Protect the structure, materials, and financial investment behind your construction or renovation project before a single loss creates a costly delay.
Get StartedBuilder’s risk insurance, also known as course of construction insurance, is built for properties that are being constructed, renovated, repaired, or improved. It helps protect the project while the building is still unfinished and exposed to job-site risks.
Depending on the policy, coverage may apply to the structure under construction, materials, fixtures, and property intended to become part of the completed build. It can help respond to covered losses such as fire, theft, vandalism, and certain weather-related damage.
Sterling Insurance Brokers Ltd. helps review the project details, contract requirements, insurance limits, deductibles, and policy wording so the right parties have appropriate protection before work begins.
Coverage depends on the policy wording, insurer, limits, exclusions, and project details. The examples below show common areas builder’s risk insurance may address.
Damage to framing, insulation, materials, or unfinished work caused by a covered fire event.
Loss of eligible building materials, fixtures, wiring, or supplies stolen from the project site.
Damage caused by vandalism to an active site, partially completed structure, or covered project property.
Certain weather-related losses may be covered, subject to the policy’s terms and exclusions.
A construction project can involve multiple parties. Builder’s risk insurance helps clarify protection while the project is still underway.
Problem: Copper wiring, fixtures, or building materials are stolen from the site.
Possible outcome: Builder’s risk insurance may help cover eligible stolen materials and reduce project disruption.
Problem: A fire damages framing, insulation, drywall, or partially completed interior work.
Possible outcome: Coverage may help with eligible cleanup, repairs, and replacement costs.
Problem: High winds damage siding, temporary coverings, or exposed areas of the build.
Possible outcome: A policy may respond if the cause of loss is covered under the wording.
Provide the project address, construction type, value, duration, and parties involved.
Sterling reviews the exposure, contract requirements, property values, and possible coverage needs.
Policy limits, deductibles, extensions, and key exclusions are reviewed before you move forward.
Once coverage is selected, Sterling helps arrange the policy documents and proof of insurance.
It is not always legally mandatory, but it may be required by a lender, project contract, property owner, developer, or municipality. Even when it is not required, it can be an important way to protect the investment in an active project.
The responsible party depends on the contract. It may be the property owner, general contractor, developer, or another stakeholder. The important part is making sure the right parties are properly named or included.
Builder’s risk insurance should usually be arranged before construction begins and before materials arrive on site. Waiting until the project is active can create unnecessary gaps.
Builder’s risk coverage often focuses on the building, materials, and property intended to become part of the project. Contractors’ tools and mobile equipment may require separate contractor’s equipment coverage.
Builder’s risk insurance typically does not cover defective workmanship itself. Depending on the wording, resulting damage from a covered event may be treated differently. Sterling can help review this before coverage is placed.
Whether you are building, renovating, or managing a commercial construction project, Sterling Insurance Brokers Ltd. can help you review builder’s risk insurance options with a clear, professional approach.
Coverage availability, terms, limits, exclusions, deductibles, and pricing vary by insurer and project details. This page is for general information only and does not replace policy wording or professional insurance advice.