This type of coverage is essentially split into two categories, property & liability. Outlined below is a SAMPLE of the types of coverages typically found on policies of this nature.

Remember, this is a guideline only as each project needs to be looked at individually. It is simply intended to provide an overview of some of the areas to be mindful of in regard to this type of insurance.

BUILDERS RISKS - PROPERTY

Covers	Property owned by insured or for which it is legally liable. Property of Others to be used in a part of, or incidental to the construction project. Property in course of construction, installation, reconstruction or repair While in Transit anywhere in the world Debris Removal
Perils Insured	"All Risks" of direct physical loss including Flood & Earthquake
Limits of Liability	Typically determined by contract
Special Conditions	Business Interruption (as required): a. Delayed Opening b. Extra Expense c. Margin of Profit Extension for contractors Named Insureds to include Contractors, Architects, Engineers, and Lender (See Liability Special Condition #5) Basis of Settlement - Full Replacement Value Main Exclusions a. Contractor's Equipment b. Property in the course of Ocean Marine shipment c. Vehicles licensed for Highway use d. Cost of making good, faulty or defective workmanship, material or design, but this exclusion shall not apply to damage resulting from such faulty or defective workmanship, material or design. e. Penalties for non-completion or delay in completion of contract or non-compliance with contract conditions. f. Wear and tear, inherent vice, latent defect, but damage resulting therefrom is insured. Deductibles Flood - $10,000.00 Quake - 2% Other - $10,000.00 (negotiable)

COMPREHENSIVE GENERAL LIABILITY
Builders Risk "wrap-up"

Covers	Legal Liability for compensatory damages because of bodily injury or property damages to third parties arising from all operations of insured Including Premises and Operations Completed Operations & Products - 12 months Sub-Contractors Contingent Personal Injury Intentional Injury Caused to Protect Persons/Property Contractual Liability - (Blanket) Broad Form Property Damage Employees as Named Insureds Cross Liability Clause Voluntary Medical Payments $ 2,500 per person $25,000 per occurrence Incidental Medical Malpractice Non-Owned Auto Liability Contingent Employers Liability
Limit of Liability	Determined by contract but should note less than: $2,000,000 per occurrence
Special Conditions	Deductible Clause - $10,000.00 (negotiable) Property Damage per occurrence Pollution Exclusion Professional Liability Exclusion 30 Days Notice of Cancellation Listed of additional Named Insureds

If you have any questions about your business insurance, please feel free to email us;
John, Dick or Carol.