Remove Inland Marine Remove Liability Remove Theft
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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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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Job sites that are under construction are prone to things like fire, theft, and vandalism. Theft : Covers the cost of replacing covered items that were stolen from the job site. Equipment : Covers damages to or theft of equipment used on the job site. An increase in construction also means an increase in financial risk.

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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? – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism.

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Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage.

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

Distinguished

We can consider weather related claims, but claims of theft, vandalism, and fire, for example, would be an automatic decline. If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. And in those cases, it would be a declination.

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Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles 

Distinguished

At Distinguished, our public art insurance covers theft and incidental damage to the fine art and collectibles entrusted to the public institution. Property and Liability products are distributed through a national network of agents and brokers. What Does Public Art Insurance Cover?

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

Distinguished

This includes damages that arise from: Fires Theft Vandalism Weather events We are also proud to offer coverages beyond property damage for buildings, temporary structures, and building materials. 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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