Builder’s Risk Insurance You Can Count On
Protect your projects from the unexpected – fire, theft, weather and more.
What is Builder’s Risk Insurance?
Builder’s risk insurance protects buildings, structures, and materials on-site during construction or major renovations from unforeseen events before the project is completed, including
Fire, theft, vandalism
Weather damage (wind, hail, lightning)
Materials stored on or near the site
Temporary structures (e.g., scaffolding)
On-site equipment (optional)
Who Needs It?
General Contractors
Home Builders
Custom Residential Developers
Why It Matters
Delays due to damage or loss can cost builders thousands. Lenders and project owners often require this coverage to begin work.
Why Use Toolbox Insurance
Instant builder’s risk insurance online quote
Proof of insurance in minutes
Affordable policies, customized by state
Common Questions
What is the typical duration of a policy?
New construction policies typically last 12 months. Renovation policies are more flexible, ranging from 1 to 12 months. Policies can be extended if the project isn’t completed within the original term.
Who pays for builder’s risk insurance?
Builder’s risk insurance is usually paid for by either the contractor or the project owner.
What does builder’s risk insurance not cover?
Builder’s risk insurance generally covers property under construction at the specified location. It does not cover liability on the job site or liability caused by the contractor.
Does this coverage protect subcontractors?
Builder’s risk covers property during construction. For example, if a subcontractor accidentally damages a water line, the resulting damage may be covered.
Can this coverage be packaged with general liability insurance?
Yes, standalone general liability options are offered that can complement your builder’s risk coverage.
Need to file a claim?
Please refer to your policy documents for detailed instructions and contact the carrier listed on your policy to initiate your claim.
Have questions?
Call us at +1 (717) 807-5783, and one of our agents will do their best to assist you.