Builders Risk Insurance in Bentonville, AR & Northwest Arkansas
Building, remodeling, or developing in NWA? Builders Risk Insurance protects the structure, materials, and labor investment from fire, theft, wind, and vandalism while your project is underway.
What is Builders Risk Insurance? Builders Risk Insurance is a form of commercial property insurance that covers a structure while it is being built or substantially renovated. Coverage typically runs for 3, 6, or 12 months and ends when the project is completed or occupied.
Who Needs Builders Risk Insurance?
If your project is not covered by a standard homeowners or commercial property policy yet, you likely need Builders Risk coverage.
New Home Construction
For custom home builders and homeowners building new homes in Northwest Arkansas.
Major Remodels & Additions
For renovations that significantly alter the structure, including additions and gut renovations.
Commercial Construction
For office, retail, industrial, mixed-use, and tenant build-out projects.
Spec Homes & Flips
For spec builds and rehab projects where the property is not yet sold or occupied.
Apartments & Multi-Family
For duplexes, fourplexes, and larger multi-family construction projects.
Modular & Manufactured Homes
Coverage during transport, installation, and construction before occupancy.
What Does Builders Risk Insurance Cover?
Builders Risk pays for direct physical damage to the project from covered causes of loss.
Typically Covered
- Fire and smoke damage
- Lightning strikes
- Windstorm and hail
- Theft of materials and equipment
- Vandalism and malicious mischief
- Explosion
- Damage from vehicles or aircraft
- Materials on site, in transit, or temporary storage when scheduled
Standard Exclusions
- Earthquake unless endorsed
- Flood unless endorsed
- Employee theft
- Weather damage to property left in the open
- Faulty design, workmanship, or materials
- Mechanical breakdown
- Contract penalties and delay damages
- War and government action
How Much Does Builders Risk Insurance Cost?
Builders Risk premiums in Arkansas typically run 1% to 4% of the total project value, depending on construction type, project duration, location, deductible, and coverage limits.
| Project Value | Typical Annual Premium Range | Common Use Case |
|---|---|---|
| $200,000 | $1,000 – $2,400 | Mid-range single-family home |
| $500,000 | $1,800 – $5,000 | Custom home / large remodel |
| $1,000,000 | $3,500 – $10,000 | High-end custom home / small commercial |
| $2,500,000+ | Quote required | Commercial, multi-family, complex builds |
How to Get a Builders Risk Quote in 3 Steps
Send Project Details
Send the project address, construction value, construction type, start date, and estimated completion date.
We Shop Multiple Carriers
As an independent agency, we quote your project with multiple builders risk markets.
Bind & Build
Once approved, we bind coverage, send certificates, and help you move forward.
Why Get Your Builders Risk Through Cribb Insurance?
Builders Risk is one of the most under-shopped insurance lines in construction. Cribb Insurance Group compares multiple carrier markets and helps catch exclusions before they become claim problems.
Builders Risk Insurance FAQs
Who pays for builders risk insurance — the contractor or the owner?
Either party can purchase the policy, but the construction contract should specify who is responsible. Both parties should usually be named as insureds.
How much coverage do I need?
Your coverage limit should equal the total completed value of the structure, including materials and labor, but not land value.
Does builders risk cover theft of tools and equipment?
Builders Risk typically covers materials intended to become part of the structure. Contractor tools usually need separate inland marine or equipment coverage.
Is builders risk required by law in Arkansas?
Arkansas does not legally require Builders Risk Insurance, but construction lenders often require it.
Can I extend a builders risk policy if my project runs late?
Most carriers allow a one-time extension if requested before the policy expires.
Serving Builders & Owners Throughout NWA
Cribb Insurance Group writes Builders Risk policies throughout Northwest Arkansas, including Bentonville, Rogers, Springdale, Fayetteville, Bella Vista, Cave Springs, Centerton, Gravette, Pea Ridge, and Lowell.
Break Ground With Confidence
Whether it is a custom home, remodel, spec build, or commercial project, we can help you find the right Builders Risk coverage.
Call (479) 286-1066
