Specialty Brokerage · BUILDER'S RISK

Builder's Risk Insurance for Contractors at$1M+

For contractors and project owners working at scale, builder's risk insurance covers the project itself while it is under construction: the building, the materials on site, and the labor going into it. UCI sets up coverage sized to the job and the schedule, so a fire, storm, theft, or similar loss is less likely to stall the project or reach the business.

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CPCU · CRIS

Credentialed Advisors

What We Do

Builder's Risk Coverage Sized to the Project You Are Building

A fire, a windstorm, a theft of materials, or vandalism on an active site can stall a project and put the schedule and the budget at risk before the building is ever finished. The larger the job, the more there is to lose if that happens.

UCI helps established contractors and project owners set up builder’s risk coverage that fits the actual project: the completed value, the construction timeline, the materials moving on and off site, and who needs to be covered. Reviewing those details before work starts is designed to reduce the chance of a covered loss turning into a stalled job or an uninsured expense.

Our Approach

A Better Process for Designing the Right Builder's Risk Coverage

Our four-step process sets builder’s risk coverage against the value of the project, the length of the construction schedule, and the way materials and work move across the site.

The result is more than a policy quote. It is coverage shaped by real construction experience and designed to respond if a covered loss hits the project during construction.

Discovery

Understand the Project Before Recommending Coverage

UCI reviews the project’s completed value, the construction schedule, the site and storage arrangements, and any coverage required by the owner contract or the lender. This shows where current coverage may fall short of what the job actually needs.

Design

Match the Limit and the Term to the Job

UCI uses what we learn in discovery to set the policy limit to the project’s completed value and the coverage period to the full schedule, with room for the delays and change orders that larger jobs tend to bring.

Placement

Bring the Program to Carriers Who Know Construction Risk

Once the design is set, UCI brings the builder’s risk program to experienced carriers. Coverage is matched to the project’s size, the materials involved, and the length of the construction period, with attention to terms and to each carrier’s record on construction claims.

Stewardship

Keep Coverage Aligned as the Project Moves

UCI stays involved after coverage is in place, helping with certificate requests, change orders that affect the value, schedule extensions, and the handover to a permanent property policy when the building is complete. As the project changes, the coverage is reviewed so it keeps matching the work on site.

Coverage Depth

Builder's Risk Coverage for Larger Construction Projects

Builder’s risk matters most when something damages the project before it is finished. UCI sets up the policy so the limit, the coverage period, and the property included all fit the job, and so the coverage is there to respond if a covered loss lands during construction.

Set the Limit to the Project's Completed Value

The policy limit should reflect what the finished project is worth, not just what has been spent so far. If the limit is set too low, a major loss late in the job can leave part of the rebuild uncovered. UCI reviews the completed value and sizes the limit to it, so the coverage can keep pace as the work and the value grow.

Match the Coverage Period to the Full Construction Schedule

Builder’s risk runs for the construction period, then ends. Large projects often run past the original date, and a policy that expires before the work is done can leave the final stretch unprotected. UCI sets the term to the real schedule and helps extend it when delays or change orders push the timeline, so coverage does not lapse while crews are still on site.

Cover Materials On Site, Off Site, and In Transit

Materials can be damaged or stolen before they are ever installed: stored in a yard, sitting in a warehouse, or moving to the site on a truck. A standard policy may limit or leave out those locations. UCI reviews where materials sit and how they travel, and sets up the policy so off-site storage and transit are addressed rather than assumed.

Plan for Soft Costs and Delays in Completion

A covered loss does not only cost the price of the rebuild. It can also delay the opening, which adds loan interest, lost rent or income, and the cost of re-permitting or re-inspection. These are called soft costs. UCI helps decide whether to add soft-cost and delay coverage, so a setback during construction is less likely to turn into an uncovered financial hit after it.

Coordinate Builder's Risk with Wrap-Up Programs and the Permanent Policy

On a project covered by an owner- or contractor-controlled program, the wrap may carry the builder’s risk for the covered work. Even then, other projects, off-site materials, and the moment the building converts to a permanent property policy still need attention. UCI reviews how the builder’s risk coordinates with any wrap and with the policy that takes over at completion, so coverage does not lapse in the handoff or double up in one place.

The Team

Meet Your Builder's Risk Advisors

When you call UCI, you reach a senior advisor by name, not a routing queue. These are the people who will handle your engagement.

Ryan Munoz

CRIS · MBA · Licensed P&C Agent

Senior advisor on large, complex contractor accounts with detailed insurance requirements built into their contracts. Manages a book exceeding $6M in premium.

Joe Grebenstein

CRIS · B.L.A.S., Arizona State

Commercial insurance specialist focused on construction and contractor risk. Works extensively with large, complex contractor accounts across multi-state operations.

Joe Hennessey

Licensed P&C Broker · Construction Specialist

Years of experience working with hard-to-place construction trades and niche contractor operations on high-stakes commercial projects.

Shawn Jason

Property and Casualty Licensed · CRIS Certified

Extensive experience supporting contractors with customized insurance programs, risk strategies, and coverage solutions for complex construction operations.

Client Voice

Why Contractors Choose UCI for Builder's Risk Coverage

“Miami Roofing Solutions has had an excellent experience working with Affordable Contractors Inc. for our General Liability coverage. Their team provides outstanding service, quick response times, and competitive pricing tailored to contractors in the construction industry. They are professional, knowledgeable, reliable, and make the insurance process smooth and efficient. We highly recommend Affordable Contractors Inc. to any contractor or business looking for a dependable insurance agent who understands the industry and delivers great value.”

