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Builders Risk in Indiana

Indiana requires prior DNR approval for specified work in state-waterway floodways, including structures, deposits and excavation, and an unmapped floodway may still be regulated. FEMA floodway projects also raise a separate local no-rise or CLOMR step, so confirm the applicable path before fixing the start date. 1,2

What Is Builders Risk?

Builders risk protects the project you are building, including materials meant for it, against physical loss until construction ends. The gaps that cost owners money are materials in storage or transit, the existing building in a renovation, and coverage ending when you occupy early. Read the national Builders risk guide.

What to Watch for in Indiana

  • Do not treat an unmapped floodway as unregulated

    Indiana DNR says floodways exist for all waterways even where not mapped and advises consultation for projects in unmapped areas. Ask DNR and the local official to screen the building, fill, access and staging footprint before mobilization. 1

  • Separate FEMA's no-rise path from the state permit

    For projects in FEMA-mapped floodways, Indiana DNR describes a no-rise certification or CLOMR process before construction, with a LOMR after work for the CLOMR route. DNR also says its state floodway law still allows up to 0.14 feet cumulative surcharge, while FEMA/local NFIP rules require 0.00 feet or the applicable map-revision path; confirm both approvals rather than assuming one substitutes for the other. 2

  • Screen temporary work and deposits too

    Indiana's Flood Control Act coverage described by DNR includes structures, obstructions, deposits and excavations in the floodway, not only the finished building. Have the engineer identify temporary fills, equipment and material staging that may need review so permit sequencing does not extend the period the project is exposed. 1,2

Who Regulates Insurance in Indiana

Indiana Department of Insurance

The Indiana Department of Insurance licenses and regulates insurance companies and producers, reviews rates and policies, and investigates consumer complaints. Its Consumer Services Division accepts complaints and the Department provides company and license searches. 3,4,5

Surplus-lines tax and stamping office

Reported tax rate: 2.5% of gross premium when Indiana is the home state Indiana’s surplus-lines premium tax is 2.5% when Indiana is the insured’s home state. Surplus-lines policies are outside Indiana guaranty-fund protection; before you buy, confirm the insurer’s identity and financial strength with your broker. 6,7,8,9

Providers With Documented State Licenses

No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. Check the regulator’s license lookup and confirm availability with a provider when requesting a quote.

Questions to Ask Before You Buy in Indiana

  1. Has DNR confirmed whether the site lies in a mapped or unmapped state-waterway floodway, and which temporary construction activities are in scope?
  2. For a FEMA floodway, who will prepare the no-rise analysis or CLOMR/LOMR documents, and what are the local permit hold points?
  3. What flood, surface-water and resulting delay terms are included in the policy for the site, temporary works, stored materials and access?

Builders Risk in Indiana: FAQ

Does an unmapped Indiana floodway mean DNR has no authority? 1

No. DNR says floodways exist for all waterways even if they have not been mapped; consult the Division of Water about a proposed project in an unmapped area. 1

Does an Indiana DNR floodway permit alone satisfy the FEMA no-rise process? 2

DNR says FEMA no longer treats the state permit as satisfying the federal no-increase requirement; FEMA floodway projects may need a no-rise certification or CLOMR and a later LOMR, subject to the project path. 2

Builders Risk in Other States

Other Coverage in Indiana

Sources

  1. Regulatory Programs. Indiana Department of Natural Resources, Division of Water; Flood Control Act scope, prior approval and mapped/unmapped floodway discussion; lines 111–135. Accessed 2026-09-28.
  2. No-Rise Certification for Floodways. Indiana Department of Natural Resources, Division of Water; FEMA floodway no-rise/CLOMR steps and distinction from Indiana's 0.14-foot cumulative surcharge authority; lines 21–30. Accessed 2026-09-28.
  3. Indiana Department of Insurance. Indiana Department of Insurance; Official regulator homepage and insurance oversight. Accessed 2026-09-28.
  4. Company/Entity Financial Compliance. Indiana Department of Insurance; Official Company Lookup queries live department data on licensed entities; producer resources linked separately. Accessed 2026-09-28.
  5. Submit a Complaint Online. Indiana Department of Insurance; Online complaint portal and published consumer phone. Accessed 2026-09-28.
  6. Indiana Code § 27-1-15.8-4: Tax on surplus lines insurance. Indiana General Assembly; 2.5% tax and insured home-state application. Accessed 2026-09-28.
  7. Surplus Lines Agent Licensing. Indiana Department of Insurance; Official IDOI surplus-lines agent and company guidance; identifies surplus-lines insurers as companies not licensed to transact admitted insurance in Indiana and statutory eligibility conditions. Accessed 2026-09-28.
  8. Guaranty Associations & Funds. National Association of Insurance Commissioners; Overview of state guaranty-association scope and nonadmitted insurers. Accessed 2026-09-28.
  9. Guaranty Funds. Indiana Department of Insurance; Department description of Indiana P&C and life/health guaranty funds and their limits; together with the Department's surplus-lines company page distinguishing these nonauthorized companies from licensed insurers. Accessed 2026-09-28.
  10. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  11. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  12. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  13. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  14. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  15. About Risklytics. Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16.
  16. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  17. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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