ShieldPath Insurance Group
Builders Risk Insurance for Construction & Renovation Projects
Protect structures in progress, materials on site, and project timelines with project-based coverage tailored for owners, investors, and contractors.
What it is
Coverage designed for projects in progress
Builders risk (also called course of construction) helps protect your financial investment while a property is being built, renovated, or substantially improved. We help you structure coverage around the project scope, contract requirements, and who has insurable interest.
New construction
Coverage for ground-up builds, including materials and partially completed structures as work progresses.
Renovations & remodels
Protection for renovation projects where existing structures and new materials are exposed to loss during the build.
Investment properties
Project-based solutions for flips, BRRRR strategies, and portfolio renovations—aligned with lender and investor needs.
Contractor / owner coordination
Guidance on who should carry the policy (owner, GC, or both) and how to address additional insureds and contract language.
Why it matters
Reduce uncertainty during construction
Construction projects introduce changing exposures—weather, theft, vandalism, and jobsite incidents. Builders risk helps protect the structure and materials while the work is underway, so a covered loss does not derail your budget or timeline.
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Protection for materials & work in place
Coverage can apply to building materials on site, in transit, or stored off-site (when included), plus the value of work completed to date.
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Flexible terms for your project timeline
Policies are typically written for a defined project period and can be aligned with start dates, completion targets, and lender requirements.
Common options
What builders risk may help cover
Coverage varies by carrier and project type. We will review your scope and recommend options that match your risk profile and contract requirements.
Fire, wind, and other covered causes of loss
Helps protect the structure in progress and materials against covered physical damage during the build.
Theft and vandalism
Jobsite theft and vandalism can be costly—especially when specialty materials or equipment are involved.
Soft costs (when available)
May help with certain additional expenses tied to a covered loss, such as interest, taxes, or architectural fees, depending on the policy.
Ordinance or law / code upgrades (when available)
For renovations, code-related costs can be significant. Options may be available to address these exposures.
Builders Risk Insurance FAQs
Answers to common questions for owners, investors, and contractors planning construction or renovation work.
Who should purchase the builders risk policy?
It depends on the contract. The policy may be purchased by the property owner, the general contractor, or jointly. We will review your agreement and recommend the cleanest approach for insurable interest and certificates.
What projects typically need builders risk?
Ground-up construction, major renovations, additions, and projects where the property is substantially altered or vacant during work are common candidates.
Does builders risk include liability coverage?
Builders risk is generally property coverage for the structure and materials. Liability is typically addressed through general liability and related policies (as applicable to your role).
Can it cover materials in transit or stored off-site?
Some policies can include these exposures by endorsement or within certain limits. We will confirm how your materials are sourced and stored to structure coverage appropriately.
How is the coverage amount determined?
Coverage is commonly based on the completed value of the project (or the value of work and materials). We will help align limits with budgets, draws, and lender requirements.
What information is needed to quote?
Project address, scope of work, start and end dates, total project cost, contractor details, protection safeguards, and any lender or contract requirements.
Next step
Get a builders risk quote tailored to your project
Tell us about your construction or renovation scope and timeline. We will respond with coverage options and a clear path to bind when you are ready.