Protection during the course of construction
Builders risk insurance is intended for the structure, materials, and project values that exist before a building is finished and occupied.
Builders Risk Insurance
Builders Risk Insurance
Builders Risk Insurance can help protect the parts of your business that create the most exposure, from contracts and premises to property, vehicles, data, or professional work. Any Insurance helps Canadian businesses compare options and understand what needs to be reviewed before they choose a quote.
Where this coverage usually fits
Builders Risk Insurance is most relevant for Contractors, owners, and project teams that need protection for a building while it is being built, renovated, or waiting for completion.
Useful when project values move quickly
As labour, materials, and site conditions change, it is important to keep declared values and timelines aligned with the project.
Often expected by lenders and contracts
Construction contracts, owner requirements, and financing arrangements often specify how builders risk coverage should be handled.
You can also explore contractor insurance, construction business insurance, commercial property insurance, and get a quote.
What underwriters usually want to understand
The more clearly you describe the business, the easier it is to compare meaningful options. For builders risk insurance, that usually includes the following details:
- project scope, construction type, and total completed value
- timeline, site security, and protection against water, fire, or theft
- who has insurable interest in the project
- whether the work is new construction, renovation, or an addition
Common questions about builders risk insurance
Is builders risk the same as liability insurance?
No. Builders risk focuses on physical loss or damage to the project itself, while liability insurance addresses third-party injury or property damage claims.
Who buys builders risk insurance?
Depending on the contract, it may be arranged by the owner, general contractor, or another party with an insurable interest.
Does coverage end once the project is done?
Builders risk policies are temporary and are usually replaced by the next appropriate property coverage when construction is complete.
Talk through your builders risk insurance needs
Share what your business does, the coverage requirement you are trying to meet, and any current policy or renewal details you already have. We will help outline the right next step.
