If you can prove the builder caused the damage and they don't deny it, then put it in writing to them requiring them to sort it or you will get an alarm specialist in and knock off the cost from their bill. If the builder accepts this no problems let them finish the job, if not then you could consider asking them to stop the works and withhold some monies to cover the repair.
In terms of insurance any reputable builder will carry public indemnity insurance, but the excess will probably not make it worth them claiming for the cost of the alarm repair.