What has added new pressure in recent years is project length. Many frame builds that originally assumed a 12- to 18-month term now need 24 or 30 months due to labor shortages, permitting delays, or materials disruptions. Benson cites the frequent scenario where a carrier will write a two-year term on a three-year build. “The build gets delayed, but the carrier won’t extend past the original term,” he noted. “The broker is then left trying to find mid-term builders risk coverage, often from surplus markets, at a much higher price.”