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Builders Risk Insurance Duration Calculator
Builders risk protects during build. This calculator sizes.
Total premium
$50,050
Monthly carry
$3,575
Storage rider add
$4,550
How the math works
Base = contract/1000 × rate × (months/12). Rider adds 10% if storage coverage.
On $6.5M contract at $6/$1000 for 14 months: $45.5k base + $4.5k rider = $50k total, $3.6k/month. Shop aggressively — some projects have double-digit variance between carriers. Check coverage scope and soft-costs endorsement carefully.
How to Use
- Enter construction contract value.
- Enter base premium rate per $1000.
- Enter construction months.
- Enter material storage rider (1=yes).
- Read total builders risk premium.
Frequently Asked Questions
What's covered?
Property under construction (materials, equipment, work-in-place). Fire, lightning, theft, vandalism, wind, water damage (non-flood). Some include soft costs rider (delay, extra debt service). Usually excludes: flood, earthquake, normal wear, employee theft.
Who carries?
Owner or GC; contractually assigned. OCIP (Owner Controlled Insurance Program) or CCIP (Contractor Controlled). Large projects: OCIP gives owner control, savings ($50k+ projects typically). Smaller: GC carries at cost + markup.
Cost drivers?
Project value. Construction type (wood frame more expensive than concrete). Location (wildfire, hurricane zones uplift). Duration. Protected (sprinkler, fence) vs open site. Typical: $3-12 per $1,000 of contract value for 12-month builds.
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