A special form to suit the entity that needs coverage for property under construction, renovation or repair. Individuals such as contractors, subcontractors, owners, architects and developers involved in building at construction sites. This list is inclusive of those builders involved in building houses, apartments, offices, factories, warehouses or any other type of structure or project under construction.
Property is covered at, or in transit to, the site and while temporarily at other locations.
Coverage can be extended to include soft costs, such as advertising, financing charges, redesign costs and loss of rents. Coverage options can be purchased to cover the perils of earthquake and flood. Contractor's Equipment Coverage Profile Insures the equipment and tools of a contractor, which are normally excluded under typical builder's risk coverage. The property may be owned, leased or rented by the Insured, or it may be property for which the Insured is legally liable. This insurance can provide coverage for incidental transit exposures and off-site storage for goods and materials used at the construction site.