- National Insurance Group
- Jul 20, 2022
- 2 min read
The Hartford
WE'VE EXPANDED OUR BUSINESS OWNER'S POLICY SPECIFICALLY FOR CONSTRUCTION FIRMS.
LET'S TAKE A CLOSER LOOK
NEW! FLEXIBLE ADDITIONAL INSURED (AI) BLANKET ENDORSEMENT
Benefit
Takes the hassle out of complying with AI coverage requirements of construction
contracts that are generally not uniform or consistent.
• Automatically conforms to the ISO form edition stipulated in a written contract.
• Ideal for construction firms that enter into multiple contracts with different AI
ISO form requirements, which can vary based on edition dates.
Example:
The insured enters into a contract with a general contractor (GC) that
requires the GC be listed as an additional insured. It also requires specific ISO
language related to coverage provided to the GC (i.e., “arising out of”). With this
endorsement, the policy automatically conforms to the required ISO language.
NEW! CONTRACTOR BROADENING ENDORSEMENT
Provides key coverage enhancements for construction firms, many giving you a
competitive edge, including:
DAMAGE TO YOUR WORK EXCLUSION
Benefit:
Broadens coverage with changes to the exclusion language:
• “Unexpected | unintended property damage to, or caused by, your work” is now
considered an occurrence under the Deemer Clause.
• “Arising out of” is replaced with “restored, repaired, replaced” clarifying what’s
excluded when non-defective work is performed.
• Restricts the exclusion to “that particular part of your work out of which damage
arises.”
• Clarifies the exclusion does not apply to the entire project (general contractors only).
Example:
An interior carpenter installs a new faucet as part of a kitchen remodel.
She incorrectly uses piping that doesn't connect properly but is otherwise
functional. A leak causes damage to the flooring. The cost to replace the damaged
flooring is now covered.
NEW! WRAP-UP COVERAGE
Benefit:
Bundles key exceptions to the Wrap-Up exclusion, providing broader protection – all through one endorsement. This includes:
• Products-completed operations coverage when the Wrap-Up
has ended.
• Exceptions for repair and punch list work.
Example:
The insured works on a project covered by Wrap-Up insurance. After project completion, he does some repair work, which causes property damage. While property damage is generally excluded under Wrap-Up coverage, if the insured purchased our broadening endorsement, he’s covered.
NEW! ALIENATED PREMISES COVERAGE
Benefit:
Increases protection through an exception to the Damage to Property exclusion for “your work” when the premises are “your work.” We’ve also removed the condition that the insured cannot occupy, rent or hold for rent a premises where they have
performed services.
Example:
The insured performs work for a tenant in a building she also owns and has office space. After she sells the building, covered property damage is discovered, and the insured is sued. With our Alienated Premises coverage, she’s got nothing to worry
about – she’s covered.
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