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Builders Risk

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Builder's risk Insurance from Manchester Insurance

Builder's risk insurance is a special type of property insurance which indemnifies against damage to buildings while they are under construction. Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause."

What Builder's Risk Insurance Covers.

Your builders risk insurance policy can be structured to cover the following:

  • Property damage. Includes construction material, heavy machinery and equipment, temporary structures, cribbing, false work, fencing, scaffolding, construction signs and landscaping;

  • Property Replacement. Builder's risk may provide replacement cost coverage equal to the value of the property owned. Having the right valuation clause is an important aspect of protecting the insurable interest in a home project. Builder's risk insurance can provide replacement cost coverage equal to the value of the property you own – without a deduction for depreciation.

  • Labor costs and earned profits. Replaces labor costs, income and expenses;

  • Perils of nature and man-made disasters. Hurricanes, fires, blizzards, severe hail storms, lightning, black outs, broken water mains; and

  • Other damages. Negligent workmanship, flawed materials or design.

Some coverage will be part of a basic policy and other items will need to be added on. It is important that you work through the details of a policy beforehand.


Manchester Insurance can help you create a policy customized to the project you are working on.