Coverage Areas
Builder’s Risk
Builder’s Risk coverage protects buildings and structures during construction, renovation, or major improvement.
Coverage may include:
- Ground-up construction
- Renovations and tenant improvements
- Materials on site
- Materials in transit
- Temporary structures
- Soft costs
- Delay in completion
- Existing structures, when applicable
- Ordinance or law
- Testing coverage
This coverage is often required by lenders, investors, property owners, and construction contracts.
Course of Construction
Course of Construction coverage is designed for projects in active development where the risk changes over time.
This may include:
- Site preparation
- Foundation work
- Vertical construction
- Interior buildout
- Stored materials
- Equipment and temporary works
- Weather-related exposures
- Theft or vandalism during construction
The policy should match the project timeline, budget, and construction scope.
Owner / Developer Programs
Owners and developers often need insurance programs that coordinate multiple layers of risk.
This may include:
- General Liability
- Excess Liability
- Builder’s Risk
- Pollution
- Professional Liability
- Wrap-Up considerations
- Property coverage
- Lender-required insurance
CBR Group helps align coverage with project documents, financing requirements, and contractual obligations.
Wrap-Up Structures: OCIP / CCIP
For larger projects, a controlled insurance program may help centralize coverage.
This may include:
- Owner Controlled Insurance Programs
- Contractor Controlled Insurance Programs
- Project-specific liability
- Workers’ Compensation coordination
- Excess liability layers
- Subcontractor enrollment
- Certificate tracking
- Contractual compliance
Wrap-ups can be useful when multiple contractors and subcontractors are involved in a large or complex project.
Habitational & Mixed-Use Properties
Habitational and mixed-use properties can involve unique underwriting challenges.
Common concerns include:
- Tenant liability exposure
- Fire protection
- Building age
- Occupancy type
- Loss history
- Habitational underwriting appetite
- Mixed commercial/residential use
- Property condition
- Security and life safety systems
These risks often require careful market positioning and proper valuation.