"From Groundbreaking to Grand Opening — Covered."
Protecting construction projects while they’re being built
Builders Risk insurance provides property coverage for buildings and structures while they are under construction or renovation. It is designed to protect against physical loss or damage to a project before it is completed and placed into permanent use.
Construction projects involve significant financial investment — and exposure exists long before the project is finished.
What Builders Risk Insurance Covers
Builders Risk insurance typically provides coverage for:
Buildings Under Construction — Structures, foundations, and materials forming part of the project.
Materials & SuppliesOn-site, in transit, or temporarily stored off-site (subject to policy terms).
Temporary Structures — Such as scaffolding, fencing, and job trailers.
Soft Costs (when endorsed)Additional expenses caused by covered delays, including interest, taxes, or architectural fees.
Losses Caused by Covered PerilsIncluding fire, wind, theft, vandalism, and certain weather-related events.
Coverage applies during the defined construction period.
What It Does Not Cover
Builders Risk policies commonly exclude:
Employee theft
Normal wear and tear
Faulty workmanship or design (resulting damage may be covered)
Equipment breakdown
Flood or earthquake (unless endorsed)
Delay penalties or contractual fines
Understanding exclusions is critical in construction risk planning.
Who Needs Builders Risk Insurance?
Builders Risk coverage is important for:
Property owners
Developers
General contractors
Subcontractors
Real estate investors
Lenders requiring project protection
Responsibility for coverage should be clearly defined in construction contracts.
How Coverage Is Structured
Builders Risk policies are typically written on a project-specific basis and include:
Project value limits
Construction start and completion dates
Covered locations
Deductibles
Optional endorsements for soft costs or delay in completion
Coverage usually ends when the project is completed, occupied, or placed into service.
Real-World Claim Examples
Fire damages a structure during framing
Theft of building materials from the job site
Wind or storm damage during construction
Vandalism delays project completion
Uninsured losses can quickly derail project budgets and timelines.
Why Proper Placement Matters
Builders Risk coverage varies significantly based on:
Project type and size
Construction methods
Location and weather exposure
Contractual obligations
Lender requirements
Poorly structured Builders Risk coverage can lead to disputes, delays, and uncovered losses.
Our Approach
At Cory Washington & Co., we approach Builders Risk coverage as a project management tool — not just a policy. We coordinate with owners, contractors, and lenders to ensure coverage aligns with contractual responsibilities and project timelines.
Strong projects start with strong protection.
Disclaimer
All insurance descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or insurance advice. The information presented is general in nature and does not guarantee the availability, terms, conditions, or scope of any insurance coverage. Actual coverage is determined solely by the specific policy language issued by the insurer and remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds coverage, or alters any existing policy. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please consult directly with a licensed insurance professional at Cory Washington & Co. LLC or another qualified insurance professional, and always review your policy documents in full.
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