Protecting Construction Projects Across the City
Halfway through a mid-rise build near International Drive, a sudden afternoon storm pushes water into exposed framing. A pallet of HVAC units goes missing overnight at a site in Lake Nona. A downtown renovation uncovers electrical issues that require immediate replacement.
These aren’t unusual events — they’re everyday realities for Orlando construction teams.
And they’re exactly why a Builders Risk Insurance policy can mean the difference between a temporary setback and a project-stopping financial loss.
Unlike other Florida cities, Orlando’s construction surge is fueled by a mix of industries: tourism, healthcare, residential development, education, and large-scale hospitality. Each sector brings different risks:
Builders’ Risk Insurance provides a financial buffer when the unexpected disrupts progress.
Orlando’s weather can shift by the hour.
Projects must contend with:
Because tropical weather can form inland, even sites far from the coast are at meaningful risk.
Orlando’s expansion means more job sites — and more movement of high-value materials.
Losses frequently involve:
Builders Risk helps replace stolen or damaged materials so the schedule doesn’t collapse.
Instead of listing benefits traditionally, here’s how coverage works during real project events:
Covered under weather-related property damage.
Soft costs — such as additional interest or engineering adjustments — may be insurable.
Accidental direct damage to the project can be covered.
Debris removal can be added to the policy to reduce downtime.
Coverage can be tailored depending on whether the project is:
Any party with financial exposure during construction should be included on the policy.
Responsibility varies by contract, but most often the policy is arranged by:
A general cost range is 1%–4% of total construction value, but hospitality and larger commercial projects may fall toward the higher end due to specialized materials.
Pricing depends on:
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Wind and storm damage is often included, but hurricane-specific protection may require a dedicated endorsement.
Yes, if theft is included in the policy and security requirements are met.
Sudden storm-related water intrusion may be covered; long-term seepage usually is not.
If walls are opened, systems replaced, or structural components touched, coverage is strongly recommended.
Yes — financial institutions are commonly added as mortgagees or loss payees.
Whether you’re upgrading a hotel, building a medical office, or developing new housing, the financial risks during construction are real. A Builders Risk policy helps keep the project moving even when setbacks occur.
