Marine

Builder’s Risk and Installation Coverage Solutions (BRICS)

We designed and built BRICS (Builder’s Risk and Installation Coverage Solutions) as a custom-tailored coverage solution so that construction firms will have the right tool for the job, every time.

Product Availability

(Coverage provided for worldwide exposure)

  • Product details
    Product details

    Coverage

    Insurance solutions for a broad description of Covered Property: new construction, renovation, rehabilitation, alterations or additions; installation, repairs, improvements, erection, rigging or millright; labor costs, delivery charges, change orders, and reasonable overhead and profit; and fabrication and assembly.

    – Coverage is tailored through a wide variety of endorsements: 
         – Green Coverage 
         – Contingent and Difference in Conditions
         – Rigger’s Liability Existing Buildings or Structures
         – Soft Costs, Business Income and Extra Expense 
         – Permission to Occupy
         – Equipment Breakdown
         – Flood, Earthquake and Volcanic Eruption 
         – Additional solutions to address specific situations may be available upon request

    Additional Coverages

    When a dollar amount applies, the following Limits of Insurance can be increased in most instances:
    Contract Penalty for $25,000
    Debris Removal for 25% of the “loss” plus $100,000 as applicable
    Extra and Expediting Expense for $50,000 
    Fire Department Service Charge for $25,000
    Fire Protection Systems for $25,000
    Increase in Construction Costs for labor, materials, supplies, equipment, or change orders incurred to repair or replace Covered Property sustaining “loss”: 10% of the “loss”, but no more than $100,000
    Landscaping and Signs up to the applicable value included in the Limit of Insurance or $100,000 
    Limited Coverage for “Fungi”, Wet Rot and Dry Rot for $25,000*  
    Loss Adjustment Expenses for $5,000 
    Ordinance or Law for up to the Limit of Insurance for Loss of Value and $500,000 for Demolition and Increased Cost of Construction 
    Pollutant Cleanup and Removal for $25,000*
    Preservation of Property 
    Property in the Open, which is not intended to be a permanent part of the building or structure, for “loss” caused by or resulting from rain, snow, ice, or sleet, for $25,000 
    Property That Supports Your Business, for $50,000 including: accounts receivable; equipment used to service Covered Property; computer equipment; media; data; valuable papers; tenants, improvements and betterments; office furniture and supplies; office and construction trailers; business personal property; and other scheduled property 
    Reimbursement for Returning Stolen Property for $10,000* 
    – Reward Coverage for $5,000 
    Site Preparation expenses incurred to re-excavate, re-prepare the site, re-grade the land or to re-perform similar work due to “loss”, even if Covered Property has not sustained “loss” 
    Sewer and Drain Backup
    Sinkhole Collapse
    Temporary Premises for $100,000
    Transit for $100,000
    Temporary Structures, up to the applicable value included in the Limit of Insurance or $25,000
    Testing: “Electrical”, “Mechanical”, “Pneumatic”, and “Hydrostatic”
    Unintentional Errors and Omissions for $25,000* 
    Virus, Harmful Code or Similar Instruction for $10,000 
    Voluntary Parting for $25,000

    Client Profiles

    A broad range of companies in the construction businesses, including general contractors, owners, developers, and specialty trade contractors.

    Benefits & Services

    Whether it is a single project or a reporting policy for multiple jobs, we’ve got you covered. We can insure a wide variety of occupancies under construction, including commercial, industrial, residential, and agricultural buildings and structures; infrastructure; and subcontracted work. Our solutions include full policy limit, primary, excess and participation using either admitted or non-admitted paper.

Downloads

Industries

Disclaimer
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda are only available through non US-based brokers. The Insurance companies of XL Group plc are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company Limited, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Insurance Argentina SA Compañia de Seguros and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by XL London Market Ltd and supported by XL corporate members at Lloyd’s. Additional important information regarding our business is provided on our Legal Notices page.

