Builders risk insurance is designed to protect construction projects from financial losses due to unexpected events during the building process.
Don’t let one accident or claim put your business at risk.
We offer builders risk insurance to protect construction projects from unexpected setbacks, ensuring financial security throughout the building process. Whether you’re constructing a new home, renovating an existing structure, or managing a large commercial development, our policies provide broad coverage tailored to your needs.
At Brabham Griffin Insurance, we understand the unique challenges of the construction industry. Our team is here to help you customize a builders risk policy that fits your project’s specific needs, giving you peace of mind from start to finish.
Provide financial protection if valuable materials, fixtures, or equipment are stolen or intentionally damaged before project completion.
Covers financial losses from project delays, including rental income losses if the property can’t be leased on time, increased construction management fees and additional loan interest due to extended timelines.
Offers protection against floods, earthquakes, or windstorms, which may not be included in a standard policy.
Why It Matters: Without proper coverage, unexpected losses can delay or derail your project, resulting in financial strain.
Builders risk insurance provides essential protection for a variety of construction projects, ensuring your investment is safeguarded from unexpected losses. Whether you’re building a new home, renovating an office, or installing specialized equipment, this coverage helps keep your project on track.
The cost of a builders risk policy depends on several factors:
On average, builders risk insurance costs 1-4% of the total construction budget. To ensure your project has the right coverage, consult with an insurance provider for a customized policy.
Use our quick online tool or call our expert advisors.
Provide accurate information about the construction project and location.
Receive a customized policy with competitive pricing.
A policy that protects construction projects from financial losses due to damage or theft.
Typically 1-4% of the total construction value.
Property owners, contractors, and anyone with a financial stake in the project.
Yes, optional endorsements are available for floods, earthquakes, and windstorms.
Builders risk insurance provides essential coverage, but certain exclusions apply. Standard policies typically do not cover natural disasters like floods, earthquakes, or hurricanes unless specifically endorsed. Workplace accidents, including employee injuries or liability claims, are also excluded. Additionally, losses due to negligence or faulty workmanship are not covered.
To avoid surprises, review policy exclusions carefully and ask about optional add-ons to fill any coverage gaps.
Common mistakes include underinsuring the project, overlooking policy exclusions, and forgetting to cover soft costs like delays and indirect expenses. Skipping optional endorsements for risks like natural disasters can also leave gaps in coverage. Reviewing your policy carefully ensures better protection.
Builders risk insurance provides comprehensive protection for materials, equipment, and job site risks. It helps mitigate financial losses from theft, damage, and delays, keeping your project on track and within budget. With this coverage, you gain peace of mind knowing your investment is protected from the unexpected.
Residential Construction: New homes, additions, and renovations.
Commercial Projects: High-rise buildings, retail stores, and offices.
Installation Projects: Equipment installation and specialized builds.
Example: Whether you’re remodeling a kitchen or managing a commercial skyscraper build, builders risk insurance provides the coverage you need.
Don’t wait for an accident to happen. Protect your business with affordable, reliable commercial general liability insurance.
Proudly serving families and businesses across South Carolina and the Southeast with Brabham Griffin Insurance’s trusted solutions.
