Protect your project while it's under construction, the structure, materials, and equipment on site against fire, theft, and weather. Coverage that satisfies your lender and general contractor. Fast quotes from a tech-forward Utah brokerage.
Builders risk insurance, also called course-of-construction coverage, is a specialized property policy that protects a building while it's being constructed or renovated. It covers the structure itself, plus the materials, supplies, fixtures, and equipment on the jobsite, against covered losses like fire, theft, vandalism, wind, hail, and other weather events during the project. Once the project is complete and occupied, builders risk ends and a permanent property policy takes over.
A standard commercial property policy won't cover a structure that isn't finished, which is exactly why builders risk exists. Construction sites are uniquely exposed: open framing, stockpiled lumber and copper, expensive HVAC and electrical components staged for install, and limited security make them frequent targets for theft and weather damage. A single fire or a stolen pallet of materials can blow a project's budget and timeline, builders risk is what keeps a covered loss from derailing the build.
Builders risk is almost always required by lenders and general contractors. If you're financing a ground-up build, an addition, or a major renovation, your construction lender will typically require proof of course-of-construction coverage, often naming the lender as a loss payee, before drawing funds. GCs frequently require it of project owners as well. It's relevant for property owners, developers, general contractors, custom home builders, and anyone undertaking new construction or a remodel across Utah's busy building market.
At Alcreo, we place builders risk coverage with top-rated carriers, including The Hartford, Liberty Mutual, AmTrust, CNA, Nationwide, and BTIS, and we structure the limits, project term, and lender or GC documentation to match your construction contract and loan requirements. As an independent Utah brokerage we shop the market for the right coverage at a competitive price, fast.
The building under construction or renovation, through to completion.
Lumber, fixtures, and components on site, in transit, or in storage.
Covered losses from fire, theft, vandalism, wind, and hail on site.
Meets the course-of-construction coverage your loan or contract demands.
Starting a build or major renovation? Apply online in minutes and our licensed agents will compare builders risk options across our top-rated carriers to deliver the right limits, project term, and lender or GC documentation, compliance-ready, fast.
We handle the quoting, certificate of insurance, and loss payee clause so your construction draw stays on schedule.
Through our trusted MGA partner, BTIS (Builders & Tradesmen's Insurance Services), we can quote a wide variety of business niches — from contractors and small retail shops to professional offices and specialty risks. This partnership gives us access to a network of top-rated national carriers, allowing us to deliver competitive pricing and tailored coverage options across hundreds of industries.
