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Builders Risk

Builders Risk is a leading U.S.-based provider of insurance solutions in the construction industry segment

Why Choose Builders Risk?

Builders Risk is a leading U.S.-based provider of insurance solutions in the construction industry segment, focusing on both single-project and Master Builders Risk solutions on a wide array of project types, and provides:

  • A broad appetite and growth mindset for primary, quota share and excess placement for a wide range of accounts
  • Creative solutions tailored to the unique nature of each of its client’s construction risks
  • Multinational capabilities to support clients globally
  • Experienced and knowledgeable risk engineers who collaborate with clients to implement measurable risk improvements that can help prevent losses and reduce costs 
  • A team of dedicated Builders Risk Property Claims Adjusters with 20+ years’ average experience handling claims and risk engineers with 50+ years’ cumulative loss control team experience

The Lexington Advantage

  • Provides dedicated Builders Risk underwriting expertise capable of adapting to market fluctuations while committing to market stability and flexible solutions for the project term 

  • Brings decades of Builders Risk experience allowing for customized solutions for each unique situation and providing needed contract certainty
  • Supports clients with a reliable team of in-house Builders Risk claims professionals who average 20+ years of experience.

Why is this important?

Long-term stability, adaptability, and dedicated claims service underscore Lexington's commitment to its policyholders

  • Consistently develops flexible solutions with quick turnaround derived from industry claims data, emerging risk trends, and technical expertise to help brokers meet their clients’ unique construction risk needs 

  • Develops tailored coverages for small, midsized and complex projects, including domestic, multinational, and multi-year 

  • Provides customized solutions for wood- frame structures that include flexible project coverage

Why is this important?

Flexible solutions respond to client needs across a range of project durations and around the world.

  • Dedicates a team of risk engineering specialists and claims professionals to help clients implement measurable risk improvements, prevent losses, and manage costs 

  • Upon property damage coverage confirmation, Lexington Claims  promises to provide working funds of 50% of its share of the agreed property damage estimate within 7 days

  • Able to provide clients with customized risk engineering service plans and comprehensive loss control reports to help manage Total Cost of Risk

Why is this important?

Effective risk management, claims support and loss control helps mitigate risks and reduce costs.

Real-World Problem Solving

Benefit from our proven experience in working with brokers and the clients to deliver successful outcomes.


An insured’s risk manager approached Lexington for data on key construction loss drivers to determine potential causes of loss. The risk manager wanted to address various exposures and manage the overall cost of risk.


We provided proprietary claims and risk data, detailing the frequency and potential severity of industry loss drivers. We also provided a risk engineering service plan including insights on how to help prevent or mitigate loss.


The broker and the risk manager used our expansive view of first-party construction risks to customize the insured’s risk management program to the scale and uniqueness of its operations and project exposures.

Why is this important?

Lexington’s vast experience, data, and solutions help insureds lower overall cost of risk.


A  multi-year project was halted for several months due to labor, materials, and supply chain challenges.  This delay resulted in a change to project scope and extension of construction timeline.


Working with the broker and the client, we provided both a coverage solution for the standstill period and committed to provide a coverage extension for the anticipated duration of the project.


Continuity of coverage allowed the client to continue on the project through challenging economic circumstances.

Why is this important?

Builders Risk is there when clients need them, during challenging times and over the long term.


To better understand the exposures, best practices, and risk mitigation efforts surrounding a new and trending construction class, a client’s risk manager sought our expertise prior to project initiation.


Risk engineering, claims, and underwriting provided a multi-faceted risk engineering proposal supported by white papers and insights on how innovative new technology can help lower the frequency and severity of future losses.


Implementing our recommendations resulted in a highly customized program with a lower cost of risk.

Why is this important?

We support client innovation through the depth of our dedicated risk services.

Meet the Builders Risk Leadership Team


Coverage is subject to actual policy language. Certain products and services may be provided by other AIG subsidiaries or affiliates. Non-insurance products and services may be provided by independent third parties.

Licensed surplus lines brokers may obtain products and services from Lexington Insurance Company or from Lexington Specialty Insurance Agency, Inc. (CA license no. 6003097), an AIG subsidiary serving as a program administrator for Lexington Insurance Company and other AIG member companies.

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