Construction & Specialty · Minnesota
Minnesota Builder's Risk Insurance
Minnesota construction projects — from Twin Cities commercial builds to residential developments across the state — need builders risk coverage from the moment ground breaks until the project is complete. As a MN-licensed independent broker, I find builders risk insurance for MN project owners and contractors that covers buildings under construction, materials stored on-site, and temporary structures.
What builder's risk insurance covers
Builder's risk insurance covers buildings under construction in Minnesota from groundbreaking through project completion — protecting the structure, materials, and equipment on-site from the moment construction begins.
Structure Under Construction
Covers the building itself during the construction phase — including framing, roofing, mechanical systems, and interior finishes as they're installed.
Materials & Equipment On-Site
Covers construction materials stored at the job site or in transit to the site — lumber, roofing materials, fixtures, and mechanical equipment waiting to be installed.
Soft Cost Coverage
Covers architectural and engineering fees, permit costs, and financing charges that must be re-incurred if a covered loss requires reconstruction.
Loss of Revenue / Rental Income
Covers lost rental income or revenue that was expected from the completed project if a covered loss delays the project completion.
Temporary Structures
Covers scaffolding, temporary fencing, construction trailers, and other temporary structures at the job site.
Collapse Coverage
Covers the cost of rebuilding if a partially completed structure collapses due to construction errors or defective materials.
Why Dayton Insurance
An independent agent who works for you
Unlike captive agents who represent one company, I shop multiple carriers to find the right coverage at the right price for your Minnesota business.
Truly independent
I represent multiple top-rated carriers — not just one company. That means you get options, not a single take-it-or-leave-it quote.
Claims advocacy
When you file a claim, you have someone in your corner. I'll walk you through the process and follow up with the carrier so you don't have to fight it alone.
One agent, start to finish
From the first quote to renewal, you work with Nate directly. No call centers, no handoffs, no surprises at renewal.
Get your quote
Ready to get covered in Minnesota?
As an independent broker, I shop multiple carriers to find the right fit for your Minnesota business. Most commercial quotes come back within 2–3 business days.
Request a Free Quote
No forms, no fees — just a straightforward conversation about your coverage needs.
Common Questions
Frequently asked questions
Who buys builder's risk insurance — the owner or the contractor?
Either the property owner or the general contractor can purchase builder's risk, depending on the contract terms. The policy should cover all parties with an insurable interest in the project, including the owner, GC, and major subcontractors.
When does builder's risk coverage start and end in Minnesota?
Builder's risk typically starts when construction materials are first delivered or groundbreaking begins, and ends when the project reaches substantial completion or the building is occupied — whichever comes first.
How much does builder's risk insurance cost in Minnesota?
Builder's risk typically runs 1%–4% of the total project value annually, depending on construction type, project location, and duration. A $500,000 residential project might cost $1,500–$5,000 for a 12-month policy.
Does builder's risk cover tools and equipment at the job site?
Builder's risk covers materials being incorporated into the structure. Contractor's tools and equipment typically require a separate inland marine (equipment floater) policy.