“Dennis V was absolutely the greatest. He listened to our needs and got us the coverage we needed in a timely fashion. He was super knowledgeable, professional, and extremely nice as well as accommodating. I would highly recommend him to anyone in need of commercial business insurance.”

“Quick response and follow up call to discuss my needs. The estimate came fast and included options to limit my exposure beyond a standard policy. I shopped around but came back to ACI because of their knowledge, guidance and my general ease of understanding what I was getting. Joelle was great to work with. My new liability policy will grow with my business and keep me protected!”

“This was my first time searching for this type of insurance, and Joe made the process simple and informative. He understood what I needed, clearly explained the different coverage options, and gave me the information I needed to make a confident decision. He was patient with my limited internet experience and walked me through each step until everything was complete. After 30 years in construction, this was by far one of the most helpful and easy-to-understand insurance conversations I've had. I will definitely recommend Affordable Contractors Insurance to other contractors.”

“They made it easy to get the specialty coverages I needed. So many others struggled to get me what was required and they knew what was needed and how to handle it. Amazing group and they got me up and running fast for way less than I was quoted elsewhere.”

*UCI is a division of Affordable Contractors Insurance (ACI)

Start the Conversation

Request a Risk Review for Your Builder's Risk Coverage

A risk review is a discovery call with a senior advisor to talk through your project, the property under construction, and the coverage the job calls for. After the call, we provide an in-depth review you can use to make informed decisions about your builder’s risk coverage.

Who We Serve

Builder's Risk Programs for Specific Contractor and Project Types

UCI works with contractors and project owners involved in larger construction projects, whether they carry the builder’s risk directly or need their work and materials reflected in the project’s coverage. The types most often engaged with UCI include:

Commercial General Contractors

Carrying the builder's risk on vertical commercial, multi-family, and tenant improvement projects from groundbreaking to completion.

Design-Build and EPC Firms

Single-source delivery where one entity holds responsibility for the project and the coverage on it.

Large Builders and Developers

Multi-phase residential, commercial, and mixed-use work where each project carries its own value and schedule.

Mechanical and Electrical Contractors

Large installation work where the value of equipment and systems on site needs to be reflected in the project's coverage.

Commercial Roofing Contractors

High-value roofing on commercial, institutional, and industrial projects where weather and theft are live concerns during the job.

Restoration and Environmental

Reconstruction and remediation work where the property is mid-repair and a second loss can stall the project.

Heavy Civil and Infrastructure

Roadway, bridge, utility, and large site work with long schedules and significant materials on site.

Specialty Trade Contractors

Concrete, excavation, glazing, waterproofing, fire protection, and other trades whose work and materials carry real value on an active project.

FAQ

Common Questions About Builder's Risk Coverage

Who buys builder's risk, the owner or the contractor?

Either can, depending on the contract. On many projects the owner carries the builder’s risk, while on others the general contractor does. What matters is that everyone with a financial stake in the project (the owner, the general contractor, and sometimes key subcontractors) is named on the policy, so a covered loss is handled cleanly instead of becoming a dispute over who was insured. UCI reviews the contract and helps confirm the policy names the right parties.

What does builder's risk cover, and what is usually left out?

Builder’s risk generally covers physical loss or damage to the project while it is under construction, from causes like fire, wind, theft, and vandalism, along with the materials going into the building. Some causes are commonly excluded or need to be added separately, such as flood, earthquake, and certain design or workmanship issues. Because the details vary by policy and project, UCI reviews the form against the specific job so you understand what is covered and where coverage may need to be added.

How long does builder's risk coverage last?

Builder’s risk is written for the construction period and ends when the project is finished or occupied. The challenge on larger jobs is that the schedule often runs longer than planned. If the policy expires before the work is done, the final stretch can be left without coverage. UCI sets the term to the real schedule and helps extend it when delays push the timeline, then coordinates the handover to a permanent property policy at completion.

Does builder's risk cover materials stored off site or in transit?

It can, but it is not always automatic. Materials waiting in a yard, sitting in a warehouse, or moving to the site on a truck may be limited or left out under a standard policy. UCI reviews where your materials are stored and how they travel, then sets up the coverage so off-site storage and transit are addressed rather than assumed.

Do I still need builder's risk if the project has a wrap-up program?

Often the wrap-up program carries the builder’s risk for work on the covered project, but it may not extend to other jobs, off-site materials, or the period after the building converts to a permanent policy. UCI reviews how the builder’s risk coordinates with any wrap, so the project is covered without paying twice for the same protection.

When should a contractor request a risk review instead of just asking for a quote?

A risk review makes sense when the project value, the schedule, or the way materials and parties are involved has become more than a standard quote process can address. For larger projects, the question is not only what the policy costs. It is whether the coverage actually responds if a loss hits the project before it is finished.

FROM GROUNDBREAKING TO HANDOVER

Builder's Risk Coverage That Keeps Up with the Project You Are Building

Each project brings its own value, timeline, and site conditions, and the coverage has to match all three. A policy sized for a smaller job, or written for a shorter schedule, may not respond the way you expect if a loss lands late in construction. UCI helps established contractors and project owners review whether their builder’s risk coverage fits the work in front of them, and how it should respond if a covered loss hits before the building is done. A Risk Review with a UCI senior advisor is the first step.