For insurance buyers, insurance agents and insurance wholesalers!For insurance buyers, insurance agents and insurance wholesalers!
Safehold Special Risk
Contact Us
contact_phone Click to call
Safehold Special Risk
Contact Us
contact_phone Click to call

Builder's Risk Insurance

Flexible Property Coverage!

Builders face significant risks from fire, weather-related damage, equipment breakdown, theft, and other construction exposures. The financial resources invested in residential, commercial, hospitality, and institutional projects can easily top millions.

Safehold Special Risk's Builder’s Risk Insurance program helps builders and developers manage those exposures. Whether you are placing single-family residential houses or multi-million-dollar office buildings, this program provides property coverage for damage that occurs from ground-breaking through certificate of occupancy. Policies can be structured to fit new construction, renovations, and phased or multi-site projects.

We develop risk-management programs tailored to the construction industry’s unique needs. Safehold combines specialized underwriting with a quoting system designed for quick bind and issuance, plus a responsive claims team for efficient handling of losses.

Coverage Highlights and Advantages

  • Wind deductible buy-back – available for residential and commercial projects during construction
  • Comprehensive AAIS coverage forms
  • Placement options on a ground-up (100% written), primary, excess, or quota-share basis
  • Programs for rehabilitation and renovation work, including non-structural and minor structural projects
  • Delay in completion coverage for soft costs, rental income, and business interruption
  • Project-specific reporting forms, installation floaters, and equipment coverage options
As an industry-leading program administrator, Safehold provides solutions for complex property risks and large construction programs. The platform supports fast quotes and issuance, and Safehold’s claims team focuses on responsive, practical outcomes for contractors, developers, and lenders.

Ideal Accounts and Classes

  • New residential construction (1–4 family dwellings)
  • Homebuilders using reporting forms
  • Apartments, condominiums, group homes, and assisted living facilities
  • Commercial construction (office, mercantile, retail)
  • Hospitality projects (hotels and motels)
  • Institutional projects (schools, hospitals, municipal buildings, correctional facilities)
If you have clients working on mixed-use developments, senior housing, or multi-tenant commercial builds, this program is equipped to handle both the complexity and value of those risks.

Example accounts

  • A mid-size developer building a 120-unit apartment complex with phased construction and a need for delay-in-completion coverage for soft costs.
  • A custom homebuilder constructing high-value single-family residences who wants wind deductible buy-back and owner-controlled insurance options.

Included Coverages

  • Fire, theft, and vandalism
  • Wind, earthquake, and flood (where available)
  • Installation floater and coverage for installed equipment
  • Permanent fencing, foundations, and site improvements
  • Debris removal and fire department service charges
  • Trees, shrubs, and plants
  • Pollution cleanup, transit, and temporary storage

Capacity and Underwriting

  • Up to $110,000,000 per risk (non-CAT), dependent on construction type and occupancy class
  • Reporting form limits: up to $1,000,000 per dwelling / $10,000,000 per occurrence
  • Minimum deductibles start at $500 (varies by total insured value and occupancy)
  • Minimum premiums: Residential – $300; Commercial and Renovations – $500

Submission Requirements

To submit a risk, include:
  • ACORD 125 and 147 forms
  • Installation/Builder’s Risk section and/or supplemental application
  • Construction contracts, budgets, and project timelines
  • Site plans, soft-cost breakdowns, and business income worksheets (as applicable)

Available States and Admitted Status

Safehold’s Builder’s Risk Insurance program is available in most states, including CA, FL, TX, NY, IL, and GA. The program is admitted in most jurisdictions; please consult Safehold for state-specific availability and filing requirements.

Why Work With Safehold Special Risk

Safehold Special Risk specializes in construction-focused property programs and large, high-value projects. Agents benefit from:
  • Specialized underwriting that understands construction schedules, subcontractor exposures, and project staging
  • Flexible policy terms (3 to 36 months) and layered coverage structures
  • Fast quoting and bind capabilities to meet tight transaction timelines
  • A service model geared to brokers and agents placing complex accounts

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for residential and commercial builders, developers, and contractors working on new construction, renovations, or rehabilitation projects. It fits both small homebuilders and large-scale institutional or mixed-use developments.

Is the program available in all states?

The Builder’s Risk Insurance program is available in most states. Admitted status is available in many jurisdictions. Always check with Safehold for specific state availability.

What is the minimum premium for this program?

Minimum premiums start at $300 for residential construction and $500 for commercial or renovation projects. Final premiums depend on total insured value and project complexity.

Does the program cover renovation projects?

Yes, the program accommodates rehabilitation and renovation work, including non-structural and minor structural improvements.

What documentation is required to submit a risk?

Submissions should include ACORD 125, ACORD 147, the Builder’s Risk or Installation section, and supporting documents like contracts, budgets, timelines, site plans, and soft-cost breakdowns.

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

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Program Administrator
  • Admitted:
    Most Available States
  • Carriers:
  • Carrier Ratings:
    Our team places coverage with Admitted and Non-Admitted carriers who are A- rated, or higher, according to A.M. Best
  • Commission:
    Varies
  • Min Premium:
    Residential- $300, Commercial- $500, Renovations- $500

Browse

Request a Quote Now!

CONTACT INFORMATION

LOCATION

100 Glen Eagles Court
Carrollton, GA 30117
800-842-8917
View Map

Marketing Material

AGENCY LICENSING

Must be a contracted agent to access this program.
CompleteMarkets is The Insurance Industry's Professional Network
Please Register for FREE or Sign In to contact
Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!
Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.
Safehold Special Risk has other insurance programs like Excess Flood.