Builder's risk is typically used for new construction of significant additions.  It insures the construction site, prior to it's inclusion in your property insurance.  There is sometimes, but not always, provisions for underinsured contractors and subs, and provides for onsite material damage or catastrophic loss while construction is underway.

Don't be confused by the terms "marine" or "inland marine" on your current property insurance.  They don't refer to land or water based.  It could be that your current property insurer doesn't provide a builder's risk policy.  Some larger companies such as Wausau will provide both types of insurance.  That can be beneficial if you are constructing an addition.

Your agent should be able to advise you and find a company that will provide a builder's risk policy.  They can be fairly pricey.  Your agent can also check the costs and feasibility for insuring the property with liability and property (inland marine) policies that would cover "renovations".

I would think your largest exposure comes from having volunteers work on the site and you want to make sure there isn't an exclusionary clause in you liability policy.

State OSHA regulations can also be a nightmare and you would be responsible for making sure that all volunteers have proper training for the tools they are using and the regulations they need to follow.

Talk to your agent if you trust them, and it's also wise to get more than one quote.

Feel free to contact me off list if you'd like any construction "horror stories."


Dane F. Pollei
Director
Mabee-Gerrer Museum of Art
1900 W. MacArthur Dr.
Shawnee, OK  74804

direct office:  405-878-5622

phone: 405-878-5300
fax:   405-878-5133

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www.mgmoa.org

---------- Original Message ----------------------------------
From:         Bonnie Loshbaugh <[log in to unmask]>
Reply-To:     Museum discussion list <[log in to unmask]>
Date:          Wed, 27 Feb 2008 16:58:03 -0500

>Hey Folks,
>
>Over here at The Center for Wooden Boats in Seattle we are about to open a 
>second campus, a former beachside resort which is now becoming a 
>Washington State Park. We will be restoring several of the resort cabins with 
>mainly volunteer labor. For our insurance, we need to have worker’s comp 
>coverage for volunteers as well as for employees, and ‘Builder’s Risk Insurance’ 
>for the project in general. Our current insurance is marine based, and they 
>aren’t interested in backing a land-based program.
>
>If anyone has worked with insurance to cover this sort of thing, we’d really 
>appreciate any advice, or names of insurance companies, etc.
>
>Below find our work-list of the activities we need to cover.
>
>Bonnie Loshbaugh
>Volunteer Coordinator
>The Center for Wooden Boats
>www.cwb.org
>[log in to unmask]
>(206)382-2628
>
>SHOP
>- Paint the outside
>- Reinstall the window frames and re-trim them
>- Repair the siding
>- Setting the sink
>- Electrical contractor - put in the plugs and lights
>- Plumbing contractor - bring water and sewer line up to put in utility sink and 
>eyewash station; hose bib
>- Building interpretive displays, workbenches, bookshelves 
> 
>BOATHOUSE
>- Rehang the doors
>- Reinstall the little 2' square windows
>- Paint the outside of the building
>- Restore the original boat racks and skids
>- Electrical contractor - add plugs, add lights
>- Plumbing contractor - hose bid, sink and eyewash station
>- Building interpretive displays, workbenches, bookshelves 
> 
>BOATMAN'S CABIN
>- Repair siding- 
>- Repaint the outside
>- Reinstall the windows
>- Rebuild the kitchen to match what was historically there (counter and 
>shelves)
>- Plumbing contractor - will plump the bathroom, install the shower, sink and 
>toilet; also hose bib
>- Electrical contractor: connect 2 heathers; add lights and plug ins
>- We'll take the sink off and get it refinished
>- Inside we will rub down the existing wood and put on an oil finish
>- Restain and repaint the floor to match original
>- Building interpretive displays, workbenches, bookshelves 
> 
>FIRETRUCK GARAGE
>- Repair siding 
>- Re-hang the doors
>- Repaint the outside
>- Plumbing Contractor: Rough in plumbing for utility sink and classroom sinks 
>and eyewash station
>- Electrical Contractor. putting in plugs and the heaters and lights
>- Insulate the building and put sheetrock on the walls
>- Build a little back-porch
>- Building interpretive displays, workbenches, bookshelves 
> 
>INSTRUCTOR CABINS
>- Plumbing and electrical is all done; the windows are installed and the doors 
>are hung
>- Refinish all the wood inside with our oil finish
>- Paint the floors
>- Trim repair here and there
>- Paint the outside
>
>=========================================================
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>
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Important Subscriber Information:

The Museum-L FAQ file is located at http://www.finalchapter.com/museum-l-faq/ . You may obtain detailed information about the listserv commands by sending a one line e-mail message to [log in to unmask] . The body of the message should read "help" (without the quotes).

If you decide to leave Museum-L, please send a one line e-mail message to [log in to unmask] . The body of the message should read "Signoff Museum-L" (without the quotes).