Coverage Highlights

Owner’s Interest (OI)

Offering full general liability limits for property owners, including completed operations and extended completed operations coverage up to the state statute of limitations.

Requirements:

• The general contractor manages all subcontractor activity and job site safety, providing the insured/owner with hold harmless, indemnification language and additional insured status for ongoing and completed operations.
• Standard coverage requires at a minimum: an executed contract certificate of insurance from the hired general contractor.

Capacity:

• Primary: 1M/2M/2M or 2M/4M/4M
• Supported excess with limits up to 10M

Owners and Contractors Protective (OCP)

OCP coverage supplements the owner’s additional insured status on the general contractor’s policy during construction.

Requirements:

• The general contractor will provide additional insured and primary and noncontributory status to our named insured, as well as adequate limits for the scope of work.

Capacity:

• Primary limits only up to 5M/5M

Appetite & Availability

Appetites below represent targets and are not exhaustive.

Target Appetite: OI and OCP policies

• Owners hiring only the general contractor
• Single-location projects
• Commercial or industrial projects
• Vacant buildings

Additional Operations Considered:

• Nonstructural renovation of occupied buildings
• Demolition-only projects
• Residential buildings
• Direct hires of additional trades (limited number)

Minimum Premiums:

• OCP outside of NY: $1,000
• OCP in NY: $2,500
• OI outside of NY: $3,500
• OI in NY: $7,500

Additional Information

Send submissions to [email protected]