Builder's risk,
compared per project.
Tell us about the project in one short application. A licensed agent takes it to carriers that write construction and shows you what each policy pays for, not just what it costs.
- One short application — only the questions builder's risk carriers ask
- Compared on terms, not just price — soft costs, theft, weather, deductibles
- About 10 minutes of your time — a licensed agent handles the rest
Sample figures for illustration
Client results
Real projects. Real savings.
Same approach every time: split the coverage where it helps, then make carriers compete for each piece.
Single-family home builder
~60%saved per homeWe divided the builder's coverage into separate pieces and shopped each one across multiple carriers, instead of pricing it as one bundle.
Single-family investor
2×coverage period~$100saved per homeSame method: divided and shopped. The investor got twice the time covered on each home, and paid less for it.
Townhome developer
20%saved on coverage5 carriers comparedWe took the developer's coverage to five carriers and lined the offers up side by side.
Results reflect specific clients' situations. Savings vary by project, location, and underwriting. Coverage is subject to underwriting and policy terms.
How we place builder's risk
Your part takes about 10 minutes.
One short application with only the questions builder's risk carriers ask. You fill it in once, and we take it to every carrier that fits.
Tell us about the project.
Address, project type, construction type, completed value and when work starts. That's what every carrier asks first.
Add what sets the price.
Soft costs, site security, lender or contract requirements, and the deductible you're comfortable with. Nothing goes to a carrier until you approve it.
Pick how you want options back.
Choose any add-ons like flood or earthquake. A licensed agent takes it to carriers that write your project type.
What can go wrong changes as the building goes up.
Builder's risk covers the structure and materials from groundbreaking to occupancy. Pick a stage to see what claims tend to look like and which terms matter most.
Site work and foundation
The site is open and materials start arriving. Theft and vandalism are the most common early claims, along with storm damage to excavations and forms.
Same project. Three very different policies.
The lowest premium often leaves out the thing you'll claim on. We line up every option on the terms that decide whether a loss is paid.
| Term | Option ALowest premium | Option BBest fit for this project | Option CBroadest terms |
|---|---|---|---|
| Completed valueHard costs of the finished build | $1,240,000 | $1,240,000 | $1,240,000 |
| Soft costsLoan interest, permits and fees after a delay | Not included | $125,000 | $250,000 |
| Theft of materials | $10,000 limit | Covered, fenced site | Covered |
| Materials in transit and off site | $10,000 | $50,000 | $100,000 |
| Wind and named storm | 5% deductible | $10,000 deductible | $10,000 deductible |
| Flood and earthquake | Excluded | Excluded | Flood added |
| Testing and start-up | Excluded | Included | Included |
| All other losses deductible | $10,000 | $10,000 | $5,000 |
| Premium, 12-month term | $14,800 | $16,900 | $19,600 |
A fire that delays opening by four months keeps loan interest, permits and design fees running. Without soft costs, those come out of your pocket.
Copper, lumber and appliances walk off unfinished sites. Some policies cap theft low or require fencing and lighting, so we check what your site has.
A 5% wind deductible on a $1.24M build is $62,000. A flat deductible can be worth a higher premium.
For whoever the contract says carries it.
On some projects the owner buys builder's risk, on others the general contractor does. We read the contract and the loan terms and put the policy in the right name.
Owners and developers
Protect the asset and the loan from groundbreaking to certificate of occupancy.
- Lender as loss payee — set up to meet the loan's requirements
- Soft costs sized to your pro forma — interest, fees and lost rents after a delay
- GC and subs added — when the contract requires it
- Ground-up and renovation — existing structures too, when added
General contractors
Cover the work you're responsible for and stay ready for the next bid.
- Single project or annual — a reporting form for steady volume
- Owner named on the policy — as the contract requires
- Certificates on request — for the owner or lender
- Same account — GL, workers' comp, auto and bonds
What builder's risk covers, and what it doesn't.
Every policy is different. These are the common patterns, and we show you exactly where each option differs.
- The structure under constructionFire, wind, hail, lightning, explosion and vandalism.
- Materials and suppliesOn site, in transit and stored off site, up to your limits.
- TheftInstalled and uninstalled materials, subject to site security.
- Temporary worksScaffolding, forms and temporary structures.
- Soft costs, when addedExtra interest, fees and lost rents after a covered delay.
- Faulty workmanship or designThe defective work itself, though resulting damage is often covered.
- Flood and earthquakeExcluded on most forms, available as add-ons in many areas.
- Contractors' tools and equipmentCovered by inland marine, on the same account.
- Injuries to peopleHandled by general liability and workers' comp.
- Wear, breakdown and employee theftNot sudden physical loss to the work.
The rest of the project, covered too.
Start with your project.
Tell us where it is and who you are. We'll send you a link to the full application, which takes about 10 minutes.
- Nothing goes to a carrier — until you approve it
- No permit yet? — you can still apply from your plans
- No separate fee — we're paid a commission by the carrier you choose
Enter the project address, tick the box, then continue to start your application.
Common questions.
Who should buy builder's risk, the owner or the contractor?
Whoever the construction contract or the lender says should. On many new builds the owner buys it; on others the general contractor does. We read the contract and loan requirements, place the policy in the right name, and add the other party as the contract requires.
How is builder's risk priced?
Mostly on the completed value of the project, then adjusted for construction type, location, fire protection, site security, term and deductible. Add-ons like soft costs, flood or earthquake raise the premium. That's why two options for the same project can be far apart, and why we compare terms, not just price.
How long does a policy last?
It's written for the construction period, often 3 to 12 months or more, and ends when the building is occupied, put to its intended use, or the term runs out. If the schedule slips, we request an extension before it expires.
Does it cover a renovation of an existing building?
Yes. Renovation policies can cover the new work and, when added, the existing structure. Many property policies limit coverage during major work, so it's worth checking before you start.
What do you need from me?
The project address, type and completed value, your start date and expected term, and the details that set the price: soft costs, site security, lender requirements and the deductible you want. Your part takes about 10 minutes.
How does BLDAssure get paid?
We're a licensed insurance agency, paid a commission by the carrier you choose, the same way brokers are paid, so our service isn't a separate charge on your premium.
Can I get a certificate for my lender or owner?
Yes. Once the policy is bound we issue certificates and evidence of property with the lender as loss payee or mortgagee and any additional insureds the policy allows.
Builder's risk policies differ far more than their premiums show. We line up the terms so you see the difference before you bind.The BLDAssure risk team · Licensed agency
Cover the build from day one.
One short application, options compared on the terms that matter, and coverage bound before work starts.
Sample premiums and terms on this page are for illustration only and are not a quote. Coverage is subject to underwriting and policy terms.