Owner’s Interest coverage is built around the owner’s specific liability exposure on a construction project. Below is what a policy typically addresses. All coverage is general in nature and governed solely by the terms of the issued policy.
Core coverages
The policy responds to third-party claims — bodily injury and property damage — arising from the operations of hired contractors, where the owner is named. It includes completed operations, addresses action-over claims, and provides personal and advertising injury coverage. Blanket additional insured status is automatically provided, and limits are available up to $10MM.
Optional coverages
Policies can be tailored with pollution liability (multiple ISO options), subsidence, and other endorsements — each available by endorsement, subject to appetite — to meet specific contract or jurisdictional requirements. Extended completed operations can run up to 10 years or the statute of repose.
A note on eligibility
Most residential and commercial projects fall within appetite, and quotes are often delivered quickly. Certain risk characteristics — such as tower-crane work in dense metropolitan areas or unusually large or complex projects — may require an underwriting referral. Your broker can confirm how a specific project is viewed.