Commercial Builders Risk Insurance

Ideal Accounts and Appetite

This program is ideal for a wide range of commercial construction and renovation projects, including but not limited to:

• Ground-up construction for office buildings, retail centers, and industrial facilities
• Renovation and remodeling of existing commercial structures
• Tenant improvements and buildouts
• Projects involving builders, developers, or property owners

You might have a client who is constructing a new medical office complex or renovating a multi-tenant retail strip—this program is built to accommodate those needs with flexible terms and responsive service.

Coverage Highlights and Advantages

Our Builders Risk Insurance program is designed with the flexibility and responsiveness agents need to win and retain accounts. Key features include:

• Short-term policies with extension options beyond 12 months
• Pro-rata policy options for greater flexibility
• Low minimum premiums—starting at $250 for new construction and $500 for renovations
• Named Insured can be either the builder or the property owner
• Monthly reporting options with deposit premium
• Instant quotes available by phone

MPG Program Advantages:

• Direct access to in-house underwriters with real-world construction expertise
• Policies and endorsements issued directly by Maritime Program Group
• Competitive commission schedules and flexible billing (direct or agency)
• Outstanding service with proactive communication and fast turnaround times
• Industry-specific loss prevention support and tools

Underwriting Notes and Minimum Premiums

We accept both new construction and renovation risks, with minimum premiums starting at $250 for ground-up builds and $500 for renovation projects. Our underwriting team is available to discuss unique project exposures and help you structure the right policy for your client's timeline and budget. Instant phone quoting is also available for quick-turn needs.

Territories and Availability

This program is available in all 50 states plus Washington, D.C. Our broad territorial reach combined with our underwriting flexibility makes it easy for agents to place commercial construction accounts nationwide, whether in urban centers or rural developments.

Why Work With Maritime Program Group

As a Managing General Agency with deep expertise in specialty lines, Maritime Program Group delivers niche-focused solutions and personalized service. Our in-house underwriters are not just policy experts—they understand the construction industry from the ground up. That means faster decisions, smarter coverage recommendations, and fewer delays for your clients. From quoting to issuance to support, we’re here to help you succeed in placing commercial builders risk business confidently and efficiently.

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.