Asset Shield Insurance steel shield logo, an agency for builders risk insuranceAsset Shield Insurance
A partly built wooden house frame with bare studs and roof trusses at dusk, a work light glowing inside and lumber stacked in front., illustrating builders risk insurance

Protect The Project Before The Doors Even Open

Builders risk insurance can help pay for damage to a structure and materials while you build or renovate it. We compare carriers for Nebraska projects and explain the terms in plain words.

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What Builders Risk Insurance Is And When You Need It

Builders risk insurance is a temporary property policy for a building under construction. It can help pay to repair or replace the structure and the materials on site if a covered event, such as fire or vandalism, damages them.

Owners, general contractors and developers can all need it. Lenders often require it before they release funds. A major remodel or an addition can qualify too, so builders risk insurance is not only for new builds.

A policy usually covers the structure, materials and sometimes temporary buildings or scaffolding. It usually does not cover faulty workmanship, wear, or the contractor's own tools. Flood and earthquake are often excluded. Details depend on your policy and carrier.

As an independent agency, we can ask different carriers how they would write your project. We explain the terms, who is named on the policy, and what happens when the building is finished.

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What A Construction Policy Can Include

Construction insurance is built around a single project, so each policy can read differently. These are the pieces owners and builders ask about most. What applies depends on your policy and carrier.

  • A two story wood-framed building with dark sheathing on the lower level, a blue tarp blowing loose over the roof and scaffolding on muddy ground., illustrating builders risk insurance companies

    The Structure Itself

    The policy can help pay to repair or rebuild the work in progress, including framing, walls, roofs and permanent fixtures, after a covered loss such as fire or wind.

  • Stacks of lumber, a wrapped pallet of cement bags and large coils of steel wire sit under a dark canopy inside a fenced gravel yard., illustrating builders risk insurance

    Materials On Site

    Lumber, steel, wiring and other supplies stored at the site can be covered. Some carriers also cover items in transit or stored off site, and we check those terms.

  • A construction worker in a harness and hard hat stands on scaffolding against a half-built brick wall under a clear sky., illustrating construction insurance

    Contractor Liability Needs

    A builders risk policy covers the property, not injuries to others. Contractors also often carry liability coverage, so we look at how the two fit together.

  • An unfinished concrete building and a parked yellow excavator stand idle in light rain with muddy puddles and no workers., illustrating builders risk insurance companies

    Delays And Soft Costs

    Some carriers can add coverage for extra costs when a covered loss delays the project, such as added interest or lost rent. We explain what is available.

Independent Means Choices

We work with many insurance carriers, so we can compare builders risk insurance options for coverage, service and price. Everyone does not get the same policy.

  • A hard hat and rolled blueprints on a table beside a laptop and a printed insurance policy, from Asset Shield, an independent agency for builders risk insurance

    Coverage

    Carriers differ on what counts as a covered cause of loss, and on exclusions for things like water damage or theft. We compare those terms for your project type.

  • A friendly insurance agent at a desk talking on the telephone with a headset in a bright office, from Asset Shield, an independent agency for builders risk insurance

    Service

    We can explain who should be named on the policy, how coverage ends at completion, and what a lender may ask for. We answer questions before the first shovel moves.

  • A calculator, a pen and an open notebook on a clean desk beside a cup of coffee, from Asset Shield, an independent agency for builders risk insurance

    Price

    Premiums depend on project value, construction type, location and schedule. Each carrier rates those factors its own way, so we gather options for you to weigh.

What We Ask Before We Shop Carriers

We begin with the project itself. The total value, the building method and the expected schedule all shape the quote. A wood frame house and a steel warehouse are rated differently.

We also ask who must be protected. Owners, builders and lenders may each have a stake in the policy. Naming them correctly at the start can prevent trouble if a claim comes.

  • Total project value and scope
  • Construction type and materials used
  • Start date and expected finish
  • Site location and security measures
  • Lender and contract insurance requirements
A small scale model of a building sits on a table beside a tape measure, a pencil and a rolled drawing., illustrating builders risk insurance
The Omaha Nebraska downtown skyline across the river at blue hour with glowing city lights, from Asset Shield, an independent agency for builders risk insurance

Tell Us About Your Business

We will find out more about your Nebraska commercial insurance needs, compare carriers and come back with options.

  1. 1 Tell Us What You Do
  2. 2 We Compare Carriers
  3. 3 We Come Back With Options
Get A QuoteCall (402) 880-5569