Builders risk insurance for homeowners
A homeowner planning construction or a major renovation should identify the project parties, lender and contract responsibilities. Ask who arranges the policy and which interests and property it covers.
Make this coverage review specific to your business
A construction project changes as materials arrive and work is installed.
Prepare these details
Project value, timeline, contract, existing structures and site security.
Ask before accepting a proposal
When does protection start and end, and how are testing and occupancy treated?
Start my business enquiry →Hypothetical situation
A storm damages partially completed work.
Ask which wording, conditions and notification requirements would apply. A scenario does not establish coverage or guarantee an outcome.
Business insurance
Builders Risk Insurance
Builders risk, also called course of construction insurance, is project property coverage to discuss when building or substantially renovating. The project, insured parties and timing must be clearly described.
20%
What could a lower premium mean for you?Illustrative example: $2,400 → $1,920 per year is $480 less. Not an available offer. Try your own numbers →
Cover for a project in progress.Discuss the build, budget and schedule
From site work to completion.Review stages and policy conditions
Live examples
A.M. Fredericks UnderwritingABEX o/b Affiliated Broker Exchange
Allianz Global RisksAmbri AssuranceApril Canada Inc.April MarineArthur J. Gallagher & Co
AVRO Insurance ManagersBeazley Canada LimitedBerkley Insurance CompanyBlueCross BlueShield
Burns & Wilcox CanadaCAA InsuranceCAN - Continental Insurance
Cansure Underwriting LtdCaradoc Townsend MutualChes Special Risk Inc.Chubb InsuranceChutter Underwriting Services
Core Underwriting ServicesDefinityDesjardins Financial Security Investments Inc.
Dominion of Canada/Travelers/Travelers EssentialEagle Underwriting Group Inc.Echelon
Excess Underwriting Corp.Facility Association
Forward InsuranceGlobal Aerospace Underwriting
Great-West LifeGroupAssureGroupOne Insurance
HDI Global Specialty SE
IA Excellence Life Insurance
INGLE International
Intact Public Entities
La CapitaleLiberty International CanadaLynx Insurance UnderwritersMarkel
NorthbridgeOld Republic
Optiom
PAL Insurance Brokers Canada
Premier Canada AssurancePremier MarinePremium Marine
Revolution Advanced Underwriting
SignalSignature Risks
South Western GroupSovereign GeneralSpecial Risk InsuranceSports & Fitness InsuranceSSQ AssuranceStarr Technical RisksStrategic UnderwritingSummit Underwriting Group Inc.The Boiler Inspection and Indemnity Company (BI&I)
The Totten Insurance GroupTrans Canada
TravelersTrinity Underwriting
Unique Risks
Victor Insurance
From Insurance Genie
Recent business insurance purchases
Explore recent policy purchases shared through our participating insurance professionals.
Recent policies will appear here when the Insurance Genie CRM feed is connected.
How Insurance Genie works
Insurance Genie is an insurance request platform, not an insurer or insurance brokerage. Requests may be connected with participating licensed partners. Availability depends on your location, needs and partner eligibility. A request is not a quote or confirmation of coverage.
Coverage questions for your business
Use these topics to frame a discussion with the licensed professional handling your request. They are questions to review, not a promise that every item is included in a policy.
- Work and materials at the project
- Materials in transit or storage
- Testing and occupancy stages
- Existing structures during renovation
Information to prepare for a useful request
- Construction value and schedule
- Scope and location
- Contractors and project parties
- Existing building and occupancy details
Describe the full activity, including work away from the main premises and any secondary services. An incomplete description can make two proposals look comparable when they are based on different information.
Compare the wording as well as the price
Ask for the named insured, business description, covered locations, policy limits, deductibles and key exclusions. Check how defence costs, property valuation and any required endorsements are treated. A policy title alone does not tell you what an individual claim would receive.
If a landlord, lender, marketplace or customer has supplied insurance conditions, provide the actual document. Ask the licensed professional to identify requirements the proposed policy does and does not satisfy. A certificate is evidence of stated coverage; it should not be treated as a rewrite of the policy.
Cost and availability
The price depends on the business activity, scale, location, claims history and selected protections. Request a review using your own facts instead of treating a generic industry range as a quote.
Insurance Genie connects requests with participating licensed partners. Products, territories and eligibility vary. Confirm who is handling your request and when any offered coverage would take effect.
Your questions, answered
Builders risk insurance across the project timeline
Builders risk insurance, also called course of construction insurance, concerns project property and the work described in the policy.
