The benefits of modular and prefabricated construction have been demonstrated to be speed and cost – two essential requirements of any construction project. Evolutionary methods in any market are also accompanied by new challenges and modular and prefabricated methods of construction introduces new risks and insurance considerations, impacting risk transfer strategies, such as transportation damages, manufacturing defects, and potential delays, requiring tailored insurance solutions. This presentation will explore why modular and prefabricated methods of construction are on the rise, but also assess the associated risks and the insurance coverage available.