Builders Risk

As specialists in insuring the construction industry, at Evans, Pires & Leonard, we provide our clients with course-of-construction solutions through a number of our insurer partners.

Known as a Builders Risk policy, this coverage is specifically designed to meet the unique insurance needs of commercial and residential contractors and developers with ongoing construction activity.

Builders Risk insurance provides coverage for fire and other perils to a structure while under construction; for theft of materials from the moment they’re delivered to the job site; protection for materials in-transit and at temporary locations; coverage for materials that are installed or uninstalled; and coverage for losses due to ordinances or laws.

A Builders Risk policy can typically be written in terms of three, six, or 12 months. If the project is not completed by the end of the initial policy term, it can often be extended, but usually only one time. Also, Builders Risk policy usually doesn’t cover delay in completion and resulting loss of business income, loss of rents, extra expense, interest on loans and other consequential losses incurred after an insured property loss. These are known a “soft costs,” and can be covered by an endorsement to the policy.

Our insurance plans not only can be written for residential and commercial structures, but we also have programs for higher valued structures, including high-valued frame risks, and engineering-related construction, such as bridges and tunnels. Our staff at Evans, Pires & Leonard works with highly experienced underwriters in this area to provide the flexibility and broad coverage that is needed based on the project under construction.

What’s more, some of our insurance carriers provide loss control and engineering services to help stem claims.

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    We provide specialized coverage for construction projects.

    With Evans, Pires & Leonard, you’re not a policy to us. We create a relationship with our customers through earned trust, integrity, experience, and knowledge. Give us a call at 860.289.6816 or email us, or if you prefer fill out and return the convenient form on this page. One of our professionals will contact you to discuss your insurance needs and our alternative solutions in helping to protect you. Since 1967, we have been serving the communities from Tolland to Glastonbury to Portland and Old Saybrook.