Builder's Risk

Builder's risk insurance for construction phase exposure

Builder's risk insurance protects a construction project's materials, fixtures and equipment against physical loss during the construction phase, when standard commercial property coverage does not apply. This coverage is built for organizations developing, renovating or expanding property who need coverage matched to the project's timeline.

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Why It Matters

Construction phase exposure falls outside standard property programs

A property under construction carries a different risk profile than one which is completed, operational and occupied — exposed materials, incomplete systems and an evolving site that standard commercial property programs were not structured to fully address. Builder's risk requires specialist placement outside standard property lines, leaving organizations that rely on a standard program during construction without coverage matched to their actual exposure.

HUB's Approach

Coverage structured for the construction phase itself

HUB structures builder's risk coverage specifically for a project's construction period, addressing the physical exposure that exists only while a project is underway and that a completed-building property program is not designed to cover. This placement is coordinated with HUB's dedicated Construction Practice rather than treated as a generic extension of a standard commercial property policy.

Because a construction project's exposure changes as the project progresses, from raw materials and site work through completed structure, HUB's property advisors structure builder's risk insurance to reflect the project's specific timeline, scope and location, coordinating with HUB's Construction Practice where a client's construction activity intersects with broader property, casualty or transit-related needs.