Builders Risk Insurance
Comprehensive builders risk coverage safeguarding your construction projects, providing property protection and guest safety assurance, allowing you to build with confidence and peace of mind.
A tailored expertise for builders - mastering complexities, risks and regulations.
With decades safeguarding construction projects, our expert advisors bring deep understanding of builder's risks to every client relationship. We collaborate closely to craft insurance solutions protecting against property damage, work stoppages, and subcontractor negligence while anticipating regulatory evolution. Our commitment to proactive guidance ensures your construction firm maintains robust protection as projects and portfolios grow.
Endorsed construction insurance experts serve contractors, developers, and builders of all project scales. Closely tracking building codes, safety regulations, and material/equipment hazards, we take a proactive risk management stance. Our specialized expertise translates into comprehensive coverage against construction defects, worksite incidents, and weather-related property damage.
Transcending basic protection with tailored solutions for builders. Coverage ranges from property and equipment to liability and income losses, leaving no vulnerabilities in your comprehensive construction safeguards.
Hear from our customers
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Have been a client for almost 7 years. Kristina catches the phone on the first ring, makes me feel like I am the most important call of her day and always goes the extra mile to meet my needs or solve my problem. She is a keeper!!! She makes TWFG Khan Insurance Services better!!!!
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My Company CDS Protective Services LLC was in need of insurance and I was so frustrated that other companies had not getting back with me. I called Kristina on a late afternoon and had it all taken care of by the next morning. Kristina was knowledgeable and explained everything to me on the phone.
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Our company was in need of insurance and we were frustrated through other companies not getting back with us. I called Sameer on a late afternoon and had it all taken care of by 11:00 the next morning. He was knowledgeable and explained everything on the phone.
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TWFG Khan Insurance Services assisted our small family owned trucking company with commercial insurance in our first year of business. They were able to get us with the best company that would provide us a policy with the lowest rate. Not only that but their staff provides the most exceptional service, especially Chandler Bennett.
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Comprehensive professional protection, tailored to your industry's unique risks and compliance needs.
• Covers direct physical damageto insured property such as buildings, equipment, and materials at construction site
• Protects against perils like fire, hail, wind, theft, vandalism, and vehicle impact while construction is ongoing
• Includes debris removal costs, demolition expenses, and fees for architects and engineers to rebuild
• Covers temporary structures like scaffolding, fences, job site trailers, and storage sheds used during construction
• Protects materials and equipmentwhile being transported to and from construction sites
• Covers damage or loss during inland transitvia trucks, trains, or other overland modes of transportation
• Includes theft, accident, or overturnof the transporting vehicles carrying construction materials and supplies
• Also covers waterborne shipments like bargesand ferries moving equipment and supplies to coastal construction sites
• Reimburses extra expensesincurred due to construction delays caused by covered losses
• Covers costs like additional interest, real estate taxes, employee payroll, and rental income losses
• Includes expenses for temporary locations, offices, storage facilities, and utilities during rebuilding
• Offsets costs of legal and accounting fees, advertising and promotional expenses incurred due to project delays
• Includes ordinance or law coveragefor increased costs to comply with updated building codes
• Provides liability coverage for injuriesor damage to third parties at construction sites
• Covers losses due to testing and startup delays, defective design, materials, or workmanship errors
• Protects against equipment breakdownsand mechanical or electrical failures during construction
On average, Builders Risk Insurance costs around $2,500 annually; however, individual premiums vary based on several factors:
Higher project values and extended timelines generally warrant increased premiums, as there is greater potential for losses during construction.
Projects in areas prone to natural disasters or with challenging site conditions typically face higher premiums due to elevated risk.
Projects using specialized or combustible materials, or complex construction methods, often require higher premiums to account for increased risk exposure.
Experienced contractors with solid track records and comprehensive risk management practices can secure lower premiums than those with limited experience.
Unique or complex projects, such as tunneling or high-rise construction, generally demand higher premiums to mitigate potential risks.
Frequently Asked Questions
Quick answers to questions you may have. Can’t find what you’re looking for? Contact us here.
Builders Risk Insurance covers property damage, theft, and losses during construction. Coverage begins when materials arrive and ends upon completion. Key risks include fire, vandalism, wind, hail, vehicle collisions, and water damage. Premiums depend on project cost, duration, and location risks. Coverage excludes contractors' tools, injuries, and faulty workmanship. Early enrollment secures protection aligned with construction phases.
The coverage limit should equal the full completed value, including materials, labor, fees, and projected profit. Obtain estimates from architects, engineers, and contractors to accurately assess replacement costs. Underinsuring leaves you exposed to coinsurance penalties for partial losses. Regularly review limits to account for change orders and escalating material costs. Consider builder's risk policies that automatically increase limits.
Higher premiums or additional policy conditions may apply to projects deemed high-risk due to location, size, methods, or materials. Examples include sites prone to severe weather, coastal areas, large urban projects, specialized construction techniques, or flammable materials. Insurers may mandate stricter safety protocols, on-site security measures, or third-party inspections. Early collaboration with underwriters ensures appropriate coverage for unique risks.
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For over a decade, TWFG Khan Insurance Services has been the trusted partner for businesses across Texas and neighboring states. We specialize in complex insurance solutions for maritime, oil & gas, and construction industries where standard coverage isn't enough.
Don't let gaps in coverage put your business at risk. Our team of specialists will work with you to create a comprehensive protection plan that keeps your business secure and compliant.
Join the hundreds of businesses who trust us with their most critical insurance needs.
