where the building or insured area is presently being constructed or heavily remodeled.

It can cover just the structure, or also the materials on site waiting to be installed or transported to the job site.

The builder’s risk insurance policy will pay for damages up to the coverage limit in the policy. The limit must accurately reflect the total completed value of the structure (all materials and labor costs, but not including land value).

The construction budget is the best source for determining the appropriate limit of insurance.

Builder’s Risk insurance policies can often be purchased in terms of three-months, six-months, or 12-months. If the project is not completed by the end of the initial policy term, it can often be extended, but usually only one time.

How much does a Builder’s Risk Insurance cost?

The builders risk policy will provide coverage for damage done to the insured structure from a wide variety of events.

Damage from the following events will be covered by most policies:

  • Fire
  • Wind (may be limited in coastal areas)
  • Theft
  • Lightning
  • Hail
  • Explosion
  • Vandalism
  • Vehicles/Aircraft

You should read your course of builder’s risk insurance policy to be familiar with its limitations and exclusions. Limited coverage is provided for collapse.

Standard exclusions include:

  • Earthquake
  • Employee theft
  • Water damage
  • Weather damage to property in the open
  • War
  • Government action
  • Contract penalty
  • Voluntary parting
  • Mechanical breakdown

An important exclusion which should be read in its entirety excludes coverage for damage resulting from faulty: design, planning, workmanship and materials. Earthquake and flood coverage may be purchased in some areas.

How to get started on your Builders Risk quote

You can either call our office, or start your quotes below, and submit some basic information. Either way, we’ll make the process as simple as possible!

Ready to get started?

Start Your Quotes Today

Enter some basic information below to get the process started.

Frequently asked questions

What does builders risk insurance cover?
Also called course of construction insurance, it protects buildings under construction or major renovation, including the structure itself and materials staged on-site or awaiting transport. Most policies cover perils like fire, wind, theft, lightning, hail, explosion, vandalism, and vehicle or aircraft damage.
How much coverage do I need?
The total completed value of the structure — including all materials and labor but excluding land — determines the appropriate limit. The construction budget is the best source for setting that limit.
What's typically excluded?
Standard policies generally exclude earthquake, employee theft, water damage, weather damage to exposed property, war, government action, contract penalties, voluntary parting, and mechanical breakdown. Importantly, damage from faulty design, workmanship, or materials is excluded — though earthquake and flood coverage may be available in some areas.

Related coverage

Contractors Insurance

Liability and coverage built around your trade — general liability, completed operations, and the extras that protect you from job-site and contract risk.

Commercial Property Insurance

Protects your building and its contents — and the lost income that follows damage. Covering only the structure often isn't enough.

Ready to talk it through?

Tell us a little about what you need and one of our agents will reach out. We'll shop your coverage and come back with real options.

Request a Quote (833) 414-3040