Zurich Property and Inland Marine Insurance Coverages
Construction company operations often present a unique set of challenges, including adequately protecting their investment in contractors’ equipment, business property and construction materials. Zurich’s suite of available construction specific coverages can be custom-designed and built to provide a wide range of property insurance solutions packaged for the needs of construction firms.
What coverages are available from Zurich for a Contractor’s owned or rented property and/or equipment?
Zurich offers multiple ways for contractors to protect their assets while at owned locations, project sites, or in transport or storage in between. Coverage options available include Zurich Property & Inland Marine Essentials (Z-PRIME), Zurich Contractor’s Inland Marine Package, and Zurich’s Monoline Contractor’s Inland Marine.
What is Property and Inland Marine Essentials for the construction industry?
Zurich’s Property and Inland Marine Essentials (Z-PRIME) brings vital coverages together under one form, tailored to the unique needs of every construction customer. With fixed property and business personal property serving as the foundation, contractor’s may add any of the available inland marine coverage components to complement their comprehensive coverage.
Zurich Contractor’s Inland Marine Package
Customers can combine multiple inland marine coverages into a single policy without the need for fixed or business personal property coverage. Coverage can be provided for Owned or Leased/Rented Contractor’s Equipment, Installation Property, and Riggers Liability, with two or more coverages packaged together.
Zurich Monoline Contractor’s Equipment
Today’s construction projects are complex, often requiring unique insurance solutions to protect its assets. Zurich’s ability to offer a single, often project specific, inland marine coverage ensures a tailored solution that helps insureds to meet contractual relationship driven requirements while protecting an asset critical to a construction project’s success.
Why choose Zurich Construction for property and inland marine coverage?
Zurich’s suite of property and inland marine coverages provides construction customers with a broad array of property coverages addressing the challenging needs of your industry — solutions packaged with the knowledge and experience of construction insurance specialists.
Zurich Property and Inland Marine for construction can include:
- A modular policy allowing contractors to customize coverage to their specific needs
- Innovative coverage extensions for industry-specific needs
- Domestic and global coverage capabilities
- Robust CAT limits in high-hazard zones
- Blanket coverage options
- Business Interruption & Extra Expense Coverage Options
- Expediting and/or Extra expense
- Temporary Storage Locations
- Coverage For Property While In Transit
- Pollutant Cleanup For Land And Water
Coverage available for Property
- Real and/or business personal property coverages
- Bridges, roadways, walks, patios or other paved surfaces
- Costs of excavations, grading, filing, or backfilling
- Fences, retaining walls, antennas/dishes and signs
- Underground pipes, foundations, machinery, or boilers
- Equipment breakdown
- Tenant improvements and betterments
- Glass
- Electronic data processing (EDP) hardware
- Newly Acquired property
- Debris removal
- Defense costs
- Freight charges
- Civil authority
- Consequential loss
- Contamination by refrigerant
- Contractual penalties: business income
- Crime
- Dependent business income
- Electronic vandalism
- Fairs or exhibitions
- Fire-protective service charges and equipment refills
- Ingress/egress
- Lock and key replacement
- Newly acquired, unscheduled and unreported premises
- Off-premises service interruption: direct damage
- Ordinance and law included in property limit
- Outdoor trees, shrubs, plants or lawns
- Preservation of property
- Professional fees
Coverage available for Inland Marine
- Contractor’s Equipment Coverage
- Continuing Lease Or Rental Payments
- Contractor’s Employees’ Property
- Expediting Expense
- Extended Warranties
- Hauling Equipment Of Others
- Newly Acquired Contractor’s Equipment
- Rental Reimbursement And Continuing Expenses
- Spare Parts And Fuel
- Unintentional Errors Or Omissions
- Unmanned Aircraft (unscheduled)
- Contractor’s Equipment Business Income and Extra Expense Coverage
- Contractor’s Equipment Rental Income Coverage
- Contingent Contractor’s Equipment Coverage
- Mechanical/Electrical Breakdown Coverage
- Moving Property Of Others (e.g.; Goodwill Coverage under Riggers Liability)
- Installation Property Coverage
- Installation Additional Expense
- Damage To Existing Real Property Due To Construction Operations
- Owner’s Extra Expense
- Hot Testing Coverage
- Riggers Liability Coverage
- Goodwill Coverage
- Rigging Additional Expense
- Millwright Additional Coverages
- Motor Truck Cargo Legal Liability Coverage (via AAIS forms)
Additional Available Coverages
- Civil authority, extended period of indemnity for business income and extra expense
- Consequential loss
- Contamination by refrigerant
- Contractual penalties: business income
- Crime
- Debris removal included in real property limit
- Dependent business income
- Electronic vandalism
- Expediting expense
- Extra expense
- Fairs or exhibitions
- Fire-protective service charges and equipment refills
- Ingress/egress
- Lock and key replacement
- Microorganisms: direct damage
- Newly acquired, unscheduled and unreported premises
- Off-premises service interruption: direct damage
- Ordinance and law included in property limit
- Outdoor trees, shrubs, plants or lawns
- Pollutant cleanup and removal: land and water
- Preservation of property
- Professional fees
- Rewards payments
- Salespersons samples
- Domestic and global coverage capabilities
- Robust CAT limits in high-hazard zones
- Optional add- on: Warehouse Legal Liability
- Microorganisms: direct damage
- Newly acquired, unscheduled and unreported premises
- Off-premises service interruption: direct damage
- Ordinance and law included in property limit
- Outdoor trees, shrubs, plants or lawns
- Pollutant cleanup and removal: land and water
- Preservation of property
- Professional fees
- Rewards payments
- Salespersons samples
- Domestic and global coverage capabilities
- Robust CAT limits in high-hazard zones
- Optional add- on: Warehouse Legal Liability
Depend on the Zurich difference
Zurich’s long-term relationship with the construction industry and active participation in key construction and insurance industry associations has earned us leadership and influence. We draw upon the talents of professionals who specialize in serving the construction industry and understand its technical and operational aspects.
When we insure your company, we provide the expertise of Integrated Underwriting, Risk Engineering and Claims account teams who know the construction business and understand the risks you face. Together with you and your broker, our team will help you custom-build a suite of coverages and risk solutions that will empower you to do business with confidence.