Owners Interest- Liability (Builders Risk Lab)- Owner’s interest liability insurance provides general liability insurance for vicarious liability the owner can face during a construction. Protection will drop down the pay covered losses that are uncollectible under the general contractor’s own policy because the limits have been eroded or coverage otherwise cannot respond. The policy can be extended to provide completed operations coverage aligned with the statute of repose in
the applicable jurisdiction. Also, excess policies can be purchased in order to increase the amount of owner’s interest coverage.
