What should a California contractor prepare for a business insurance review?

Prepare the business name, license or trade information, employee and payroll details, operations, vehicles or equipment when relevant, contracts, prior coverage, and claims history. A licensed team member can then review the request subject to carrier eligibility, policy terms, and underwriting.

How are business insurance limits or terms selected for a contractor?

Limits and terms are not universal. They can be influenced by the contractor's actual work, contracts, employee duties, vehicle use, project requirements, prior loss history, carrier guidelines, and applicable California requirements. The appropriate structure must be reviewed for the individual operation.

Can Asena provide an exact price or guarantee coverage for this page?

No. Any indication is preliminary until complete information is reviewed. Availability, pricing, limits, effective dates, certificates, and coverage are subject to carrier eligibility, policy terms, underwriting, and written confirmation.

Builder's Risk Insurance for California Contractors: What It Covers

Builder's Risk Insurance for California Contractors

Builder's Risk insurance (also called Course of Construction insurance) covers a building or structure while it is under construction. It protects against physical loss or damage to the structure, materials, and equipment on-site from covered perils including fire, theft, vandalism, wind, and lightning.

What Builder's Risk Covers

The structure under construction
Materials stored on-site or in transit to the job site
Temporary structures (scaffolding, forms, falsework)
Soft costs (architect fees, permits) if added by endorsement

What Builder's Risk Does NOT Cover

Tools and equipment (covered by inland marine)
Liability for third-party injury (covered by GL)
Earthquake and flood (require separate endorsements)
Faulty workmanship or design errors

Who Buys Builder's Risk?

Builder's risk can be purchased by the general contractor, the project owner, or both. On most commercial projects, the general contractor is required to carry builder's risk. On residential projects, the homeowner often purchases it.

Cost of Builder's Risk in California

Builder's risk premiums typically range from 1–4% of the total project value annually. A $500,000 residential project might cost pricing varies by classification, payroll, operations, claims history, limits, and underwriting for the construction period.

Call Asena Capital Insurance Services at (858) 925-9555 or get a quote online.