Builder’s Risk Insurance


Updated July 2005

Builder’s Risk insurance, also known as “course of construction”, “construction all risk”, and “contractor’s all risk insurance”, is a specialized form of insurance designed to insure buildings or projects against repair or replacement costs while they are under construction and, in some cases, for a specified period afterwards. This insurance will usually also cover build materials, fixtures and appliances all of which are intended to become an integral part of the structure under construction.

This paper will examine the standard Builder’s Risk policy including such issues as who should obtain coverage, the proper amount of coverage, who is covered under the policy and what is actually included or excluded by the policy. Note that this paper will focus only on the coverage provided by the basic Builder’s Risk policy. For a brief discussion of the endorsements and additional policies listed above, see Construction Bonds & Insurance published by Jardine Insurance Services.

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(PDF Format, 24 pgs)