Builders Risk Coverage

Successful Construction Project Management
Starts Here

By taking on new construction builds or renovations, you build your reputation and grow your unique business. However, with tight budgets and deadlines to hit, you also know how important it is to protect your projects against the unexpected. Selective has the comprehensive coverage you need.

Find A Local Agent to Discuss Your Builder's Risk Insurance Needs

Builders Risk insurance is essential protection against financial risks arising from damage or loss to buildings during construction or renovation. Having the Selective Advantage means you also enjoy several unique features that you won’t find with many other carriers, including industry expertise through our Risk Management team, pro-rata cancellation upon project completion, Builders Risk forms for installation projects, and much more.

What Does Builders Risk Coverage Include?

Builders Risk provides financial protection in connection with property damage at a construction project due to fires, storms, lightning, explosions, theft and vandalism, and more. Typically, coverage also extends to on-set materials used in construction and additional soft costs if property damage causes a delay, including lost sales, rental income, and real estate taxes.

With Selective, you also benefit from equipment breakdown coverage, hot and cold building systems testing coverage, and a broad covered property definition, including:

Scaffolding
False work
Construction forms
Foundations
Paving

Curbing
Fencing
Retaining walls
Outdoor fixtures

Yes, as each construction project is unique and your Builders Risk insurance should reflect that. If you have a financial interest in any property being built or renovated, Builders Risk coverage is necessary for protecting your investment. This coverage is an ideal fit for construction or renovation of:

Assisted living/nursing homes
Contractors
Country clubs
Government/municipal buildings

Hospitals/medical facilities
Hotels
Offices
Retail stores

Schools/colleges
Service establishments
Strip shopping centers

Additionally, most local governments require proof of Builders Risk insurance to obtain a building permit, and finance companies or banks may require coverage to finance projects. Still not sure you need coverage? Your local agent will work with you to help you understand the ins and outs of this coverage, including any requirements.

No two construction projects are the same, and your Builders Risk insurance should reflect your unique needs. With Selective, you can choose between several coverage extensions, including:

Supplemental limit for escalation costs
Building ordinance and law
Back-up of sewer and drain
Construction contract penalties
Debris removal limit

Fire department service charge
Fire protection systems
GreenPac® coverage
Jobsite trailers
Pollutant clean up and removal

Preservation of property
Trees, shrubs, and plants
Valuable papers

How Can Risk Management Help My Business?

Our Risk Management specialists are available to help you navigate your business exposures with several complimentary resources that address your industry-specific risks. Risk Management works closely with you to understand your unique needs and develop programs that can help you create a safer environment for your employees and customers, reduce claims, and keep operations running smoothly.

From operational assessments and best practice reviews to on-site and online training, see how Risk Management can help your business today.

Find an independent insurance agent to discover all the ways our Builders Risk insurance can help you successfully manage your construction builds and renovations. Be sure to also ask about Selective’s value-added services like PaySync®, Risk Management, and the award-winning MySelective mobile app.

For more information on the types of business insurance solutions Selective Insurance offers, visit Insurance Coverages for Your Business.