Commercial builders risk insurance
Builders risk insurance coverages should be reviewed for materials at the site, off-site storage, transit, testing and occupancy when relevant. Ask about start dates, completion stages and existing structures.
Builders risk insurance for renovations
Describe the existing building, occupancy, scope of works and values. Construction risk insurance for new work does not automatically establish cover for every part of the existing property.
What is builders risk insurance?
It is project property insurance to discuss when building or substantially renovating. The actual policy defines the project, insured property, parties, period, exclusions and conditions. Building risk insurance and builder’s risk insurance are common search variants of this topic.
Is builders risk liability insurance the same thing?
Do not assume project property cover includes the contractor’s liability. Discuss commercial general liability, professional services where relevant and the builders risk coverage as separate parts of the project’s insurance arrangements.
What do I need for a builders risk insurance quote?
Prepare the location, contract, values, schedule, construction details, contractors and occupancy plans. Ask how changes, delays, testing and early occupancy must be reported.
How do I compare builders risk insurance providers?
Ask which providers can consider the project and jurisdiction, then compare the same declared work, values, deductibles and conditions. Terms such as builder’s all risk insurance do not mean every possible loss is covered.
Questions before you request coverage
Can a homeowner arrange builders risk insurance?
A homeowner planning construction can ask a licensed professional who should arrange the policy. The contract, lender conditions and interests of the owner and contractor all need review.
What should I send with my insurance request?
Prepare the activity description, current insurance, recent claims details and any contract requirements. Include the business-specific information listed on this page so the licensed partner can ask relevant follow-up questions.
Does submitting a request mean my business is insured?
No. A request is not a binder, policy or confirmation of coverage. The organization arranging insurance must confirm acceptance, terms and the effective date.
Before making a decision
This page is general information. Ask the licensed professional handling your request to explain the proposed wording, limits, deductibles and exclusions. Coverage must be confirmed by the organization arranging it.
Background reading: Consumer insurance coverage guidance. Content updated September 9, 2026; coverage and availability remain subject to confirmation.
Ready to prepare your request?
Contact us to discuss provider availability and the details needed for a useful conversation.
Explore my optionsQuestions worth asking
Clear answers to help you compare coverage and prepare for a licensed insurance review.
Builders risk insurance in Ontario: what information is needed?
Provide the project address, construction value, work description, existing structure details, schedule and contractor information. Ask which property is insured during construction and how materials, theft, water damage, testing or occupancy changes are treated. Builders risk insurance in Ontario is not the same as a contractor's liability policy. Read the project conditions and tell the insurer about delays or material changes before assuming coverage continues unchanged.
Make the details count
Who offers builders risk insurance, and what should I request?
A licensed commercial broker can ask suitable insurers about the proposed project. Provide the residential or commercial construction details, values, parties, schedule and existing property. Ask who is insured, when cover begins and ends, and what happens if the project changes or becomes occupied. An insurer or broker name alone does not prove that a particular project is accepted. Obtain the issued terms and required confirmation before relying on a quote.
Before you compare
Builders risk insurance for the project in progress
Builders risk insurance, also called course of construction insurance, should match the project, values and schedule. Building risk insurance enquiries may involve a new build, extension or substantial renovation. Identify who owns the work and who is responsible for arranging protection.
What should I include in a builders risk insurance request in Ontario?
Prepare the project address, scope, budget, construction type, contractor details, dates and any existing structure information. Ask about materials in transit or storage, theft conditions, site security and the treatment of occupied areas.
Can a homeowner request builders risk insurance for a renovation?
Discuss the project with the home insurer and a commercial professional before work begins. Ask how the existing building and new work are treated, when the construction policy ends and what must happen if completion is delayed.
Be prepared
Claims scenarios: what happens next?
Hypothetical situations to help you prepare questions—not actual client claims or promises of coverage.
A customer alleges an injury
Scenario: Someone alleges an injury arose from the business operations.
What happens next: Preserve incident records and notify the insurer. Declared activities, liability wording and the facts determine whether a policy responds.
Equipment is damaged
Scenario: Equipment used by the business is damaged or stolen.
What happens next: Document ownership, location and cause. Ask the insurer to review the insured property, exclusions, valuation and deductible.
Operations are interrupted
Scenario: Damage prevents the business from operating normally.
What happens next: Keep revenue and expense records. Business interruption depends on the insured trigger, selected coverage and applicable terms.
Actual outcomes depend on the facts and applicable wording. Read claims guidance · Ask about the next step
