Skip to Content

builders risk policy (BR)

A builders risk policy is a property insurance policy that is designed to cover property in the course of construction.

On This Page

Additional Information


There is no single standard builders risk form; most builders risk policies are written on inland marine (rather than commercial property) forms. Coverage is usually written on an all risks basis and typically applies not only to property at the construction site but also to property at off-site storage locations and in transit. Builders risk insurance can be written on either a completed value or a reporting form basis; in either case, the estimated completed value of the project is used as the limit of insurance.

Related Terms


All risks coverage is property insurance covering loss arising from any fortuitous cause except...

A floater policy is an inland marine property insurance policy that covers personal property...

Inland marine coverage is property insurance for property in transit over land, other moveable...

An installation floater is inland marine coverage on property (usually equipment) being installed...

Property insurance is first-party insurance that indemnifies the owner or user of property for its...