Installation Floaters 101-Installation Floaters 101

Video Transcription

Video Summary

The webinar titled "Installation Floaters 101" provided by Lauren Harrison covers important insights into the world of installation floaters and builder's risk coverages. Lauren, an Inland Marine Underwriting Specialist, shared valuable information about key concepts such as similarities and differences between installation and builder's risk coverages, riggers liability, and the importance of understanding contracts in determining primary coverage. She highlighted the need for underwriters to assess the contractor's experience, loss history, and site security in determining coverage. The presentation also touched on common loss scenarios, rating approaches based on value or revenue, and the nuances of riggers liability coverage. Overall, the webinar emphasized the importance of proper underwriting and effective risk assessment in the Inland Marine insurance sector.

Asset Caption

Date of Publication: May 19, 2015
Duration: 52-minutes

The underwriting of installation floaters involves many of the same considerations entailed in builders risk underwriting. Learn the key coverage differences and when either form should be applied.

Meta Tag

Module Builders Risk, Installation & Rigging

Keywords

Installation Floaters 101

Lauren Harrison

Inland Marine Underwriting Specialist

installation floaters

builder's risk coverages

riggers liability

contracts

underwriters

risk assessment