Construction Insurance Brokers — Property & Casualty Coverage

A construction insurance broker is a licensed intermediary who works on behalf of contractors, subcontractors, and developers to identify, structure, and place property and casualty coverage with specialty carriers. Unlike a direct insurer, a broker has access to multiple markets — allowing them to match complex construction risks with carriers that have real appetite for those exposures, often securing better terms and coverage than a single-carrier approach.

At minimum, construction companies need General Liability, Workers Compensation, and Builder's Risk coverage. Depending on project scope, they may also need Completed Operations, Tools & Equipment inland marine, an Installation Floater, Commercial Auto, and — for large developments — a Wrap-Up program (OCIP or CCIP). Contract requirements from lenders and project owners typically define the minimum coverage limits and policy structures required to begin work.

Builder's Risk covers structures under construction against physical loss or damage — including fire, theft, vandalism, and certain weather events — from groundbreaking through project completion. It typically covers the structure itself, materials on-site, and materials in transit to the job site. Coverage ends when the project is completed and handed over, at which point permanent property coverage takes effect.

Completed Operations is a liability coverage that protects contractors against claims for bodily injury or property damage arising from work that has already been finished and handed over. Defect claims can emerge years after project completion, and many standard General Liability policies restrict post-completion coverage. Soma structures Completed Operations protection to cover contractors through the full statutory exposure window applicable to their project type.

A Wrap-Up, or OCIP/CCIP, is a consolidated insurance program that covers all contractors and subcontractors on a single large-scale project under one policy. An Owner-Controlled program (OCIP) is purchased by the project owner; a Contractor-Controlled program (CCIP) is purchased by the general contractor. Wrap-ups simplify certificate tracking, eliminate coverage gaps between trades, and often reduce overall insurance costs on complex developments.

Soma is designed for fast placement. After completing a single application, Soma's risk management team analyzes your operations and works with its carrier network — including Chubb, Liberty Mutual, and Kinsale — to deliver quotes without the weeks-long delays typical of traditional brokers. Many straightforward construction programs can be quoted and bound rapidly, while complex or wrap-up programs are structured as efficiently as the project timeline allows.

Yes. Soma specializes in placing construction risks that standard commercial markets decline — including new ventures, contractors with prior claims history, specialty or high-hazard trades, and complex multi-phase developments. Soma's direct relationships with specialty carriers like Kinsale and Chubb provide access to markets with broader appetites, enabling coverage where other brokers have failed to deliver.

Yes. Soma's construction specialists are experienced in structuring programs that meet lender, owner, and contract-mandated coverage requirements, including specific limits, additional insured endorsements, and waivers of subrogation. The team manages certificate issuance and can coordinate with project owners or general contractors to ensure all compliance documentation is accurate and delivered on time.