Builder's Risk Insurance
Builder's Risk Insurance
Protect what you’ve built—get the right insurance in place before the unexpected happens.
Builder’s Risk Insurance from Income Resource Group
No two construction projects are the same—and your insurance coverage shouldn’t be either. Builder’s Risk Insurance is designed to protect your project from start to finish, covering damage to structures, materials, and equipment during the build.
At Income Resource Group, we help you customize your policy with the right extensions to match your timeline, budget, and risk exposure—so your work stays protected from the unexpected.
Let’s build a policy that fits your project, your goals, and your peace of mind.
Also known as course of construction insurance, builder’s risk insurance is a specialized type of property coverage designed to protect structures under construction. Whether it’s a new build or a major renovation, this policy helps cover damages to the building itself as well as materials on-site—whether they’re installed or waiting to be.
It’s a must-have for most contractors, as many property owners require proof of this coverage before work begins.
Your policy limit should reflect the full value of the finished project—including materials and labor, but not the land. Using your construction budget as a guide is often the best way to ensure you’re fully covered.
At Income Resource Group, we’ll help you structure the right coverage from day one—so your project stays protected from the ground up.
Most Builder’s Risk Insurance Policies Help Cover Damage From:
- Fire
- Lightning
- Theft
- Vandalism
- Wind (coverage may be limited in coastal areas)
- Hail
- Explosions
- Damage caused by vehicles or aircraft
At Income Resource Group, we’ll help you understand exactly what’s included in your policy—and where additional protection may be needed—so there are no surprises along the way.
Builder’s Risk Insurance helps protect your project—and your bottom line.
This specialized coverage safeguards construction projects against property damage caused by covered events. But it also goes further. If damage causes delays, your policy can help cover indirect costs that add up quickly, such as:
- Lost sales or business opportunities
- Rental income you expected to earn
- Increased interest on construction loans
- Ongoing real estate taxes during the delay
Because no two construction projects are alike, builder’s risk insurance can be customized to fit your timeline, budget, and scope. At Income Resource Group, we’ll help you tailor the right policy—so your work stays protected from start to finish.
It’s a common question: “If I already have contractor’s general liability insurance, why do I need builder’s risk coverage too?” While they might seem similar, these two policies serve very different purposes—and both are essential for full protection on a job site.
Builder’s Risk Insurance covers the property and materials involved in the construction project itself. It protects against damage to the structure, equipment, and supplies during the build.
On the other hand, Contractor’s General Liability Insurance protects you from third-party claims—like bodily injury or property damage—resulting from accidents on the job. If someone is injured or property is damaged due to your work, this is the coverage that steps in.
Together, they help ensure your business, your project, and everyone on-site are protected from both direct and indirect risks.
Connect with Income Resource Group today to learn how to layer your coverage for stronger protection.
If your current builder’s risk policy isn’t delivering the support, coverage, or value you expect—whether it’s a poor claims experience, unexpected rate increases, or limited flexibility—it might be time to explore other options.
That said, timing is everything. Canceling a policy before your new coverage takes effect could leave your project exposed to serious risks.
At Income Resource Group, we make switching simple and secure. We’ll review your current policy, walk you through better alternatives, and ensure your construction stays protected—without interruption.
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