Protect Your Project with Builders Risk Insurance

What’s builders risk insurance?

Commonly referred to as course of construction insurance, a builders risk insurance policy covers a person's or organization's insurable interest in materials, fixtures and/or equipment to be installed during the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause. It is often required to comply with government regulations or as a condition to meet banking or other contractual arrangements.

InsuranceLink offers the Builders Risk Plan insured by Zurich, the nation’s number one course of construction program with the broadest eligibility and comprehensive coverage for residential and commercial projects. Apply online today!

What does builders risk insurance cover?

Builders risk insurance provides coverage for materials, fixtures and appliances that sustain physical loss or damage during the course of construction. The Builders Risk Plan insured by Zurich offers protection for a wide range of named perils including but not limited to:

Theft
Vandalism and arson
Collapse
Fire or lightning
Property damage
Materials in transit and at temporary locations
Debris removal
Ordinance or law
And more!

How much does builders risk insurance cost?

The price to insure your construction project with builders risk insurance will depend on several factors, including location, project and type of building material, as well as the limit of insurance. In most areas, the minimum premium for the Builders Risk Plan insured by Zurich starts at $375.

What construction projects are eligible for builders risk insurance?

The Builders Risk Plan insured by Zurich has broad eligibility for a variety of residential and commercial projects valued up to $75 million:

New Construction: This includes any new building constructed from the ground up, whether residential (house, apartment/condominium, duplex) or commercial (office building, restaurant, retail store).
Remodeling: A remodel involves changes to an existing space beyond an installation. In a residential property, this could include remodeling a kitchen or bathroom. Common commercial remodels may include a business expanding into an adjacent tenant space or updating the interior to a more modern look.
Installation: These projects involve installing a single fixture or feature, such as new cabinets or flooring in a residential property, or an awning or signage for a commercial property. An installation implies a more limited scope compared to a complete remodel.

Who is eligible to secure builders risk coverage?

Just about any person or organization with a vested interest in the project under construction can secure a builders risk policy insured by Zurich, including:

Residential Projects