AIG vs Alliance Risk: How Do They Compare for Builders Risk Insurance?

AIG markets Builders Risk as a construction property insurance solution for single projects and master programs. AIG is the marketing name; the page says products are written or provided by AIG subsidiaries or affiliates and does not identify the issuing company for a particular policy. ³Company-reported. AIG’s U.S. Builders Risk product page and its general legal footer. This establishes AIG’s marketed product and issuer structure, not the insurer on an individual quote, binder or policy.

Alliance Risk, described on its site as a brokerage, arranges builders risk placements through what it calls "strong carrier partnerships"; the builders risk page does not name a specific issuing insurer. ^7,8Company-reported. Builders risk product page and the general brokerage disclosure on the coverage catalogue page.

The page describes solutions for a range of construction projects, including small, mid-sized and complex projects, and says AIG develops domestic, multinational and multi-year arrangements. It also describes customized options for wood-frame structures. These are marketed capabilities, not eligibility guarantees. ³Company-reported. Project types and program configurations stated on AIG’s U.S. Builders Risk page. The page does not provide a complete underwriting appetite or state-by-state availability schedule.

Alliance Risk lists property owners, real estate investors, developers, general contractors, construction managers, and architecture and engineering firms as common builders risk buyers. ⁷Company-reported. Builders risk product page, Who Needs Builders Risk Insurance? section.

AIG describes tailoring project coverage to construction risks and gives an example of arranging coverage for a project standstill and an extension for the expected remaining project term. These examples do not establish that any buyer is entitled to a standstill extension or that it is included in a policy. ³Company-reported. AIG’s illustrative Builders Risk marketing examples. The page directs interested buyers to the actual policy for coverage scope, limitations, terms, conditions and exclusions.

Alliance Risk's builders risk offering bundles inland marine coverage for tools, machinery and materials in transit or stored off-site alongside the course-of-construction policy, and supports OCIP, CCIP and wrap-up structures for multi-party projects. ⁷Company-reported. Builders risk product page; actual policy structure depends on the carrier and the policy as issued.

The reviewed product page does not state a standard policy limit, deductible or retention. AIG says coverage depends on the actual policy language; confirm the applicable amounts and conditions in the quote and issued policy. ³Not publicly disclosed. AIG’s U.S. Builders Risk marketing page as reviewed on 2026-09-30. No buyer-specific quote, declarations or policy form was reviewed; this is not a finding that such terms are unavailable from AIG.

Alliance Risk's builders risk page does not publish specific policy limits, deductibles or soft-cost sublimits. It contains inconsistent percentage and dollar premium illustrations—1%–4% of total construction value and $25,000–$100,000 on a $5 million build—that cannot be used as a reliable budget or quote. ⁷Not publicly disclosed. Builders risk product page as read on 2026-09-23; the published premium illustrations are inconsistent and are not a reliable estimate.

AIG says its risk engineers can work with clients on loss-prevention improvements and customized service plans, including loss-control reports. The page describes these as risk services and does not make them policy coverage or a guaranteed loss outcome. ³Company-reported. Company-described services on the U.S. Builders Risk page; availability for a particular account is not specified.

Alliance Risk says its builders risk process includes project scope review and risk benchmarking across timeline, geography, materials and subcontractor risk, done in collaboration with the project owner, developer and contractor. ⁷Company-reported. Builders risk product page, Our Approach to Builders Risk section.

AIG states that, after property-damage coverage is confirmed, it promises working funds equal to 50% of its share of the agreed property-damage estimate within seven days. This is AIG’s stated claim-funding service condition; the page does not make it a general claim-payment deadline or establish policy entitlement for every loss. ³Company-reported. Conditional company statement on the Builders Risk page. It applies only as described there and remains subject to the actual policy and claim circumstances.

Alliance Risk says its construction claims team provides claims advocacy for builders risk policyholders from an initial loss through project closeout, aiming to reduce downtime and financial disruption. ⁷Company-reported. Builders risk product page, The Alliance Risk Difference section; outcome statements are company-reported and not independently verified.