Spot for Builders Risk Insurance
We prepare your project details, get builders risk quotes through brokers and help you buy cover that runs as long as the build does.
Your Spot team collects the project description, location, work completed so far, expected schedule and completed value, along with which costs that value includes and how you’ll report change orders.
Brokers take your project to market, and we show whether each proposal protects materials, fixtures and building equipment, how it treats your contractor’s tools, and what applies at the jobsite, in storage and in transit.
Builders risk insurance
Coverage limits · Policy terms
Alder Builders
Spot flags when coverage starts and ends, how completion, acceptance or occupancy affects it, how a percentage deductible is calculated, and how faulty work and the damage that follows are treated.
Builders risk insurance
Alder Builders · Policy review
Confirm with your broker
Limits, exclusions, and endorsements
Your Spot team keeps the policy, schedule and change-order records together and brings the renewal forward if the project runs past its expected end.
MorganAlder Builders
Let’s prepare the information for your broker and compare the terms, not just the price.
Builders risk insurance policy
Coverage terms · Limits
Share what you do, where you work, the policies you have and any contracts that ask for insurance.
Spot turns it into an application that describes your business the way insurers need to see it.
Spot handles the procurement, sending it to the insurers and markets that cover businesses like yours and chasing every quote.
We put the quotes side by side on limits, exclusions and terms as well as price.
You choose. Spot places the policy for you, and certificates are ready when a customer or landlord asks.
Your project isn’t finished, and the quote has to treat the new work and any existing structure separately.
You need to know whether materials, fixtures and equipment going into the building are protected, and how the policy treats your own tools.
Renovation puts new work next to an existing structure, and each proposal has to say which of them it protects.
If the work runs past its expected end, you need to know when coverage stops and what happens next.
What each industry usually faces, and where Spot fits in.
You or a customer has a project under construction, with equipment or materials installed before handover.
You or a project partner is responsible for property during construction or renovation and needs to identify who insures each project interest and phase.
Your team develops or installs a solar project, and structures, materials, or equipment are on site during construction before permanent operations.
An owned or managed building enters renovation, unit additions, or systems work before occupancy.
The business or its client begins a new build, addition, alteration, or repair and needs to allocate responsibility before the work is complete.
Get quotes from 20+ builders risk insurance providers with Spot.
Coverage needs to be in place before work starts. Share the project details early so you have time to compare proposals.
Completed value can move with each change order. Agree how you’ll report changes before the first one comes in.
Ask when coverage ends if the work runs late, and what happens if completion or occupancy comes first.
Describe the new work and the existing structure separately, so each proposal shows how it treats both.
Storage and transit can carry different terms from the jobsite. Check them instead of assuming protection follows the materials.
Also known as builder’s risk insurance, course of construction insurance and builders risk coverage.
Get quotes from 20+ builders risk insurance providers with Spot. Keep your broker or switch, with no commissions on premiums.
Get StartedRead these before you choose a policy or an insurer.
