Demolition and crane work are among the highest-hazard construction activities, and many markets decline them outright. Owner’s Interest coverage can accommodate these projects when proper contractor controls are in place — making it a practical option for owners whose builds involve heavy or complex work.
What’s in appetite
Tower cranes, structural demolition, and complex logistics can all be considered, with verification of general-contractor and crane-operator insurance and evidence of appropriate safety controls. Demolition-only projects already in progress can also be eligible. Certain characteristics — for example, crane work in dense metropolitan, high-hazard locations — may require an underwriting referral, which your broker can walk through.
As with all coverage, terms are governed solely by the terms of the issued policy, and eligibility depends on the specifics of the project.