Protect Your Construction Investment
Columbus continues to expand in every direction—massive tech-driven projects near New Albany, infill developments around OSU, adaptive reuse in the Short North, and large-scale suburban builds from Dublin to Grove City.
Every one of these jobs faces exposure before the project is complete.
Builders Risk Insurance provides a financial buffer when materials, work in progress, or partially built structures are damaged during construction.
A short breakdown of the local factors shaping the need for Builders Risk:
Major investments in the region, especially northeast Columbus, have accelerated demand for:
The more specialized the build, the more expensive mid-project damage becomes.
Areas like Short North, Italian Village, Franklinton, and German Village pose logistical challenges:
Small mistakes in these zones can be disproportionately costly.
Columbus experiences:
Construction timelines are vulnerable throughout the year.
This section focuses on real job-site issues instead of listing standard benefits:
The policy may cover wind-related damage to stored construction materials.
Theft coverage may reimburse the cost of replacing the item.
Builders Risk can cover repair costs and debris removal.
Soft costs such as extended equipment rentals or financing expenses may be included with the proper endorsement.
Accidental damage to the insured project itself may be covered.
Optional enhancements often requested in Columbus:
Anyone financially exposed during the construction phase should be named on the policy.
Depending on contractual arrangements, coverage can be secured by:
Developers planning large commercial or mixed-use projects
General contractors overseeing ground-up or structural work
Property owners completing major renovations
Subcontractors handling high-value installations
Lenders requiring risk mitigation before releasing funds
Columbus projects typically fall between 1% and 4% of total construction costs, with renovation-heavy work sometimes higher due to older building conditions.
Premiums vary significantly based on:
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Most policies include wind and sudden weather-related damage, though terms vary.
If the project involves opening walls, upgrading systems, or structural work, yes.
Tools usually require a separate equipment policy; materials may be covered.
Sudden water intrusion may be included; long-term seepage usually is not unless endorsed.
Yes, lenders are commonly listed as mortgagees or loss payees.
Protecting your building project needs special insurance suited to the area’s unique risks. At BuildersRisk.net, we provide custom Builders Risk policies to protect your investment from hurricanes, flooding, and other unexpected events.
Get in touch with us now or check out BuildersRisk.net to receive a custom quote and make sure your project stays on schedule regardless of the obstacles.
