Problem

PRIME Package Solution

Keeping insurance up with constant changes in jobs (possible co-insurance issues)?

Up to $1,000,000 additional coverage for increases in the contract amount due to change orders.

Do the contractor’s needs fit with owner’s coverage. Any gaps?  Double coverage? Differences in deductibles?

Option to pay only for what you need by plugging gaps left by other policies.  Can even “buy down” an oversized deductible.

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

Optional coverage for Equipment/Machinery Breakdown for the full policy job site limit.

Unsure about liability for leased or rented equipment. If damage occurs, does contractor’s 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.

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

Endorsement offers a coverage extension for contract damages for resulting delay.

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.

Include additional protection against inflation up to the limit selected.

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.