Coverage for Work in Progress
Protect the Structure While it’s Being Built
Builder’s risk insurance, also called course of construction coverage, protects a project while it’s under construction or major renovation. It focuses on the property side of risk: the building, the materials on site, and often materials in transit or temporarily stored off-site.
On Florida jobs, that can matter a lot. Wind events, theft, job-site fires, and sudden weather shifts can set a project back quickly. GM Insurance Underwriters helps you set coverage for the
full value of the completed build, so a loss doesn’t derail your schedule or your budget.
What builder’s risk covers
Common protections and key gaps
Most policies cover damage from fire, theft, vandalism, and many weather events. The exact triggers depend on the carrier and the endorsements. We’ll confirm details like wind coverage, deductibles, and how materials are handled while in transit.
Builder’s risk does not replace liability coverage, and it typically excludes flood unless added separately. That’s why most contractors pair it with
general liability, workers’ comp, and a dedicated
flood policy when the site calls for it.
Clear Answers Before You Break Ground
Is builder’s risk required in Florida?
Not by statute, but contracts and lenders often require it for any meaningful construction project.
Does it cover theft of materials?
Yes, theft of covered materials is commonly included, subject to deductible and site-security expectations.
How long does coverage last?
Policies are written for the project term and typically end at completion or occupancy. We’ll align the term to your schedule and adjust if the job extends.