Who Buys Builders Risk Insurance?
The owner or general contractor usually buys builders risk, depending on the construction contract; the policy determines who is insured and bears the deductible.
The owner or general contractor usually buys builders risk, depending on the construction contract. Paying for the policy, owning part of the project, or performing work does not by itself make a party insured.
Compare the contract with the declarations and endorsements. Confirm the buyer, named insureds, lender interests, project value, coverage dates, and who bears deductibles; obtain any required additional-insured or loss-payee endorsement instead of relying only on a certificate.
Coverage Guides Related to Builders Risk Insurance
Sources for Builders Risk Insurance Answers
- Glossary of Insurance Terms. National Association of Insurance Commissioners; Builders’ Risk Policies. Accessed 2026-09-25.
- Commercial Insurance Guide. California Department of Insurance; Form 700, revised June 14, 2024: Commercial Property > Coverage Forms and Endorsements > Builder’s Risk; Inland Marine; How Can I Purchase Commercial Insurance?; What Should I Expect from a Broker-Agent? Accessed 2026-09-25.
- Builders Risk Coverage Form. Insurance Services Office, Inc.; hosted by Touchpoint Markets; IH 00 70 05 17, copyright 2017 (illustrative specimen): A.1–3, printed pp. 1–2; B, printed pp. 9–11; C–E, printed p. 12. Accessed 2026-09-25.