What are Builder’s Risk benefits? Did you know that the cost of rebuilding the Notre Dame Cathedral in France is predicted to cost upward of one billion dollars? Were you aware the construction company working inside the building didn’t have a Builder’s Risk benefits policy on the 857-year-old building? And therefore, technically, the entire country of France is responsible for the bill? This is a contractor’s worst nightmare; a building that goes up in flames with no risk policy to offset the cost of any potential disasters.