Builder’s Risk

Builder’s Risk is a property policy that addresses physical damage to a project during the course of construction. Builder’s Risk coverage can be provided on both a project-specific and rolling basis. Coverage extensions within the form include materials at an off-site storage facility, materials in transit, debris removal, and pollutant cleanup and damage to existing property.


  • Single policy insuring the entire project from loss
  • Coverage for uncontrollable exposures such as Coastal Windstorm, Flood, and Earthquake
  • First-party policy coverage providing expedient payment to keep project progressing on-time
  • Insured status for Owner, Lender, Mortgage Holder, Contractor, and all Subcontractors on job.


  • Policy Term: Life of project for project-specific policies.
  • Annual rates are offered for rolling programs covering all projects enrolled in the annual term until project completion.
  • Limits of Liability: $600M per project for all other perils, $600M in terrorism (TRIA), $400M flood, $100M Earthquake and Coastal windstorm.
  • Lower limits may apply for specific projects such as residential frame.
  • Retentions: Project specific.
  • Premiums: Varies by type of construction.
  • Policy Forms: Coverage is provided on an all-risk property form including coverage for windstorm, flood, earthquake and terrorism.

Builder’s Risk policies can be endorsed to include labor and reasonable profit in the event of a loss. Additional endorsements can be added to provide coverage for declared soft costs.

Request More Information:

Contact TSIB Today