The cost of builder's risk insurance varies greatly, depending on factors such as the size and value of the project being insured, its location and other factors. Risk insurance protects builders financially from property and liability losses sustained on building projects, according to Square One Insurance.
There are many places to get quotes on builder's risk insurance. Some companies, such as Traveler's and Square One, allow clients to get quotes and purchase insurance directly online or by phone, according to the companies' websites. Another option is an insurance broker, such as Brokers Trust Insurance Group, which acts on behalf of policy holders in negotiating with insurance companies. Brokers Trust works with companies such Travelers and Zurich Insurance to tailor a policy to a builder's particular exposure, the company website states.