A new commercial building represents a massive investment of capital, materials, and labor. From the moment you break ground, that investment is exposed to significant risks like fire, theft, and Oklahoma’s unpredictable weather.

Our Builder’s Risk Insurance for Commercial Property is specifically designed to safeguard your high-value project throughout the entire course of construction, ensuring a single catastrophic event doesn’t derail your project and destroy your bottom line.

How Much Commercial Builders Risk Insurance Do I Need?

The coverage limit for your Builder’s Risk Insurance – Commercial Property policy is a critical calculation. It should be based on the total completed value of the project—that is, the full replacement cost of the finished building, including all materials and labor. This amount does not include the value of the land itself.

An OKFB agent specializing in commercial construction will review your project plans and budget to help you set a limit that is sufficient to rebuild the entire structure from the ground up.

Builders Risk – Commercial Property Coverage Features

Commercial Buildings Under Construction

Commercial buildings under construction insurance covers new construction on buildings that will soon be occupied by businesses when you have completed the job.

PAYMENT OPTIONS & PREFERENCES

Convenient Payment Options

We offer many ways to conveniently pay your builders risk – commercial property premiums. Choose from a full payment, quarterly payments or a monthly automatic draft from your bank account. Check with an OKFB agent to see which option may be best for you.

Do you need to change your premium payment preferences?

We understand life happens. That’s why we allow our policyholders to easily update their payment preferences. Contact your OKFB agent to make a change.