Ideal Accounts and Appetite
We help agents place Builder’s Risk coverage for a wide range of construction projects, including:
- New ground-up construction of residential homes or commercial buildings
- Renovation or remodeling projects with or without structural changes
- Custom builds, modular construction, or phased developments
This program is a strong fit for general contractors, developers, and property owners undertaking substantial projects. We can consider both frame and non-combustible construction types.
Coverage Highlights and Advantages
Our Builder’s Risk policies are typically written on an "all-risk" basis, covering a broad range of perils. Policies can be enhanced through endorsements, including:
- Earthquake
- Flood
- Collapse coverage
Coverage can be written for single projects or on a reporting form basis for ongoing construction portfolios. This flexibility allows agents to serve a variety of client needs, from one-time builds to larger contractors managing multiple projects.
Underwriting Notes and Minimum Premiums
Minimum premiums for this program start at $5,000. We work with over eight carriers, giving us the ability to find competitive solutions, even for unique or complex risks. Premiums may be paid upfront or structured on a reporting basis, depending on the project and policy form. Our team can help you determine the right approach for your client’s needs.
Territories and Availability
We offer Builder’s Risk Insurance in most states, including but not limited to CA, TX, FL, NY, IL, GA, and WA. Our broad geographic reach allows you to confidently place coverage for clients across a wide territory, whether they operate locally or regionally. Most programs are available on an admitted basis, depending on the state and project specifics.
Why Work With Commercial Sector Insurance Brokers?
At Commercial Sector Insurance Brokers, we pride ourselves on providing responsive service and deep market knowledge. Our wholesale team understands the nuances of Builder’s Risk coverage and has long-standing relationships with top carriers in this space. Whether your client needs coverage for a custom home build or a multi-million-dollar commercial project, we offer practical, effective solutions.
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Frequently Asked Questions
What types of accounts are a good fit for this Builder’s Risk program?
This program is ideal for residential or commercial construction projects, including new builds, renovations, and custom developments. Both single and multi-structure projects can be considered.
Can I get coverage for projects that include earthquake or flood exposure?
Yes, endorsements are available to include earthquake and flood coverage, depending on the project and underwriting details. These can be added to broaden protection beyond standard perils.
What is the minimum premium for Builder’s Risk coverage?
The minimum premium for this program starts at $5,000, though actual premiums vary based on project scope, location, and duration.
Is this program available in my state?
Builder’s Risk coverage is available in most states across the U.S., including CA, TX, FL, NY, and many others. Contact us to confirm availability in your client’s location.
Do you work directly with insureds?
No, we work exclusively through retail insurance agents and brokers to provide Builder’s Risk solutions tailored to your clients’ needs.
Need help placing an account? Connect with a market specialist.