This becomes particularly important as the project nears completion and the new property would traditionally need to transition from a builders risk policy to the property policy. By insuring it on the property policy during construction, there is no need or worry of gaps in coverage during the transition.

This includes extensions of coverage, natural hazard limits, deductibles and other special terms in conditions. This eliminates the need to re-negotiate terms as well as provides consistent coverage for property in the course of construction.

Affiliated FM property loss prevention specialists will be involved in the planning process to ensure you are aware of any hazards being created during your new project. Oftentimes, by identifying the exposure before it is created allows for alternative products, methods or designs to be used that reduce the exposure at little to no additional cost to the project.

Our experience has taught us that the majority of property losses that happen during construction are preventable. Many of them are the result of human error on behalf of contractors. By implementing a few simple human element programs, you can avoid losses that delay the project and lead to higher costs.