Master Course of Construction Program

Public Entity > Programs > Master Course of Construction Program

The Master Course of Construction program offered by Alliant Insurance Services provides public entities with broader builders risk coverage and control of their property insurance while their property is under construction. The program offers among the lowest rates commercially available.

With comprehensive coverage designed specifically for owners of major construction projects, this program also covers contractors’ and subcontractors’ interest in the project. Coverage includes:

Materials at the job site
Property in transit
Loss of income or tax revenue to the owner if the project is not completed on time due to a covered loss
Additional costs to rebuild the property (soft costs)

This policy may be written to cover the entire structure while under construction or during renovations, rehabilitation, or remodeling of existing structures. The program is underwritten by carriers highly rated by A.M. Best.

Program Features

Coverage for the term of the project
Fixed cost for the term of the project
Premiums are controlled by the owner and will be net of contractor overhead
Blanket all-risk coverage with optional earthquake and flood coverage
Coverage limits are controlled by the owner to ensure adequate insurance for the term of the project
Off-site storage coverage
Transit coverage for materials and other property
Optional coverage for additional costs for a delayed opening caused by a covered peril. This coverage will protect projected revenue or tax streams.

Program Benefits

$400+ million limit per occurrence on any one project or project values available
Deductibles as low as $50,000
All interests are covered under one master program

For more information, contact:

Thomas Bryson

(805) 777-4763

The Specialty Leader Since 1925

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