Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Kurt Colden, assistant vice president and account executive for insurance-broker Lockton, notes that builders’ risk policies are often heavily manuscript and allow for extensive discussions over the placement.

Dan Brimer, brokerage manager in St. Louis for the excess-and-surplus lines broker Burns & Wilcox, says that some of those terms and conditions might include coverage of soft costs, such as delays in construction, additional professional fees, lease-administration costs and extension of time to complete the project. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.