Expert Profile

Contacts

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Specialty

Builder’s Risk and Installation Coverage Solutions (BRICS)

We designed and built BRICS (Builder’s Risk and Installation Coverage Solutions) as a custom-tailored coverage solution so that construction firms will have the right tool for the job, every time.

Product Availability

(Coverage provided for worldwide exposure)

  • Product details
    Product details

    Coverage

    Insurance solutions for a broad description of Covered Property: new construction, renovation, rehabilitation, alterations or additions; installation, repairs, improvements, erection, rigging or millright; labor costs, delivery charges, change orders, and reasonable overhead and profit; and fabrication and assembly.

    – Coverage is tailored through a wide variety of endorsements: 
         – Green Coverage 
         – Contingent and Difference in Conditions
         – Rigger’s Liability Existing Buildings or Structures
         – Soft Costs, Business Income and Extra Expense 
         – Permission to Occupy
         – Equipment Breakdown
         – Flood, Earthquake and Volcanic Eruption 
         – Additional solutions to address specific situations may be available upon request

    Additional Coverages

    When a dollar amount applies, the following Limits of Insurance can be increased in most instances:
    Contract Penalty for $25,000
    Debris Removal for 25% of the “loss” plus $100,000 as applicable
    Extra and Expediting Expense for $50,000 
    Fire Department Service Charge for $25,000
    Fire Protection Systems for $25,000
    Increase in Construction Costs for labor, materials, supplies, equipment, or change orders incurred to repair or replace Covered Property sustaining “loss”: 10% of the “loss”, but no more than $100,000
    Landscaping and Signs up to the applicable value included in the Limit of Insurance or $100,000 
    Limited Coverage for “Fungi”, Wet Rot and Dry Rot for $25,000*  
    Loss Adjustment Expenses for $5,000 
    Ordinance or Law for up to the Limit of Insurance for Loss of Value and $500,000 for Demolition and Increased Cost of Construction 
    Pollutant Cleanup and Removal for $25,000*
    Preservation of Property 
    Property in the Open, which is not intended to be a permanent part of the building or structure, for “loss” caused by or resulting from rain, snow, ice, or sleet, for $25,000 
    Property That Supports Your Business, for $50,000 including: accounts receivable; equipment used to service Covered Property; computer equipment; media; data; valuable papers; tenants, improvements and betterments; office furniture and supplies; office and construction trailers; business personal property; and other scheduled property 
    Reimbursement for Returning Stolen Property for $10,000* 
    – Reward Coverage for $5,000 
    Site Preparation expenses incurred to re-excavate, re-prepare the site, re-grade the land or to re-perform similar work due to “loss”, even if Covered Property has not sustained “loss” 
    Sewer and Drain Backup
    Sinkhole Collapse
    Temporary Premises for $100,000
    Transit for $100,000
    Temporary Structures, up to the applicable value included in the Limit of Insurance or $25,000
    Testing: “Electrical”, “Mechanical”, “Pneumatic”, and “Hydrostatic”
    Unintentional Errors and Omissions for $25,000* 
    Virus, Harmful Code or Similar Instruction for $10,000 
    Voluntary Parting for $25,000

    Client Profiles

    A broad range of companies in the construction businesses, including general contractors, owners, developers, and specialty trade contractors.

    Benefits & Services

    Whether it is a single project or a reporting policy for multiple jobs, we’ve got you covered. We can insure a wide variety of occupancies under construction, including commercial, industrial, residential, and agricultural buildings and structures; infrastructure; and subcontracted work. Our solutions include full policy limit, primary, excess and participation using either admitted or non-admitted paper.

Downloads

Industries

Contacts

Expert Profile

Disclaimer
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda are only available through non US-based brokers. The Insurance companies of XL Group plc are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company Limited, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Insurance Argentina SA Compañia de Seguros and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by XL London Market Ltd and supported by XL corporate members at Lloyd’s. Additional important information regarding our business is provided on our Legal Notices page.