Builders Risk Insurance in Guilford, CT
Builders risk insurance — sometimes called course of construction insurance — is a temporary property policy that protects a building, and the materials used to build it, while construction or major renovation is underway.
Connecticut doesn’t legally require builders risk coverage, but if you’re financing the project, your construction lender almost always will.
Page Insurance, an independent agency based in Guilford, CT, helps contractors, developers, and property owners along the shoreline insure new builds and renovations against fire, theft, vandalism, and weather damage during construction.
Why Guilford-Area Builders Work With Us
Page Insurance has been serving Guilford and shoreline businesses since 1943.
As an independent agency, we shop your builders risk policy across multiple carriers to match the size, timeline, and risk profile of your specific project — rather than offering a single insurer’s one-size-fits-all terms.
What Does Builders Risk Insurance Cover?
The structure itself
The building under construction or renovation, insured up to its total completed value.
Materials, fixtures, and equipment
Coverage extends to materials on-site, in transit to the site, and temporarily stored off-site awaiting installation.
Temporary structures
Scaffolding, fencing, and other temporary structures used during the build.
Covered perils
Fire, windstorm, hail, theft, vandalism, and damage caused by vehicles or aircraft striking the structure.
What Builders Risk Insurance Does NOT Cover
Faulty workmanship, design, or materials
Damage caused by defective design, planning, workmanship, or materials is a standard exclusion — this isn't a substitute for quality control or a contractor's own liability coverage.
Flood and earthquake
These typically are not included by default but can often be added as endorsements, especially important for construction near Guilford's shoreline.
Employee injuries
Builders risk is a property policy, not a liability or workers' compensation policy. Any contractor with employees on-site still needs separate workers' compensation coverage.
Damage after the policy term ends
Builders risk policies run for a fixed term — coverage doesn't automatically continue if a project runs past its expiration without an extension.
Guilford & Shoreline-Specific Risk Factors
Construction projects along the Connecticut shoreline face conditions that inland builds don’t. We factor these into every builders risk quote we place.
Coastal storms and nor'easters
A structure mid-construction is far more exposed to wind and water damage than a finished building, and Guilford's shoreline sees real seasonal storm risk during typical building timelines.
Historic district renovations
A meaningful share of construction activity in and around Guilford involves renovating older structures, which can carry different risk considerations than ground-up new builds.
Winter construction timing
Building through a New England winter adds weather-related delay and damage risk that a policy term needs to account for.
What You'll Need for an Accurate Quote
Having these details ready lets us compare builders risk options across carriers and match the policy term to your actual construction schedule.
Total construction or renovation budget
Project address
Estimated start and completion dates
Construction type (frame, masonry, or fire-resistive)
General contractor’s experience and safety record
Cost & Policy Term Basics
1% – 4%
Typical builders risk premium range as a share of total construction budget
Typical cost range: builders risk premiums generally run roughly 1–4% of the total construction budget, though your actual rate depends on project type, location, and duration.
Coverage limit: should reflect the total completed value of the project — materials and labor combined, not including land value.
Policy term: most builders risk policies run 3, 6, or 12 months and typically allow one extension if the project runs longer than planned.
Once the project is finished, your ongoing property and liability coverage typically shifts to a Business Owners Policy.
Is builders risk insurance required in Connecticut?
Connecticut doesn’t legally mandate it, but construction lenders almost always require it as a condition of financing a project.
What's the difference between builders risk insurance and a Business Owners Policy?
Builders risk covers a structure only while it’s under construction or major renovation; a Business Owners Policy covers a completed, operating business’s property and liability on an ongoing basis.
Does builders risk insurance cover my subcontractors' tools and equipment?
It can cover materials and equipment at the job site, but tools owned by subcontractors are typically better covered under their own contractor’s equipment policy — ask your agent to confirm what’s included in your specific policy.
What happens if my project isn't finished when the policy ends?
Most builders risk policies allow one extension if a project runs past its original term; contact your agent before the policy expires to arrange it.
Does builders risk insurance cover flood damage?
Not by default. Flood coverage is typically available as an add-on and is worth discussing for any shoreline or waterway-adjacent project.
Serving Guilford and the Connecticut Shoreline
Page Insurance, Ltd. has helped Guilford builders and contractors protect their projects since 1943. We proudly serve construction professionals throughout Guilford, Branford, Madison, and the greater New Haven and Middlesex County area.