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Builder's Risk Losses

Unforeseen losses and accidents that occur on a construction site can have a direct impact on the project, from cause and extent of damage, to schedule, to delay, and even business interruption.

Envista has some of the most well-known and respected experts in the industry. We've testified and consulted on major, complex construction losses all over the world. Our consultants have been in the industry for decades and have diverse backgrounds, from contracting to costing and engineering. We put the right team together to advise you on everything from the extent of damage to remediation and restoration plans and repair or replace estimates. We also assist with construction management, reporting, and even vendor management to get the project back up and running again.

What is Builder's Risk Insurance?

Builder's risk insurance, also known as course of construction insurance, is designed to protect property under construction and typically plays a big part in a risk management strategy.

Property damage due to the following incidents fall under typical builder's risk policies:

  • Catastrophe
  • Fire
  • High Wind
  • Theft
  • Explosion
  • Flood
  • Lightning
  • Vandalism

Builder's Risk and Course of Construction

Envista's capabilities with builder's risk policies extend from causation and liability to cost analysis. The costs associated with the schedule delay and loss of productivity can sometimes be equally as significant as the direct costs to mediate or repair the damage. Our forensic engineering experts can quickly assess the extent of damage, cause, and liability, determine defects or construction issues and develop plans for recovery, repair, and cost estimates. We work closely with our building consulting team to jump-start recovery efforts and minimize delays. Whether it's equipment-related, a safety issue or accident, a mechanical or electrical failure, or civil or structural failure, our engineers can assist.

Our construction consulting team provides the forensic analysis and comprehensive assessment necessary to determine how much of the claim is related to the insurable event versus what may have predated the event. Moreover, through the expertise of our construction defect professionals, we are able to identify deficiencies in construction that may have caused or contributed to the loss event. Our goal is to get you the answers you need and get the project back online.

Our builder's risk expertise includes, but is not limited to:

  • Construction defect evaluation
  • Delayed start-up/critical path/extension of time assessments
  • Evaluation of changed scope of changed conditions
  • Forensic engineering
  • Quantification/extent of damages
  • Schedule delay and disruption analysis
  • Costing and quantity survey
  • Earned value assessments/pre- and post-event
  • Expert witness services
  • Loss of productivity assessments
  • Review of acceleration claims

Builder's Risk Experts

Our expert team includes, but is not limited to:

  • Architects
  • Civil and structural engineers
  • Geotechnical engineers
  • Mechanical and electrical experts
  • Building code experts
  • Construction experts/previous GCS
  • MEP specialists
  • Project managers
Need a Builder's Risk Loss Consultant?

Please visit our expert directory.

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