Exceptions to when Builders Risk coverage usually stops.
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1) When the building is used for other construction work to satisfy the
contract;
2) When the building is occupied for office or residential purposes before
construction is complete.
The responsibility owed to property owners by common carriers.
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The safe delivery of goods entrusted to them.
, "Ordinary care."
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The legal duty imposed on bailees that requires them to take the same care
of goods of others as would be taken by a prudent and diligent owner of
such goods.
Reasons why owners of property might not rely on carrier's insurance.
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It may...
1) Not have adequate amounts of insurance;
2) Not be broad enough in perils insured against;
3) Have been invalidated because of a breach of condition(s);
4) Have been lapsed or cancelled.
Examples of businesses that have a bailee's exposure.
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- Drycleaners
- Garages
- Jewellers
- Furriers
- Trucking firms
- Couriers.
Give this one a try later!
1) When the building is used for other construction work to satisfy the
contract;
2) When the building is occupied for office or residential purposes before
construction is complete.
The responsibility owed to property owners by common carriers.
Give this one a try later!
The safe delivery of goods entrusted to them.
, "Ordinary care."
Give this one a try later!
The legal duty imposed on bailees that requires them to take the same care
of goods of others as would be taken by a prudent and diligent owner of
such goods.
Reasons why owners of property might not rely on carrier's insurance.
Give this one a try later!
It may...
1) Not have adequate amounts of insurance;
2) Not be broad enough in perils insured against;
3) Have been invalidated because of a breach of condition(s);
4) Have been lapsed or cancelled.
Examples of businesses that have a bailee's exposure.
Give this one a try later!
- Drycleaners
- Garages
- Jewellers
- Furriers
- Trucking firms
- Couriers.
