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construction workerErecting a building is a highly detailed project that can take months to accomplish, all the while exposing the unfinished structure to the risk of damage due to inclement weather and other forces of nature. Each year, property losses caused by fire, storms, and other weather events cost tens of billions of dollars in necessary repairs. For this reason, property owners can purchase builders risk insurance (also known as course of construction insurance) to protect incomplete projects. This type of insurance is designed to protect buildings throughout the duration of construction, along with raw construction materials and equipment on the lot.


What types of risks are covered by builders risk insurance?
  • Natural and man-made disasters: Covers damage from severe storms, hail, fire, blackouts, broken water mains, etc.
  • Property damage: Covers damage to construction materials, fencing, scaffolding, equipment and heavy machinery, temporary structures, landscaping, signs, etc.
  • Theft: Some policies include coverage for theft from the construction site, which may require a gated worksite for this particular coverage.
  • Labor expenses: Replaces lost labor expenses and income.
  • Miscellaneous damages: Covers flawed construction materials, inadequate design, poor craftsmanship, etc.

Builders risk insurance is an important consideration if the construction materials in use are prone to damage and/or if the construction site is located in an area with a high risk of bad weather or theft. This coverage generally spans three, six or twelve months, and can often be extended at least once if the project remains incomplete at the end of coverage.

An agent can help you customize a policy to meet the unique coverage needs of your construction project, offering quotes from numerous trusted insurance carriers to provide you with the right coverage for the right price.

Protect your project as it becomes a completed building. Fill out the quick form below for more information or a quote from an expert on Denver builders risk insurance.


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7910 Ralston Rd., Ste 7
Arvada, CO 80002

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