Who should purchase builders risk?
The contract should decide this clearly; either owner or contractor may be responsible.
Builders Risk for Contractors
Builders risk protects property during construction, but the details matter: who buys it, who is insured, what property is included, when coverage starts and stops, and whether existing structures or delay exposures are addressed.
What to Review
Contractor insurance starts with the work—not a generic class description.
Project type, job-site conditions, subcontracting, contracts, fleet, equipment and completed work can all change the insurance conversation.
Project propertyBuildings, materials and certain temporary works may need protection during construction.
Existing structuresRenovation projects require special attention to the building already standing.
Delay & soft costsA covered property loss can create financing, rent and project-delay consequences.
Who is insuredOwners, general contractors and subcontractors may have different interests in the project.
Common Questions
Questions worth answering before renewal.
Does it cover faulty workmanship?
Forms vary. Exclusions and ensuing-loss language need careful review.
When should the policy start?
Before the project property is exposed—not after materials have already arrived.
Keep Exploring
Related contractor insurance topics.
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Learn more →Have a renewal coming up?
Start with a conversation about your operation, current program and what you want to improve.