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

Distinguished

However, it will not be covered for liability claims under a Builder’s Risk policy since that policy is not designed to cover the contractor’s operations, such as poor workmanship or negligence. Instead, a contractor’s operations liability should be covered by a separate Contractor’s General Liability policy.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Is there a high level of professional liability in your operations? How much coverage do you need to fully protect your assets? – Do you handle sensitive customer data?

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Builder’s Risk Insurance in Alabama: A Broker’s Guide 

Distinguished

We’ll outline the projects we cover and risks we address, equipping you to protect your clients’ investments in Alabama’s expanding construction market. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

What Risks Does Distinguished’s Builder’s Risk Insurance Protect Against? Distinguished offers protection against: Acts of God : Such as weather events that are beyond human control. Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site.

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

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And regarding coverage, if the named insured is the builder, or there is a relationship between the named insured and the builder, in that capacity we would exclude general liability coverage. It not only protects the program, but also the reputation with both our carrier partners and customers.

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Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs 

Distinguished

This means complete property protection in the event of damages from: Extreme weather events Vandalism Theft Fire Beyond property damage, Distinguished also offers coverages for: General liability Soft costs Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Michigan?

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Builder’s Risk Insurance in Georgia: Coverages, Costs, and More 

Distinguished

We’ll explore the wide range of projects covered, from single-family homes to commercial buildings, and examine the comprehensive coverages that protect your clients’ investments. Property and Liability products are distributed through a national network of agents and brokers.

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