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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

Financial Interest and Named Insureds In a typical Builder’s Risk policy , the named insured is the entity that has a financial interest in the construction project. This could be the contractor, developer, or property owner, depending on who stands to suffer a financial loss if the property is damaged during construction.

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Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Distinguished

We had an insured recently where we were at the max 24 months when the broker requested a three-month extension. It’s important to monitor results and get ahead of future threats, and this can help minimize financial losses. Property and Liability products are distributed through a national network of agents and brokers.

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Does Homeowners Insurance Cover Collectibles? 

Distinguished

In the case of a catastrophic loss, art pieces worth thousands of dollars would only be covered up to that low per-item limit, leaving the collector with significant financial losses. Property and Liability products are distributed through a national network of agents and brokers.

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Management Liability Insurance: A Broker’s Guide 

Distinguished

As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. If you are a wholesale broker, then getting started with Distinguished Executive Lines is easy.