Any construction project is a significant investment —whether it’s a new home, a commercial building, or a major renovation. Yet from the moment ground is broken, the site becomes vulnerable to risks that can derail progress and inflate costs. Theft, fire, vandalism, severe weather, and unexpected accidents can all lead to major setbacks. That’s where builder’s risk insurance comes in. At Hawsey Insurance, we help contractors, developers, and property owners secure the coverage they need to keep projects on track and protect their bottom line.
Builder’s risk insurance is a specialized form of property insurance designed to protect buildings and structures during the construction or renovation process. A standard property insurance policy won’t cover a structure under construction, making builder’s risk coverage essential for anyone responsible for completing a project.
This type of policy typically applies to:
Whether you’re a builder managing multiple job sites or a homeowner overseeing your own renovation, builder’s risk insurance ensures you won’t face unexpected financial loss when the unpredictable happens.
Construction sites face unique hazards, and builder’s risk insurance is designed to protect materials, equipment, and unfinished structures from unexpected damage. While policies can vary, coverage often includes protection from:
Builder’s risk insurance ensures that the investment you’ve already made isn’t lost due to events outside your control.
This coverage is essential for anyone with a financial interest in a construction project. This can include:
If your role puts you at risk of financial loss due to property damage or project delays, builder’s risk insurance is a wise and often necessary investment.
Builder’s risk insurance is temporary and designed to last only for the duration of construction. A policy typically remains active from the date construction begins until the project is completed or placed into service. Once the building is finished, it can transition into a standard property or homeowners insurance policy, depending on the use of the structure.
At Hawsey Insurance, we guide you through coverage timelines to ensure there are no gaps that leave your project exposed.
Construction is inherently unpredictable. Costs can quickly spiral when damage occurs, especially if you don’t have proper insurance in place. With builder’s risk insurance, you get:
A single incident can halt progress for weeks or months. Builder’s risk coverage helps ensure that disruptions are minimal and manageable.
As an independent agency, Hawsey Insurance provides contractors and property owners with personalized coverage solutions, competitive options, and hands-on service. We work with you to:
Our team is committed to protecting your investment from day one.
What is builder’s risk insurance?
Builder’s risk insurance is a type of property insurance that protects buildings and structures while they are under construction or renovation. It typically covers the structure, materials, and equipment against risks such as fire, theft, vandalism, and certain weather-related damage during the construction process.
Who needs builder’s risk insurance?
Builder’s risk insurance is important for anyone with a financial interest in a construction project. This may include property owners, contractors, subcontractors, developers, and lenders who want to protect their investment during the building process.
What does builder’s risk insurance typically cover?
A builder’s risk policy usually covers the building under construction, materials on-site or in transit, and certain equipment used for the project. Coverage often includes risks such as fire, theft, vandalism, and some weather-related damage depending on the policy terms.
What is not covered under builder’s risk insurance?
Builder’s risk insurance generally does not cover worker injuries, liability claims, faulty workmanship, or normal wear and tear. Certain risks such as floods or earthquakes may also be excluded unless additional coverage or endorsements are added.
When does builder’s risk insurance coverage start and end?
Coverage typically begins when construction starts or when materials are delivered to the site. It usually ends when the project is completed, the building is occupied, or the policy term expires, whichever comes first.
Every construction project comes with challenges, but with the right coverage in place, unexpected events don’t have to derail your plans. Hawsey Insurance can help you secure the builder’s risk insurance you need for a confident and protected build. Contact us today to speak to our team about a builder’s risk insurance quote.
