Builders' Risk

Builders’ Risk covers buildings under construction from
the start of the project until completion.

Features:

  • In-house capacity up to $100,000,000 for superior construction
  • Reporting options: monthly, quarterly or annual
  • Soft costs, extra expense and rental income available
  • Flood and earthquake available
  • Can cover pre-existing structure as well as improvements
  • Pro-rata cancellation
  • Full testing coverage available

Examples of Desirable Risks:

  • Commercial buildings of all types including retail, warehouse, office, church, school, municipalities, etc.
  • Dwellings
  • Cosmetic or minor renovations
  • Well-established, reputable contractors

Low Desirability:

  • Renovations which involve structural changes
  • Piers/docks/wharves/bridges
  • Heavy construction such as underground or tunneling, public utility dams
  • Towers
  • Projects located outside of Indiana Insurance™ operating territory (IA, IL, IN, MI, MN, ND, NE, SD, WI)

Minimum Required Information:

  • Job site location
  • Construction type
  • Protection class
  • Name and experience of builder
  • Start date/completion date
  • Intended occupancy

Contact us at:

inland@indiana-ins.com

Indiana Insurance member underwriting companies: (Not all companies may be licensed in all states.) American Economy Insurance Company, American States Insurance Company, American Fire and Casualty Company, American States Preferred Insurance Company, Consolidated Insurance Company, First National Insurance Company of America, General Insurance Company of America, Hawkeye-Security Insurance Company, Indiana Insurance Company, The Midwestern Indemnity Company, The Netherlands Insurance Company, The Ohio Casualty Insurance Company, Ohio Security Insurance Company, Peerless Indemnity Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America, Safeco Insurance Company of Illinois, Safeco Insurance Company of Indiana, Safeco National Insurance Company, and West American Insurance Company.