Builders Risk Insurance
for Contractors
Protect Your Project During Construction
Get coverage that safeguards your structure, materials, and budget from fire, theft, weather, and more. Fast quotes. Nationwide coverage.
Same-day coverage available. Up to 25% savings when you bundle builder’s risk with liability insurance.
Why Do Contractors Need Builders Risk Insurance?
Construction projects come with serious risks—from fire and theft to severe weather. Builder’s risk insurance covers property damage during the course of construction, helping you avoid costly delays or financial loss. Think of it like a temporary property policy that protects your site, structure, and materials until the job is done.
At Affordable Contractors Insurance, we understand the specific risks builders face and offer policies designed to keep your project secure from start to finish.
What Does a Builder’s Risk Policy Cover?
Builders’ risk insurance is essential for contractors because it protects your project from unexpected losses and damages. Here’s what it covers:
- Property Damage: Covers damage to the structure under construction caused by fire, lightning, wind, hail, and other covered events.
- Theft and Vandalism: Protects against the theft of building materials, tools, and equipment from the job site, as well as damage caused by vandalism.
- Weather-Related Delays: Provides coverage for additional expenses due to severe weather that damages the project and causes delays.
- Materials and Equipment: Insures materials, equipment, and fixtures on-site, in transit, or temporarily stored elsewhere.
Why Do Contractors Need a Builder’s Risk Policy?
Without builder’s risk insurance, a single incident—such as theft, fire, or weather damage—can lead to costly setbacks, delays, and lost investments. Many clients and lenders require proof of coverage, and working without it puts your project and finances at serious risk.
- Essential for Protecting Projects Under Construction
- Meets Client and Lender Coverage Requirements
- Covers Unexpected Damages and Delays
Calculating the Cost of Builder’s Risk Insurance
Several factors affect your builder’s risk insurance premium, including:
- Project Type and Size: Larger or more complex projects typically have higher premiums.
- Location: Costs vary depending on the location and regional risks, like exposure to severe weather.
- Coverage Duration: Extended projects often require higher premiums or policy extensions.
Benefits of Builder’s Risk Coverage Through ACI
When you insure with Affordable Contractors Insurance, you get more than just a policy—you gain a proven partner who understands the demands and risks of construction projects.
- Same-Day Policy Binding – Get immediate coverage to protect your project from day one.
- Competitive Rates – Save up to 25% with affordable, customized policies for contractors.
- Flexible Policy Terms – Choose coverage terms that fit your project timeline.
- Dedicated Support – Our team assists with claims, renewals, and policy adjustments.
Who Qualifies for Builders Risk Insurance?
Builder’s risk insurance is for anyone with a financial stake in a project under construction or renovation. If you stand to lose money due to damage, you likely need coverage.
Builders risk policies are available to:
General Contractors
Construction Companies
Project Owners
Subcontractors
Lenders and Investors
Real Estate Developers
As long as the structure is under construction or renovation and you have something to lose if there’s a loss, you’re eligible for coverage.
Builders Risk Insurance:
What to Know
How Much Does Builder's Risk Insurance Cost?
The cost of builder’s risk insurance typically ranges from 0.5% to 4.5% of your total construction budget. Premiums depend on your project’s type, location, materials, and coverage limits.
How Long Should My Policy Last?
Builders risk insurance offers flexible terms—choose 3, 6, or 12 months to fit your project schedule. You can easily extend coverage if your timeline changes, or cancel once construction is finished so you never overpay.
Policy Limits and Claims
Your policy includes an overall coverage limit and often a per-incident cap. You can file multiple claims up to your policy’s total limit. For example, a $1 million policy with a $50,000 per-incident cap allows up to 20 covered incidents, as long as you haven’t reached the total limit.
Meeting Legal and Lender Requirements
Many cities, states, and lenders require builder’s risk insurance before work can begin. Our experts understand regional regulations and can help you meet every requirement with the right coverage.
Why Choose Affordable Contractors Insurance?
Our team makes insurance easy to understand—and even easier to buy. We’ll walk you through every step and make sure you never pay for coverage you don’t need.
- Nationwide Coverage
- Fast Online Quotes
- Flexible Payment Options
- Expert Support for Contractors and Builders
- Custom Policies for Any Project
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Builders Risk Insurance by State
Get Affordable Coverage Near You
We offer builders risk insurance in all 50 states, providing tailored protection for projects nationwide. No matter where your construction site is located, our team can help you find the right coverage to keep your project secure—every step of the way. Contact us for a local quote.