Ironshore Specialty Casualty’s Construction unit has introduced endorsements for construction projects tailored to meet the liability needs of sophisticated market participants. Ironshore’s new endorsements are available for wrap (OCIP and CCIP), project specific and owner’s interest developments, providing coverage options for project owners, general contractors, joint venture entities and real estate developers. Coverage enhancement options are underwritten on the standard ISO general liability policy form, with primary limits up to $2 million per occurrence and $4 million on an aggregate basis.
Ironshore’s Owner’s Interest Integrated Coverage Endorsement has been specifically developed to provide project owners with residual coverage related to a project in excess of other available policies from any contractor or subcontractor. The policy language has been crafted in response to the risk exposures faced by project owners. As an additional enhancement, clients can also further expand coverage to include extended completed operations.
Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its multiple international platforms.
Topics Construction
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