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AVAILABLE ON V²

Builders Risk

Buildings under construction are extremely vulnerable to risk – from fires to theft to natural disasters. And often, it falls on the business owners and builders to pick up the pieces. At Victor, we provide protection that puts the power back in their hands.

Well-crafted for the world of construction

Our builders risk solutions feature competitive rates, favorable limits and vital coverages that go above and beyond a standard form.

Plus, all policies can be written in the name of the builder or owner.

Builders Risk at a glance

Get a high-level overview of our coverage – all in one place.

Target markets, policy features, a list of our 20 automatic coverages and more. 

Make sense of soft cost coverage

What are soft costs? Why are they worth covering? And how do they lead to out-of-pocket expenses? Find out here.

Two people pointing at on floor plan on a desktop

Agent/broker resources

Quote, bind and issue policies in minutes with V2

  • Register or log in to get started
  • Check out our VPlaybook for guidance on how to get a quote, and for information on registration, billing, FAQs, support and more. 

See it in action! Watch our series of recorded demos

  • V2 demo 
  • Vdemo (application for coastal risks)
  • V2 demo (for when your submission is referred to underwriting for further review)

For a deep dive into V2 and how it can save valuable time and money for your business, watch our webinar, Simple. Flexible. Fast. Discover V2

Availability: Available nationwide*

Minimum premium: $400

Coverage: Admitted with an A++ rated carrier

Billing options: Broker bill or direct bill

Target markets: Residential construction, commercial construction (office buildings, warehouses, municipal buildings, restaurants, shopping center complexes etc.), residential/commercial remodeling, installation floaters.

Policy features:

  • $5M limit for frame, joisted masonry and non-combustible
  • $10M limit for masonry non-combustible and fire resistive 
  • Claim preparation expenses
  • Blueprint and construction documents
  • Fraud and deceit
  • Equipment breakdown
  • Theft of building materials
  • Green building recertification ($10,000 limit)
  • Contract penalties ($10,000 limit)
  • Interest of subcontractors
  • Pollutant cleanup/removal
  • Ordinance or law ($1,000,000 limit)
  • Soft costs
  • Expediting expenses
  • Property in transit ($500,000 limit)
  • Property at temporary storage ($500,000 limit)
  • Business income and extra expenses
  • Permission to occupy
  • Ability to include profit coverage
  • Underwriting guidelines and rates developed for each state and county

*not available in AK and HI

Download the Builders Risk coverage highlights sheet

Berkshire Hathaway Specialty Insurance - Builders Risk policy form

If you have any questions about the policy form, please email buildersrisk.us@victorinsurance.com

Victor Risk Advisory 

To help you and your clients understand and overcome risks, Victor Risk Advisory offers rock-solid industry insights, risk mitigation resources and much more.

Our vast collection of builders risk webinars focus on industry updates, emerging risks, and provide vital tips and guidance on how to ensure your clients stay protected. 

Access our full library of builders risk webinars

Contact the builders risk team directly:
T: (800) 944-7472
E: buildersrisk.us@victorinsurance.com.

Alternatively, connect with your business development contact.

Policyholder resources

To get a quote, please send a request to your insurance agent/broker. Your insurance agent/broker can work with our underwriters to provide you with a quote.

If you need assistance in securing an insurance broker, you can use our find an insurance agent/broker tool

 

Berkshire Hathaway Specialty Insurance

In the event of a claim, please notify via:

The world is changing at an unprecedented pace. And complex new risks are emerging every year.

To help you understand and overcome these challenges, Victor Risk Advisory offers rock-solid industry insights, risk mitigation resources and much more.

Save time and money with V²

If you’re an agent or broker, see how our online quoting platform can streamline your work and remove the stress from the entire quoting process.

Construction site theft prevention insights

Get detailed guidance to help your clients prevent theft on their construction sites.

Red crane on construction site for tall building

Discover our other solutions

Our wide range of solutions provides protection on more fronts. No matter how complex, no matter the scale, we strive to leave no stone unturned in covering our clients.

Automotive Dealerships

Targeted, rounded solutions that keep pace with the automotive industry’s emerging risks.

Builders Risk

Protects buildings under construction from fires, theft, natural disasters and much more.

Business Owners Policy

Specialty insurance for small and midsize businesses, covering essentials like property damage and business interruption.

Contractors Equipment

Broad inland marine coverage for direct physical damage and loss to mobile machinery and equipment used for construction projects and other activities.

Cyber

Designed for a whole host of cyber threats, such as cybercrime, system damage, business interruption and even court attendance costs.

Design, Construction & Consultants

Far-reaching and flexible solutions for design and construction professionals. Includes professional liability; errors and omissions and property and casualty.

Developers Errors & Omissions

Protects against the complex risks that come with real estate development services. Offers the flexible coverage developers need to navigate today's risk landscape.

E&S Property and General Liability

Excess and Surplus coverage for unique and hard-to-place risks. Available to a broad appetite across several industries.

Flood

Protects against major damage to homes, businesses and personal property caused by floods. Includes an industry-leading, web-based flood portal and access to real-time flood policy insurance.

Forest & Logging

Competitively priced coverage for property, general liability, including loggers broad form property damage, commercial auto, inland marine and umbrella coverage.

General Liability

From artisan contractors to fitness instructors, we offer essential and comprehensive protection against injury, illness and property damage for businesses.

Kidnap, Ransom & Extortion

Available to practically any type of company or high net worth individual. We provide guidance on predicting and preventing these events - plus access to a leading international crisis response firm.

Miscellaneous Professional Liability

Protects against claims arising from professional malpractice. Covers a breadth of industries from advertising to surveyors, with limits up to $5m.

Non-Profit Management Liability

Protects non-profits' directors, employees, volunteers and more from a wide selection of risks. These include directors' and officers' liability, employment practices liability and other vital coverages.

Private Company Management Liability

Privately held organizations are vulnerable to a whole host of allegations. Our program provides D&O, EPL and several other essential coverages to help protect private companies.

Public Entities

We have a wealth of experience working with cities, counties, special districts, schools and colleges across the US. We're focused on providing underwriting and administrative services to public entity pools – and helping retail insurance brokers in finding markets for their public entity and school clients.

Real Estate Errors & Omissions

Real estate transaction risks are always on the move. Our insurance keeps up with flexible coverage for real estate agents, brokers, appraisers and more.

Reinsurance

If you're a small to midsize US insurer, we offer a number of programs to support your risk portfolio. With first-rate financial strength ratings, you know you're in safe hands.

Workers' Compensation

Top-tier wage replacement and benefits for employees who've been injured at work. Features super reactive claims services and limits of up to $1m.