Builders Risk

In the Zone

The construction market in the United States is well over a trillion-dollar industry and the second largest in the world. New construction projects continue to climb into the millions, making the need for insurance greater than ever. Contractors and builders must properly cover their insurable interest in this rapidly growing industry.

ProSight understands the difficulties of covering exposures for builders’ risks and continues to build customized programs that offer maximum coverage. We are constantly looking for ways to differentiate ourselves from the competition and cater to the needs of our customers.

Our Focus

  • Residential (1-4 family dwellings), including home builders’ reporting forms
  • Apartments, condominiums, group homes, and assisted living facilities
  • Commercial (offices, mercantile, and retail)
  • Institutional (schools, hospitals, municipal, and correctional facilities)

Your Insurance Options

  • Admitted and non-admitted coverage countrywide
  • Comprehensive AAIS coverage forms
  • All risk – subject to policy exclusions
  • Flexible policy periods from 3–36 months
  • Critical CAT capacity for earthquake, flood, and coastal windstorm
  • Offered on a ground-up (100% written), primary, excess, and quota share basis
  • Delay in completion coverage available for soft costs, rental income and business income
  • Project-specific coverages, reporting forms, and installation floater coverages
  • Dedicatedteam of experienced underwriters
  • Quick turnaround

Minimum Deductible

$1,000 Minimum – varies, based on total insured value (TIV) and occupancy class


Up to $25,000,000 per risk (non-CAT) for project-specific risks – varies, based on construction type and occupancy class

Our Partner

ProSight and Safehold Special Risk have partnered to offer the most reliable and affordable insurance for contractors and developers nationwide. One of Safehold's most successful niche programs, Builders’ Risk, specializes in coverage for commercial and residential construction. Combining Safehold's and ProSight's expertise in comprehensive course of construction coverages can help lead to many successful construction projects for builders and contractors.

Meet Our Team

Rob BednarikNiche President
Meet Rob
Ian KargProgram Underwriter
Meet Ian