Contractor Insurance

Oklahoma Builders Risk Insurance

Builders risk insurance is also commonly known as course of construction insurance. It is a unique property insurance that provides a layer of protection for buildings under construction. Builders risk insurance Oklahoma protects against loss or damage to buildings during renovation or construction.

Builders risk insurance is not a standard policy, so coverage can vary from one provider to another. Some policies can extend to temporary structures, materials used in the construction, and documents and data, depending on the coverage you are getting and the provider you have chosen.

When a building or facility is built, multiple parties can have an ‘insurable interest’ in the property. There’s the building owner, general contractor, and subcontractors. When you have an insurable interest in a property, it means you have a financial stake in the building.

Builders risk insurance in Oklahoma protects construction sites from vandalism, natural disasters, and catastrophes. Whether you are building a new facility or a new residential complex, our competent and experienced risk managers can help you and guide you with your builders risk insurance needs.

General contractors, property owners, and custom home builders can obtain builders risk insurance to ensure that business or personal projects under construction are protected. Typically, Oklahoma builders risk insurance is also considered a condition to meet contractual arrangements or comply with government regulations.

Builders Risk Insurance Oklahoma

Georgia builders risk insurance can be easily obtained. However, picking the right policy type, coverage, and limits will require an in-depth understanding of the industry and the associated risks.

Fortunately, our expert risk managers would be happy to help. Often, coverage is written on an all risks basis. Usually, this also applies to properties at the construction site, those in transit, and those located in off-site storage.

What Oklahoma Builders Risk Insurance Covers

Oklahoma builders risk insurance can be structured to cover the following:


Builders risk insurance in Oklahoma can cover buildings and the structures on the premises. This can also include foundations, machinery, fixtures, and equipment used to service the facility or building. It can also include the supplies and the building materials considered a permanent part of the project.

Equipment Breakdown

This can include damage to covered property caused by the explosion of steam boilers, artificially generated content, and mechanical breakdown that causes damage to covered equipment.

General Liability

This protects you against legal liabilities caused by personal injury, property damage, and advertising injury to others.

Ordinance and Law

Ordinance and law cover the cost of rebuilding and repair damage caused by ordinances or municipal laws that regulate the construction or repair of damaged buildings brought about by an insured loss.

Modular Components

Often, businesses keep costly and important equipment and materials in off-site modular units. Oklahoma builders risk insurance can cover modular components and units used in transit or as temporary storage.


Construction businesses and contractors typically test out any newly installed equipment. If there is physical loss caused by mechanical, hydrostatic, pneumatic, and electrical testing, builders risk insurance Oklahoma can cover the cost of the loss.


Aside from material, equipment, and labor, Oklahoma builders risk insurance can also cover profits. This insurance coverage also ensures the contractor gets a pro-rata reimbursement of the profit they made as of the date of the loss.

Identity Restoration

This covers business owners who are victims of identity theft.

The Importance of Builders Risk Insurance

If you work in an area prone to severe weather or the materials you use are susceptible to damage, Oklahoma builders risk insurance would be a wise investment. It is also crucial that you choose coverage that can protect your investment from any unforeseen risks. Our experienced and knowledgeable commercial insurance brokers can help you pick the amount and type of builders risk coverage that suits you best.

Builders Risk Insurance Cost

On average, builders risk insurance policy can cost around one to four percent of the total construction cost. However, you need to also factor in the exclusions of the property and the type of coverage you are getting. When you work with us, we will ensure any claims are expedited, and other possible claims are addressed during the construction process.

We Are Your Best Choice for Builders Risk Insurance in Oklahoma

If you are looking for the best builders risk insurance in Oklahoma, we are your best choice! Our insurance professionals can help you obtain the most suitable builders risk insurance coverage that will suit your needs. We will also gladly address any questions you may have to help make the decision process easier for you.

We have been hailed as the #1 and the most affordable insurance provider for many years now, and with good reason. Our impressive 96.4% client retention rate alone is proof of the incomparable service we provide. Aside from exceptional coverage, you can also avail of exclusive programs for our valued clients.

Give us a call at 888-505-9012 or fill out the form, and we will have your free competitive insurance quote ready in just minutes!

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