Protect Your Construction Investment
Indianapolis is a city defined by movement. New distribution centers rise along I-70 and I-465, downtown continues to reshape itself with mixed-use projects, and older commercial corridors are being transformed into residential and creative spaces.
Every build — from a warehouse in Plainfield to a townhome in Fountain Square — is exposed to risk long before the project is finished.
Builders Risk Insurance helps protect that investment during the most unpredictable phase: construction.
Indiana’s climate is unpredictable. A clear morning can turn into heavy rain by afternoon, and windstorms sweeping across flat land often hit job sites harder than expected. Common issues include:
These setbacks are costly when no insurance is in place.
The metro area — especially Westfield, Avon, Greenwood, and Noblesville — is growing at a pace that strains storage options and security. New subdivisions and commercial builds often store materials in open areas, making them vulnerable to:
Indianapolis has entire districts where renovation is the norm. In places like Irvington, Herron-Morton Place, Bates-Hendricks, and Old Northside, construction teams regularly encounter:
These discoveries often cause immediate delays and cost adjustments.
Insurance Response: Weather-related property damage may be covered, depending on the policy terms
Insurance Response: Theft coverage can help replace stolen items if proper security measures were in place.
Insurance Response: Accidental physical damage to the insured project can be included.
Insurance Response: Fire damage and debris removal may be covered
Insurance Response: Soft costs such as additional loan interest or extended equipment rentals may be insurable.
Additional endorsements available for Indianapolis projects include:
The party controlling the project budget often purchases the policy.
Developers planning multifamily or mixed-use projects
General contractors overseeing large or complex builds
Property owners renovating or expanding older structures
Subcontractors involved in mechanical or electrical installation
Lenders requiring insurance before releasing funds
Typical cost range: 1%–4% of the total construction value.
Large warehouse or distribution projects may fall at the lower end, while historic or specialized renovations often land at the higher end.
Pricing depends on:
"*" indicates required fields
Wind damage is common, but tornado coverage varies by carrier and may require additional terms.
Sudden storm-related water intrusion may be covered; long-term seepage usually is not.
If walls are opened or systems replaced, yes — the financial exposure is significant.
Yes. Owners, contractors, lenders, and subcontractors may be added.
Not typically. Tools require separate equipment coverage.
At completion, occupancy, or issuance of the certificate of occupancy.
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.
