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Builders Risk Insurance in Virginia

Virginia’s 2024 construction general permit allows related on-site or off-site support activities only under conditions: they must serve the permitted construction site, be identified in the registration, stop when the last supported construction activity ends, and have applicable approvals. In Chesapeake Bay Preservation Areas, land-disturbing work from 2,500 square feet to under one acre also requires approved erosion and stormwater plans before work, despite not needing statewide CGP coverage. List every material yard and temporary area in the project plan, then ask the broker to schedule the actual insured locations and dates. 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 Virginia

  • Off-site support areas have conditions in Virginia’s permit

    The 2024 permit allows support activities located on or off site only when directly related to a covered construction site, not a commercial operation or shared site for unrelated projects, and identified in the registration when coverage is filed or modified once known. Applicable approvals are also required. 1

  • Permit authorization for support activity ends with the supported work

    The permit requires a construction support activity not to operate beyond the completion of the last construction activity it supports. Coordinate its actual dates with material delivery and removal plans; insurance location and term remain separate policy questions. 1

  • Sub-acre work can still require approved plans

    Virginia’s Chesapeake Bay Preservation Area rule applies to land disturbance from 2,500 square feet to under one acre. It does not require statewide CGP registration for that category, but erosion-control and stormwater plans must be approved before work, subject to stated exclusions and exceptions. 2

Who Regulates Insurance in Virginia

Virginia State Corporation Commission, Bureau of Insurance

The Virginia State Corporation Commission, Bureau of Insurance administers Virginia insurance laws, oversees insurers and insurance producers within its authority, and provides regulatory and consumer resources. You can use the department's complaint process to raise an insurance issue and its licensing resources to check insurance professionals. 3,4,5

Surplus-lines tax and stamping office

Reported tax rate: 2.25% of premium plus up to 0.1% Bureau Special Fund assessment The NAIC's state chart lists a 2.25% of premium plus up to 0.1% Bureau Special Fund assessment charge for surplus-lines coverage for Virginia (the chart's state entries were reviewed in October 2025). Your broker may collect the applicable amount with the premium. Surplus-lines insurers are not licensed in the state and generally are outside state guaranty-association protection; ask your broker to explain the insurer's financial protections and any diligent-search requirement that applies to your placement. 6,7

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 Virginia

  1. Is the parcel in a Chesapeake Bay Preservation Area, and which locality or state authority approves its plans before any grading or staging?
  2. Does the location schedule include the full work area, temporary storage, and transit, even when the state CGP threshold is not reached?
  3. If local plan review changes the site sequence or completion date, what notice or extension does the quote require?

Builders Risk in Virginia: FAQ

Can a Virginia construction permit include an off-site support activity? 1

The 2024 permit allows related support activity on or off site if it directly serves a covered construction site, is not commercial or shared among unrelated sites, is identified in the registration, meets control requirements, and has required approvals. That permit treatment does not determine insurance at the location. 1

Can a Virginia project under one acre still need local construction controls? 2

Yes. In a Chesapeake Bay Preservation Area, Virginia’s regulation covers land disturbance from 2,500 square feet to under one acre and requires approved erosion and stormwater plans before land disturbance, subject to stated exceptions. 2

Builders Risk in Other States

Other Coverage in Virginia

Sources

  1. 9VAC25-880-70. General permit. Virginia Administrative Code, State Water Control Board; 2024 VAR10 permit effective 2024-07-01 through 2029-06-30; Part I.A.2 support activity limits and Part II.A.1/elements at 55–69, 144–172; official current code accessed 2026-09-28. Accessed 2026-09-28.
  2. 9VAC25-875-740. Land-disturbing activities in Chesapeake Bay Preservation Areas. Virginia Administrative Code, State Water Control Board; Subsection A and B(1)–(2); effective July 1, 2024 per historical note; official code text accessed 2026-09-28. Accessed 2026-09-28.
  3. Virginia State Corporation Commission, Bureau of Insurance. Virginia State Corporation Commission, Bureau of Insurance; Official regulator website; insurance oversight and consumer/professional resources. Accessed 2026-09-28.
  4. Insurance Department Directory. National Association of Insurance Commissioners; Virginia State Corporation Commission, Bureau of Insurance entry; official contact and website listing. Accessed 2026-09-28.
  5. Surplus Lines Insurance Premium Taxes. National Association of Insurance Commissioners; VA row; state surplus-lines premium-tax rate reviewed October 2025. Accessed 2026-09-28.
  6. Guaranty Associations & Funds. National Association of Insurance Commissioners; Coverage of claims from insolvencies of insurers licensed in a state; surplus-lines insurers are nonadmitted. Accessed 2026-09-28.
  7. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. 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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