Zurich has expanded its its Property Portfolio Protection (P3) for the construction industry.
P3, an alternative to ISO forms, offers Zurich’s rates and language that includes more than 36 additional coverage options. The policy helps improve coverage limits for construction companies for fixed property, contractor’s equipment, installation, rigger’s liability, boiler and machinery and crime.
P3 offers broader risk property coverages than a traditional ISO form. The form also includes a more extensive range of automatic coverages that requires far fewer endorsements. In addition, the policy uses simplified language that minimizes traditional insurance jargon, making it easier for customers to read and understand.
Source:
Topics Property Construction
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