Builders Risk and Installation Floater Coverage

What it may help with

Subject to the actual policy or bond form, its terms, limits, and exclusions.

• Materials and supplies at the job site, in transit, or in temporary storage before installation, as described in the policy.
• Work in progress, such as installed HVAC units or electrical gear, before the owner accepts the project.
• Project-specific coverage when a contract requires the contractor to insure the work.

Keep in mind

• Who is responsible for insuring the project — owner or contractor — is usually set by the contract. Read that section first.
• Builders risk is generally property coverage, not liability coverage, and it does not replace general liability.
• Theft, water damage, and testing may carry specific conditions or exclusions.

Questions we'll review with you

• What types of materials or equipment do you install, and at what typical value per job?
• Does your contract require you to insure the work?
• Is the project new construction or a renovation of an existing building?