Problem

PRIME Package Solution

Do the subcontractor’s needs fit with others’ coverage? Any gaps?  Double coverage?  Differences in deductibles?

Installation insurance offered at a reduced rate on jobs where insurance is supposed to be furnished by others. Pay for only what you need.

Standard GL doesn’t cover your loss to service work on property you previously installed.

Up to $25,000 policy extension to protect against loss to service work property.

Damage to part of the structure may require (by law) that even undamaged work be demolished.

Extend coverage for the full policy job site limit for these special circumstances.

Often no coverage for electrical short circuit or mechanical breakdown during testing.

Optional coverage for installation project Equipment/Machinery Breakdown for the full policy limits.

Possible contract penalties if job in progress is delayed due to a physical loss.

Endorsement offers a coverage extension for resulting contract penalty (liquidated damages).

Unsure about liability for leased or rented equipment.  If damage occurs, does insurance meet with the requirements of the rental contract?

Our endorsement waives coinsurance, waives depreciation on partial losses and provides additional coverage for rental expense obligations.

Unsure about coverage for equipment loaned to or borrowed from others.

Include additional insurance for equipment you loan or borrow.

Inflation in materials and labor costs could mean insufficient coverage.

Extend installation coverage to include additional protection against inflation up to $100,000.

Risk a penalty for coinsurance non-compliance if “blanket” installation coverage is insufficient to insure full contract amounts.

Waive coinsurance requirement for “blanket” installation coverage.