Examples of Builders Risk in a sentence
Collier County shall procure and maintain Builders Risk Insurance on all construction projects where it is deemed necessary.
Builder's Risk insurance will be on a "special causes of loss" or equivalent policy form, covering risks of direct physical loss or damage to the Work and will include, without limitation, insurance against the perils of fire (with extended coverage), theft, vandalism, malicious mischief, collapse, flood, windstorm, testing and debris removal and will cover reasonable compensation the Contractor's services and expenses required as the result of such loss.
The Owner shall take out and maintain during the life of this Agreement a "Builder's Risk Policy" completed value form as a cost of the Project, issued to provide coverages on an "all risk" basis including theft.
The Golf Pro, where appropriate, shall also require waivers by all contractors or subcontractors hired by the Golf Pro against the City for damage caused by fire or other perils to the extent required by insurance provided under the Builder's Risk and property insurance.
Insurance - Builders Risk Insurance shall be maintained by the contractor during the course of construction until final acceptance by the owner.