Home / Commercial / Builders Risk

Builders Risk

A 50-unit condominium under construction was recently destroyed in a fire with damage estimated at $20 million

The risk of property damage on a construction site is a significant concern for project owners, building owners, developers, contractors and subcontractors. This damage can result in severe, unexpected costs which can delay the building process or halt it entirely. Builder’s Risk Insurance (often referred to as Course of Construction, Construction All Risk, and Contractor’s All Risk Insurance) provides a specialized form of insurance designed to insure buildings or projects against repair or replacement costs while they are under construction and, in some cases, for a specified period afterwards.

Coverage Details and Features

  • Residential or commercial ground-up construction or renovation
  • Corporate Named Insured’s are eligible including Trust’s and LLC’s
  • Up to $1M liability offered with a licensed/insured contractor (higher liability limits available)
  • Protection class 9 and 10’s eligible
  • Theft of Building Materials up to $100,000 or higher
  • Minimum coverage A of $50,000 or higher with no maximum limit
  • Mountain and brush properties are eligible
  • Different term options available
  • Non-licensed General Contractors with construction experience considered
  • Owners acting as the General Contractors can be considered

Additional Features

  • Can be written for renovations including structural renovations
  • Property Coverage available in basic, broad, or special form
  • Reimbursement available in the form of replacement cost or actual cash value
  • Property Coverage includes building plus renovations

Target Classes

(including but not limited to)

  • Contractors
  • Construction
  • Project Owners
  • Building Owners
  • Developers
  • Contractors
  • Subcontractors

At Burns & Wilcox our expertise becomes your expertise. Our marketing materials are designed to help you give your clients what they want to hear – yes to almost any hard-to-place-risk.

Applications for this product may vary. Please click below to find the office nearest to you for assistance.

Office Locations