Commercial / Builders Risk

Michigan Builders Risk Insurance

Builders risk — also called course-of-construction — covers a building while it's being built or renovated, when a standard property policy doesn't apply yet. It protects the structure, materials, and work against fire, theft, vandalism, and weather from groundbreaking to completion.

What we do for builders risk insurance clients

• Project-matched terms — we set coverage to your project value and timeline so there are no gaps before the permanent policy starts.
• Lender and GC compliance — most construction loans and general contractors require builders risk — we provide the documentation fast.
• Materials on and off site — coverage for materials at the job site, in transit, and in storage.
• Multi-carrier shopping — we shop the builders risk markets for new construction and renovations alike.

Projects we cover

Owners, builders, and general contractors on new homes and commercial buildings, ground-up construction, additions, and major renovations across Michigan — residential and commercial.

What builders risk covers

• The structure under construction — the building and permanent fixtures while being built.
• Building materials — on site, in transit, and in temporary storage.
• Fire, theft & vandalism — common losses on active job sites.
• Weather damage — wind, hail, and storm losses during construction.
• Soft costs (added) — extra interest, fees, and rent from a covered delay.

Common questions

What is builders risk insurance?

A temporary policy that covers a building while it's under construction or renovation — the structure, materials, and certain costs — against fire, theft, vandalism, and weather. It runs from the start of work through completion, when a permanent property policy takes over.

Who needs to buy builders risk — owner or contractor?

Either can, but it should be clearly assigned in the contract. Lenders usually require it on construction loans, and many general contractors require it on commercial projects. We help structure it so the right party carries it.

How long does builders risk coverage last?

For the construction period — typically 3, 6, or 12 months — with extensions available if the project runs long. Once the building is complete and occupied, you switch to a standard property or homeowners policy.

Does builders risk cover tools and equipment?

Generally no — contractor tools and equipment are covered under a separate inland marine (contractor's equipment) policy. Builders risk covers the project itself and its materials. We can write both.