Builder's Risk Insurance (Course of Construction)
Whether it's an addition, reno, or new build, this specialized policy protects the structure and materials while work is in progress. With access to all major Canadian markets and our in-house Lloyd's capacity, we tailor coverage, limits, and endorsements to your project.
Common Projects We Insure
New home construction
Custom builds, spec homes, and residential construction from permit to occupancy.
Major renovations and additions
Renovations, remodels, second storeys, and projects that significantly change a property.
Commercial builds
Commercial construction projects of various sizes, from small retail to larger industrial facilities.
What's Typically Covered
Insured Perils
Coverage is broad form with examples including fire, theft, wind, vandalism, and other named/insured perils that can impact a build in progress.
The Building and Materials Under Construction
The structure and materials on-site, in temporary storage, or in transit (limits vary by insurer).
Site Liability (Premises Liability)
Job sites are busy. Premises liability covers bodily injury and third-party property damage arising from the job site. For larger or complex projects, we can scale to Wrap-Up Liability.
Temporary and Ancillary Property
Scaffolding, forms, temporary fencing, site signage, and temporary structures.
Insured Perils
Coverage is broad form with examples including fire, theft, wind, vandalism, and other named/insured perils that can impact a build in progress.
The Building and Materials Under Construction
The structure and materials on-site, in temporary storage, or in transit (limits vary by insurer).
Site Liability (Premises Liability)
Job sites are busy. Premises liability covers bodily injury and third-party property damage arising from the job site. For larger or complex projects, we can scale to Wrap-Up Liability.
Temporary and Ancillary Property
Scaffolding, forms, temporary fencing, site signage, and temporary structures.
Need Builder's Risk for an upcoming project?
Send the project details and we'll structure the right coverage.
Quick Checklist: Address and project description, Estimated value (hard + soft), Start/target completion, Construction type, Heat and winter protocol, Site security, Any lenders that need to be added.
Key Things to Know
Pricing - What Affects the Cost
Project type and completed value (hard + soft costs), location and fire protection, construction type, timeline and seasonality (winter heat or shut-off and drain-down), site security, and selected limits and deductibles.
When Coverage Starts and Ends
Coverage should be in place before earthwork starts and materials are on site. Policies can often be issued in flexible 1-month increments and extended as needed. You only pay for active build time.
In-house Lloyd's capacity
We can place a wide range of Builder's Risk through our in-house Lloyd's capacity, which helps us move quickly and handle situations that don't fit the usual box.
Pricing - What Affects the Cost
Project type and completed value (hard + soft costs), location and fire protection, construction type, timeline and seasonality (winter heat or shut-off and drain-down), site security, and selected limits and deductibles.
When Coverage Starts and Ends
Coverage should be in place before earthwork starts and materials are on site. Policies can often be issued in flexible 1-month increments and extended as needed. You only pay for active build time.
In-house Lloyd's capacity
We can place a wide range of Builder's Risk through our in-house Lloyd's capacity, which helps us move quickly and handle situations that don't fit the usual box.
Optional Extensions
Additional coverages that can be added based on project needs and contract requirements.
Frequently Asked Questions
Are water perils covered?
Often limited or excluded by default. We'll pursue overland water and sewer backup options where markets allow, including through our Lloyd's facility.
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