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| Risk Clinic |
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Top experts in the field answer readers' questions regarding risk mitigation, brokerage, insurance and legal issues. Readers submit questions to the editors of Risk & Insurance, who then direct the questions to the appropriate respondent. |
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This Month's Questions
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Builders' Risk
Mr. & Mrs. X just closed a construction loan that purchases a piece of property where they will have Contractor Y build a house for them. Contractor Y will purchase building materials and submit receipts once a month to the bank for reimbursement. Contractor Y wants a builders' risk policy with him as named insured. If Mr. & Mrs. X purchased a homeowners policy with a course of construction endorsement that includes theft of building materials and named Contractor Y as an additional insured, would a builders' risk policy still be needed for Contractor Y? What would be the best way to insure all parties correctly? See the answer |
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Submit a Question
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| If you are an Risk professional and have a general question relating to risk management that you would like answered as our risk question of the week, please submit it here: | ||
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Question Archive
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| See past risk questions and answers here. | ||
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