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Builders Risk

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Protection for New Construction, Remodeling, and Renovation

Product Overview

Most people are familiar with the concept of insuring commercial or residential property, but many aren’t aware of the distinction between that and insuring property under construction. At Prince Insurance Group, we understand the difference and specialize in helping our clients protect their building projects.


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What is Builders Risk Insurance?

Buildings and properties under development are exposed to a wide range of exposures that may not affect completed properties. For example, they’re more exposed to weather damage from wind, hail, or rain, as well as threats of theft and vandalism. Builders Risk Insurance provides financial security for a project against these types of risks and more through the course of construction.

The policies we write at Prince Insurance Group can include the following:

  • Structural Coverage: Buildings and other structures associated with the project are typically the largest financial exposure
  • General Liability: Construction means people working in an environment where they’re at increased risk for injury
  • Equipment & Materials Coverage: In addition to what’s being built, the equipment and materials being used for construction are also at risk for damage or loss

There are many factors that go into crafting the right Builders Risk policy for a particular operation. Details such as time and duration of construction, the location of the build site, and the type of property can affect what type of coverage might be deemed necessary as well as your rate. Our agents will work with you to assess your individual needs and find a plan that meets those needs within your budget.

Who Needs Builders Risk Insurance?​

Usually, Builders Risk Insurance is established in the name of those funding or managing construction, but may also be obtained by the landowner or others involved with the project. There is very often more than one party named on a Builders Risk policy, especially in cases of complex tasks involving architects, engineers, and other specialized professionals who may not otherwise be insured.

The right partner

When purchasing Builders Risk Insurance, it’s clear that you need to work with an experienced agent that understands how to protect construction properties and who will carefully consider the specifics of your project to ensure you get the right coverage. When you contact Prince Insurance Group, our agents will give you exactly that. So give us a call today and we’ll help secure your property from start to finish.


Prince Insurance Group helps find the right insurance for you and your needs.


Our team works with you to find the most affordable options for your situation.

Flexible Options

Our products are flexible and we work to find insurance specific to your needs

Unbeatable Service

We are just a phone call away throughout our entire relationship.

Common questions about Builders Risk Insurance

Get quick answers to some of the most asked questions about builders risk insurance. If you have additional questions, please contact us.  

Builder’s risk insurance: how can green businesses be helped by it?

The use of materials that are environmentally safe – in addition to the development of eco-friendly and energy-efficient buildings – are more common than ever. Insurance for heavy equipment and builder’s risk will cover the following:

  • Building commission costs for qualified engineers to observe the replacement or repair of a property that is covered. It also provides coverage for recertification fees associated with the Green Authority application. Lastly, it covers expenses needed to certify (if not recertify) properties that are covered under a pre-loss certification budget level.
  • Extra limits for recycling costs that are needed to send a covered property’s debris over to a recycling facility, as opposed to a landfill.
  • Air quality costs to flush-out or ventilate air systems for the sake of restoring or meeting air quality standards (set forth by a pre-loss management plan) for interior air quality.

What does the policy cover?

Builder’s risk policies include coverage for the following:

  • Profits.
  • Debris.
  • Labor expenses.
  • Plants, sod, shrubs, and trees.
  • Construction signs.
  • Scaffolding.
  • Falsework.
  • Temporary structures.
  • Fixtures.
  • Machinery.
  • Underground pipes.
  • Foundations.
  • Vegetative roofing.

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