Builder's Risk Property

Builder's Risk Property Coverage Through Bailey Special Risks, Inc.

Bailey Special Risks, Inc. (BSR) offers a comprehensive Builder's Risk Property program designed for insurance agents and brokers looking to place coverage for clients involved in new construction projects. Backed by an A.M. Best A++ rated carrier—United States Liability Insurance Group—this program delivers reliable, uninterrupted protection for both owners and contractors from groundbreaking through project completion.

Ideal Accounts and Appetite

This Builder's Risk Property program is an excellent fit for:

• Property owners undertaking ground-up construction of residential or commercial buildings
• General contractors managing new construction projects
• Developers needing wrap-around coverage during the construction phase

Whether your client is building a single-family home, retail strip center, or small commercial office, BSR’s program is designed to provide flexible and stable coverage throughout the duration of the build. Projects with a clear start and end date, and those not involving major structural alterations to existing buildings, are ideal candidates.

Coverage Highlights and Advantages

BSR’s Builder's Risk coverage includes essential protections that help mitigate the financial risks associated with new construction. Key benefits of the program include:

• Coverage from project inception to completion with no gaps
• Available for both residential and light commercial new builds
• Backed by a financially strong, A++ rated carrier
• Non-admitted option allows for greater underwriting flexibility

The policy is designed to respond to common builder’s risk exposures such as fire, theft of building materials, vandalism, and certain weather-related damages during the course of construction.

Underwriting Notes and Minimum Premiums

Each submission is reviewed individually by BSR’s experienced underwriting team. While minimum premium thresholds may apply, they will vary based on project size, location, and scope. Agents are encouraged to submit complete and detailed applications to help expedite the quoting process.

Projects involving unusual exposures, such as high-rise construction or heavy industrial facilities, may fall outside the appetite for this program. However, BSR can help evaluate alternative options where applicable.

Territories and Availability

This Builder's Risk Property program is available in the following states:

AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NV, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, WY

Agents and brokers in these states can access the program through BSR’s wholesale brokerage channel.

Why Work With Bailey Special Risks, Inc.?

BSR brings decades of experience as a wholesale broker specializing in property and casualty risks. Their Builder's Risk program is backed by a top-tier carrier and supported by a hands-on, knowledgeable underwriting team. Agents working with BSR benefit from responsive service, strong market relationships, and a commitment to finding the right fit for each construction account.

For example, you might have a client developing a new retail space in a suburban area or a contractor building a custom home for a high-net-worth individual—BSR can help you place these accounts with confidence.

Frequently Asked Questions

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