Should You Use a Builders Risk Insurance Broker?
Use a builders risk broker when you need access to multiple markets or help comparing complex project terms; confirm fees and post-sale service before hiring one.
Yes, if you need help finding insurers that accept your project or comparing complex terms. California’s guide distinguishes a broker who can approach insurers from an agent who represents insurers, and either may receive compensation.
Ask which builders risk markets the broker can access, how the broker is paid, and who will service endorsements and claims questions. Give each market the same plans, budget, completed value, schedule, ownership structure, and contract requirements so you can compare equivalent proposals.
