Builder’s Risk Insurance

Heavy construction equipment on a jobsite

Builder’s Risk Insurance

From ground up builds to major renovations, Builder’s Risk insurance helps protect construction materials, labor costs and temporary structures from covered losses.
 
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Heavy construction equipment on a jobsite

What Is Builder’s Risk Insurance?

Midsize and large construction businesses face risks such as theft, fire, weather damage and jobsite losses. As a form of inland marine insurance, Builder’s Risk coverage helps address specialized property exposures for buildings and structures being built, renovated or repaired, reducing the financial impact of unexpected setbacks.
 

What Does Builder’s Risk Insurance Cover?

A Builder’s Risk policy for midsize and large businesses from The Hartford may include coverage for:

Construction Materials and Supplies

Builder’s Risk insurance can help protect construction materials and supplies while they are located at the jobsite, in transit or temporarily stored off-site.

Labor Costs and Profits

Builder’s Risk coverage may extend beyond materials and equipment to help cover labor costs and, in some cases, earned profits related to a covered loss.

Temporary Structures

Coverage may include protection for certain temporary structures, such as scaffolding, fencing, cribbing and falsework.

Debris Removal

Builder’s Risk insurance can help cover the cost of debris removal following a covered loss, allowing work to resume more quickly.

Property of Others

Coverage may help protect materials or property owned by others while they are located at the construction site.

Testing Coverage

Builder’s Risk insurance can help cover losses that occur while newly installed equipment is being tested.
 

Who Needs Builder’s Risk Insurance?

Builder’s Risk insurance is commonly purchased by:
 
  • General contractors
  • Subcontractors
  • Property owners
  • Developers and project sponsors
  • Construction managers
Builder’s Risk coverage can help protect the financial investment associated with commercial builds, residential developments and major renovation projects while work is in progress.
 

How Builder’s Risk Insurance Works

Builder’s Risk insurance is typically written for the duration of a specific project. Coverage generally ends when one of these situations occurs:
 
  • The project is completed
  • The building is occupied or opened for its intended use
  • The policy term expires
As construction risks vary from one project to another, Builders Risk coverage can be structured to align with the scope, timeline and exposures of each project.
Person in a hard hat inside a building under construction

Why Choose The Hartford?

With over 200 years of deep experience in construction and commercial insurance, The Hartford makes it easier to manage risk and keep projects moving forward with confidence.
Builder’s Risk insurance offers:
  • Coverage designed for midsize and large business construction and installation projects
  • Flexible options based on project characteristics
  • Support from knowledgeable underwriters and claims professionals

Frequently Asked Questions About Builder’s Risk Insurance

Builder’s Risk insurance is a type of inland marine insurance that helps cover physical loss or damage to buildings or structures while construction, renovation or repair is in progress.
Yes. Builder’s Risk insurance is typically written as inland marine coverage and is included within The Hartford’s inland marine solutions.
Builder’s Risk coverage may apply to buildings and structures under construction, along with certain construction materials, supplies and temporary structures used at the jobsite.
Builder’s Risk insurance can include coverage for construction materials while in transit and while temporarily stored off-site, depending on policy terms and conditions.
Builder’s Risk coverage can include certain temporary structures used during construction such as scaffolding, fencing, cribbing and falsework, subject to policy terms and limits.
Builder’s Risk insurance can help cover physical loss caused by certain types of testing performed on newly installed equipment, with additional testing coverage available for broader exposures.
Builder’s Risk insurance is typically written for the duration of a specific project and may end at completion, occupancy or the end of the policy term, depending on policy provisions.

Insights To Help Navigate Inland Marine Risks