Completed operations coverage responds to claims that arise after a construction project is finished — not during the build. For a project owner, this is often where the most significant liability lives, because construction-related bodily injury and property damage can surface years after occupancy.
Why it matters for owners
Consider a contractor’s faulty work that results in bodily injury after the project is complete: long-tail liability can attach to the owner. Without completed-operations coverage, the owner may have no policy responding to that claim. This is the single biggest reason owners choose Owner’s Interest over OCP, which does not include it.
Owner’s Interest includes completed operations, and extended completed operations can run up to 10 years or the applicable statute of repose, whichever is less.