Coverage and capacity

Coverage

• Our builder’s risk product offers broad coverage for your project under construction as well as materials in transit and materials stored at an offsite location. In addition, the following are also built into our comprehensive form: • Water damage (no “in the open” limitation) • Earth movement, flood, named storm, severe convective storm, and wildfire • Contract penalties • Crane or hoist re-erection expense • Project monitoring systems (i.e., fire, water, theft, and IoT hardware) • Permission to occupancy • Direct damage from an offsite service interruption
• Additional coverage options available: • Delay in completion – coverage for gross income, rental income, contractor soft costs, and/or owner soft costs • Coverage for faulty, defective, or deficient covered property • Contractors equipment (including cranes, tunnel boring machines, and other specialized equipment critical to the project) • Existing real property – extends coverage beyond just damage caused by construction operations • Phased construction – the ability to phase portions of a project on and off as they start or complete