Common use of Builder's Risk Coverage Clause in Contracts

Builder's Risk Coverage. In the event that damage or loss to the work is covered by any Builder’s Risk or similar Property coverage on the Project, the Subcontractor shall be responsible for the payment of the entire deductible for any losses caused in whole or in party by the Subcontractor’s acts or omissions, or the acts or omissions of anyone working on its behalf. Should the loss be due to a cause other than a negligent act or omission of the Subcontractor, the Subcontractor shall be responsible for a pro-rata portion of the deductible, calculated based on the proportion the loss sustained by the Subcontractor bears to the total of all claims being made under the Builder’s Risk policy for that occurrence.

Builder's Risk Coverage. In the event that damage or loss to the work is covered by any Builder’s Risk or similar Property coverage on the Project, the Subcontractor shall be responsible for the payment of the entire deductible for any losses caused in whole or in party part by the Subcontractor’s acts or omissions, or the acts or omissions of anyone working on its behalf. Should the loss be due to a cause other than a negligent act or omission of the Subcontractor, the Subcontractor shall be responsible for a pro-rata portion of the deductible, calculated based on the proportion the loss sustained by the Subcontractor bears to the total of all claims being made under the Builder’s Risk policy for that occurrence.