BUILDERS RISK

Builders Risk Insurance from CMS, LLC

CMS, LLC offers a high-capacity, flexible Builders Risk program designed to get your construction accounts placed quickly. As a wholesale broker with in-house quoting and binding authority, CMS provides direct access to A+ rated national carriers and streamlined service to move from quote to coverage efficiently. The program handles ground-up construction, renovations and tenant improvements across residential, commercial and light industrial projects.

Ideal Accounts and Appetite

This program fits a broad range of project types and sizes. Typical classes include:

• Custom home builders and residential developers
• Commercial office, retail and restaurant buildouts
• Apartment, condo and multi-family renovations
• Mixed-use developments and urban infill projects
• Light industrial and warehouse upgrades

You might have a client developing a $10M mixed-use property or a contractor performing a historic renovation—both are good candidates. The program generally favors standard construction risks; more unusual or highly hazardous exposures should be discussed with underwriting in advance.

Coverage Highlights and Advantages

Builders Risk is offered on a Special Form basis with meaningful built-in limits and optional enhancements to match project needs. Key built-in features include:

• $100,000 — Transit, Temporary Locations, Forms, Scaffolding, Falsework, and Temporary Fences
• $100,000 — Removal Expense
• $5,000 — Pollutant Cleanup & Removal and Fire Department Service Charges
• $5,000 per occurrence / $500 per item — Lawns, trees, shrubs, or plants
• $1,000 — Loss Data Preparation
• Debris Removal — 25% of the direct physical loss amount

Optional Coverage Enhancements

• Soft Costs
• Loss of Rents
• Contingent Coverage
• Expediting Expenses
• Flood and Earthquake
• Building Ordinance
• Plans & Records
• Fire Protection Equipment Recharging
• Inflation Protection
• Extra Expense
• Permission to Occupy

Underwriting Notes and Submission Requirements

CMS provides in-house quoting and binding authority on most submissions, enabling faster placements. Submissions should include ACORD applications and any builders risk supplements. Include construction values, completion timelines, contractor details, and any protection systems or active mitigation plans to expedite review.

Email new business submissions to: [email protected] or [email protected]

Fax submissions to: (516) 799-8602

States and Admitted Options

This program is available in most states, including AL, CA, CT, FL, GA, IL, KY, ME, MA, MI, NH, NJ, NY, NC, OH, PA, RI, SC, TX, VT, VA, and DC. Admitted options are available in many of these states.

Why Work with CMS, LLC?

As a wholesale broker with program expertise and direct access to multiple A+ rated national carriers, CMS gives agents competitive markets and fast execution. Their in-house authority, responsive underwriting and tailored enhancements make it easier to place standard and moderately complex builders risk accounts without unnecessary delay.

Frequently Asked Questions

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