This special type of property insurance covers protection for buildings under construction. PBIB offers affordable Builders Risk Insurance in Milwaukee, WI

Builder's Risk Insurance in Milwaukee, WI

Protect your new build from unexpected catastrophes. Just a few clicks, and you can get back to doing what you do best.

Builder’s risk insurance

Builder’s risk insurance covers your building project from covered losses such as fire, severe weather, or theft while under construction, prior to the certificate of occupancy. Builder's risk may also cover the cost of cleanup and clearing away debris and the loss of rental income, and cost associated with delayed completion of the construction.

What Does Builder’s Risk Cover?

When you have a Builder's Risk policy covering your construction project, you’re covered against losses which may include:

  • Theft of tools and equipment onsite.
  • Fire damage to a structure in progress.
  • Structural damage due to weather events.
  • Vandalism to a structure in progress.
  • Delayed Completion.

PLEASE NOTE: Builders Risk Policies are not standardized, so coverage varies from carrier to carrier. Always read the policy before purchasing coverage.

Optional Coverages

The following optional coverage can be added to most policies to meet the needs of the contractor:

  • Installation floater, this covers uninstalled materials and equipment, while in storage, or transit, or the job site.
  • Premise liability should a person become injured while on the site (this excludes employees, subcontractors and their employees).
  • Delayed completion of the project.
  • Loss of rental income, or other costs associated with the delay in the completion of construction.
  • Office trailers.
Contractor with blueprint of project

When Do You Need Builder's Risk Insurance?

  • If you are performing new residential or commercial construction and major remodels.
  • In today’s environment a Builders Risk policy is essential to protect your company for the cost of theft or damage to property can strike at any time.

Builder's Risk Insurance Policy Coverage

What is covered?

  • The structure is covered for fire or theft of installed materials
  • In addition to providing coverage on property at the construction site, most builders risk policies provide coverage on the building site, in transit and in temporary storage away from the construction site

What is not covered?

  • Contractors’ tools and equipment, are usually excluded from coverage. Coverage for this type of property is available to the contractor under a contractor's equipment policy.
  • However, some builders risk forms specifically exclude employee theft, dishonesty, or mysterious disappearances or shortages that are found when taking inventory. This exclusion is intended to prevent coverage for property that may have been misplaced, rather than stolen.
  • Loss caused by wear and tear, or site conditions (fungus, wet or dry rot, bacteria and asbestos.) Be sure to read the coverage exclusions to the policy prior to purchasing.
  • Flood and earth movement is excluded from most builders risk policies, but may be endorsed to the policy as needed.
  • Settling, cracking and expansion of foundations, pavements, floors, ceilings, or roofs is excluded from most builders risk policies.
Man with a Hat

The Best Builder's Risk Insurance to get you on the job safely in Milwaukee, WI

If you're running a contracting service, you most likely currently know how easily things can go wrong. From broken equipment to injured employees, and everything in between, building and construction is a hazardous industry where accidents happen every day. Being so, there are few things more vital to your contracting company than insurance that will cover you totally when hard times fall. So if you're trying to find the best possible license bond in Milwaukee, WI, you’ve arrived - put your company in the capable hands of Pascal Burke Insurance Brokerage today!

Where Contractors Go to Get Insured!

We are specialist in an array of policies that cover not only general cases but specialty contractors. Check out how we can help you below.

Why us

Many contracting insurance brokers have business diplomas and briefcases - they might understand the stats, however they don't have the facts. When you select Pascal Burke Insurance Brokerage, Inc., you're drawing from decades of experience in the building and construction industry. Having been in the field ourselves, we know your insurance needs like the back of our hands - hands that are still calloused from the work you do everyday. Some things just can't be taught - they must be lived. So, if you want insurance coverage brokers who'll treat your company as they would their own, we're the ones for you. Let's build something.

About us

In 1974, our founder and president Pascal Burke began his career in construction as an architect’s apprentice, but his heart was in building so he joined a large concrete company, building parking structures and sports stadiums, After a few years he began his own construction company specializing in parking structures until 2005, he then joined the board of directors of an insurance company that specialized in contractors general liability. After 4 years, he began Pascal Burke Insurance Brokerage, Inc. Since this beginning we have specialized in contractors’ insurance and are licensed in over 40 states. We truly know contractors from the ground up!

Milwaukee is the largest city in the U.S. state of Wisconsin, and the fifth-largest city in the Midwestern United States. The seat of Milwaukee County, the city is located on Lake Michigan's southwestern shore, and was incorporated in 1846. As of the 2020 census, Milwaukee had a population of 577,222, a decrease from 594,833 in 2010.[15] It is the 31st largest city in the United States and the fourth-largest city situated along one of the Great Lakes.

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