Builders Risk Insurance

Builders risk insurance, also called course of construction coverage, protects the financial investment in a construction project from the ground-breaking phase through completion. It covers the structure being built, materials on-site or in transit, temporary structures, and sometimes soft costs like architectural fees if a covered loss delays the project. Policies are typically written for the duration of the construction period with limits equal to the completed project value. In COI compliance, verifying builders risk coverage is critical for any active construction project. Certificate holders confirm that the policy covers the full project value, names relevant parties as additional insureds or loss payees, and runs through the anticipated completion date. Gaps between builders risk expiration and permanent property coverage represent a significant compliance risk that tracking platforms must flag proactively.