Builders Risk Insurance

Ready to Apply?

You may submit an application online by clicking the “GET A QUOTE” button, or download and fill out the application and supplemental documentation. If you download the application you may either submit them via email, fax or postal mail.

Supplemental Materials

Builders Risk Insurance

If you’re an insurance producer looking to write more business and provide insurance solutions to your clients, then Prime Insurance Company is the partner for you. As an excess and surplus lines insurance company, rated “A” (Excellent) by A.M. Best, Prime can write builders risk insurance with confidence!

We can help your clients even if they’ve been canceled or denied insurance in the past or have a claims history. Whether your client started a new business or has been in the industry for 20+ years, we can write a customized insurance policy to fit their needs. 

Prime has over 40 years of experience, making us one of the best builders risk insurance providers out there. Many builders risk insurance companies are turning away individuals and businesses that are deemed too risky, or, they could be leaving gaps/exclusions in policies that leave the policyholder exposed. Prime takes a more hands-on approach to learn about you, your client, and their needs so we can write a policy that ensures maximum protection.

Classes

  • Property Owners
  • Construction Companies
  • Contractors
  • Properties (homes, apartment buildings, commercial buildings, etc.)
  • Buildings Under Construction
  • Vacant Buildings
  • And More!

Coverages

  • Inland Marine
  • Vandalism & Riots
  • Theft
  • Vacant Property, Building, or Land
  • Fire, Wind, Hail, and Earthquake
  • Excess Flood
  • Excess Coverage Available

More Information About Builders Risk Insurance

Why Choose Prime As Your Insurance Partner?

There are many reasons why you should choose Prime as your insurance partner but here are some highlights: 

Partnership Approach

At Prime, we build trusted relationships and want all parties to be involved. We arrange a phone call with every potential insured to provide fast, flexible underwriting for every client. From our underwriters to our legal team, the insured, and the producers — at Prime, everyone is considered a partner and our processes are designed for the mutual benefit of all parties involved.

“A” Rated Carrier With 40+ Years of Experience

We are rated “A” (Excellent) by A.M. Best. The strength and stability of Prime have led us to over 40 years of experience in the insurance industry. Builders risk is our expertise! 

In-House Teams

We have it all – underwriting, legal, risk management, policy services, etc. You will have direct access to our staff and services, ready to assist you! We even have an in-house claims hotline if an incident or claim occurs, available 24/7.

Extraordinary Claims Results

We pride ourselves on our ability to handle claims in-house and effectively. Prime’s team of attorneys and adjusters are here to assist you every step of the way. Unlike most insurance companies, Prime fights frivolous lawsuits. We will be by your side every step of the way!

Builders Risk Insurance Providers and Prime Insurance

Looking for the best builders risk provider? Prime Insurance Company should be at the top of your list. Our partnership approach requires that we speak with the producer and the insured so we can better understand everyone’s needs in order to provide the right coverage, the right service, and most importantly, a healthy relationship.

A lot of people go with cheaper markets that will cost them and their insured more in the long run! Over the past years, many of the cheaper markets have run into trouble, gone broke, or stopped writing. As a result, Prime is writing more business and we remain committed to doing it right! Insureds need a more efficient builder’s risk insurance company and a better partner that’s willing to fight frivolous lawsuits practiced by legal professionals nationwide.

In short, Prime won’t compete with your other markets from a premium standpoint, but we will help you write the business you are turning away today. Plus, we’ll be by your side when a claim or lawsuit is filed against you.

What Is Builder's Risk Insurance?

Builder’s risk insurance is a type of property insurance that protects the owner or builder of a property under construction, from losses due to events such as fire, hail, windstorms, vandalism, riots, theft, earthquakes, etc.

Types of Property Covered by Builder’s Risk Insurance

Builder’s risk insurance can cover many types of properties including homes, apartment buildings, commercial buildings, and warehouses.

Buildings under construction, buildings with multiple units under construction, buildings undergoing major renovations, new buildings not yet occupied, and vacant buildings are all examples of properties that may need builder’s risk coverage.

About Prime Insurance Company

Prime Insurance Company is an excess and surplus (E&S) lines insurance company, specializing in property and casualty insurance for non-traditional, specialty risks that don’t meet the current appetite of other markets. Prime currently produces in excess of $400 million gross premiums annually. The company writes E&S business in all 50 states and has an “A” (Excellent) rating by A.M. Best.

Prime delivers coordinated services by integrating expert underwriting, policyholder services, policy accounting, premium financing, risk management, state tax payments, claims administration, and self-insured support program services all under one roof.

Ready to Apply?

You may submit an application online by clicking the “GET A QUOTE” button, or download and fill out the application and supplemental documentation. If you download the application you may either submit them via email, fax or postal mail.

Supplemental Materials