BUILDER'S RISK
Protecting Construction Projects from the Ground Up
Central’s Builder’s Risk coverage offers robust supplemental coverages, generous sublimits, and a pro-rated premium return for early completion. Backed by a dedicated underwriting team with decades of construction experience, we’re proud to be a partner contractors can rely on to protect their projects from start to finish.
Attractive Markets
New Construction
Builder’s Risk written at the start of new construction
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In-Appetite Classes
Remodels and Renovations
Work performed by licensed contractors
Existing building age is 75 years or less
Structure is unoccupied during remodel or renovation
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The Right Fit for Central
Meet our ideal Builder's Risk client.
Our Ideal Account Characteristics
Three or more years in business
No coastal exposure
Good protection class (excluding classes 9 and 10)
Prefer superior construction but have capacity for frame or joisted masonry up to $10M
HOW TO QUOTE
Speed is key in construction, and insurance shouldn’t slow contractors down. We’ve simplified our Builder’s Risk quoting process to be quick and easy. Check out the video below to see how it works.
Pro-rated Premium Return
Builder's Risk provides a pro-rated premium return for the unused coverage period when completing a project ahead of schedule.
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Additional Insured
Automatically includes contractors, subcontractors, and owners as insureds when required by written contract.
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Coverages
The foundation of our standard Builder’s Risk policy.
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Fire Protection Equipment—$25,000
Covers direct physical loss to fire protection equipment and the cost of recharging equipment discharged while fighting a fire at the reported location.
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Green Coverage—$50,000
Provides coverage for projects designed to meet sustainable “green standards.” Includes expenses to restore indoor air quality, hire a qualified professional to oversee restoration, re-certify the building, and comply with new “green standards” rating criteria.
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Project Trailers—$100,000
Covers direct physical loss to temporary structures, office trailers, and construction trailers at the reported location.
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Office Trailer Contents—$10,000
Covers direct physical loss to office furniture, fixtures, and equipment in covered office trailers.
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Re-erection of Scaffold or Tower Crane—$10,000
Covers the cost of re-erecting scaffolding or tower cranes when damaged or lost due to a covered peril.
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Sewer and Drain Backup—$25,000
Provides coverage for loss to covered property caused by water that backs up or overflows from a sewer, drain, sump, or septic tank at the reported location.
Construction
Protects vehicles, tools, and crews in transit to and from the jobsite.
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Manufacturing
Covers vehicles used for deliveries, service calls, and transporting goods.
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Small Business
Safeguards company cars and employees while on the clock.
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Transportation
Provides essential coverage for fleets, drivers, and cargo in transit.
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“Central is a leading market for Builder’s Risk. Our underwriters are highly trained, deeply knowledgeable about the ins and outs of contractor needs, and ready to support you every step of the way.”
Rachel Pinsonneault
Commercial Lines Staff Underwriter
$12.7M
Central currently writes $12.7 million in Builder’s Risk premium.
+250%
Builder’s Risk premium has grown 250% over the past five years.
7%
Builder’s Risk makes up 7% of our total construction written premium.
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Why Central
Central was founded on a commitment to three core values: relationships, integrity, and excellence. Nearly 150 years later, this promise continues to drive us to build strong agent relationships, deliver exceptional customer service, and provide products aligned with the needs of those who place their trust in us each day.
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