Contractor Insurance

Illinois Builders Risk Insurance

If you are a general contractor or property owner constructing a new building or renovating an existing structure, you can benefit from getting builders risk insurance. Illinois builders risk insurance will protect you against any loss to your construction project brought about by any damage sustained during the construction process.

Also commonly referred to as course of construction insurance, builders risk insurance Illinois is designed to protect you against any loss or damage to your building during renovation or construction. Since Illinois builders risk insurance is not considered a standard policy, coverage can vary from one provider to another.

Aside from damage to the building, some Illinois builders risk insurance policies cover temporary structures, data and documents, and the materials used. When a facility or property is built, multiple parties will often have an ‘insurable interest’ in the property. If you have an insurable interest, you have a financial stake in the property.

Illinois builders risk insurance is designed to protect your construction project from vandalism, catastrophes, and natural disasters. Whether you are building a new residential complex or renovating an existing one, we can help.

Our experienced and knowledgeable risk managers can provide expert guidance so you can invest in the builders risk insurance that suits you and your business best. Custom home builders, general contractors, and property owners should also get Illinois builders risk insurance to ensure their projects are adequately protected.

Normally, Illinois builders risk insurance is required to meet contractual arrangements and comply with government regulations. Aside from expert and friendly guidance, our helpful risk managers can also help you identify other threats you might need to cover through additional policies.

Builders Risk Insurance Illinois

Getting an Illinois builders risk insurance is easy. However, finding the right limit, type, and coverage can be challenging. This is where we come in. Our competent, experienced, and approachable risk managers have a clear understanding of the construction industry and the associated risks.

Illinois builders risk insurance coverage is typically written on an all-risk basis. The same applies to properties located at off-site storage, those in transit, and those found at the construction site.

What Illinois Builders Risk Insurance Covers

Your Illinois builders risk insurance can be structured to cover the following:


Illinois builders risk insurance can cover the building and the structures found on the premises. This includes foundations, machinery, equipment, and fixtures that are used to service the facility or building. Your builders risk insurance Illinois can also cover the supplies and building materials that are considered a permanent part of the construction project.

Equipment Breakdown

This will cover any damage to the covered property caused by mechanical breakdown, explosion of steam boilers, and artificially generated current that damages any covered equipment.

General Liability

General liability coverage protects you against legal liabilities caused by the enforcement of municipal laws and ordinances that regulate the repair or construction of damaged buildings brought about by an insured loss.

Modular Components

Typically, businesses will store their costly and important materials and equipment in off-site modular units. Illinois builders risk insurance covers modular units and components that are in transit or used as temporary storage.


Construction businesses and contractors typically test out newly installed equipment. In the event of a physical loss caused by electrical, hydrostatic, pneumatic, and mechanical testing, your Illinois builders risk insurance will cover the cost of the loss.

Valuable Papers and Electronic Data

When doing business, contractors and construction companies often rely on blueprints, schematics, and other paper and electronic documents. Builders risk insurance Illinois provides compensation to replace, restore, and research important documents and electronic data that are lost in the covered risk.


Aside from labor, material, and equipment, builders risk insurance Illinois also covers profits. With this type of coverage, you can get a pro-rata reimbursement of the profit you have earned as of the date of the loss.

Identity Restoration

This coverage is for those business owners who are victims of identity theft.

Why Builders Risk Insurance is Important

If you use materials that are susceptible to damage or work in an area prone to severe weather, you should consider getting builders risk insurance a must. It is also important that you pick the right coverage that can protect you from any unforeseen risks. Our knowledgeable and experienced commercial insurance brokers can help you pick the right type and coverage for you.

Cost of Builders Risk Insurance

The average builders risk insurance Illinois policy costs around one to four percent of your total construction cost. However, it will also depend on the type of coverage you are getting and the exclusions of the property. When you work with our competent risk managers, your claims are expedited, and we will address other claims you may be entitled to.

We are Your Ultimate Choice for Builders Risk Insurance in Illinois

If you are looking for the best builders risk insurance in Illinois, we are your best option. Our insurance professionals would also be more than happy to answer any questions you have so the decision-making process is easier for you.

We are considered the most affordable and the number 1 contractors insurance provider, with good reason. Our 96.4% client retention rate is a testament to the superb service we provide.

Aside from our exceptional coverage, we also offer exclusive programs to our valued clients. Call us at 888-505-9012 or fill out our form, and you will get your free competitive insurance quote in minutes!

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