QBE North America expands marine cover for construction

QBE North America said Tuesday it was launching the Solution for Builder's Risk for integrated marine property coverage for construction projects.

The product include capacity up to $250 million, QBE North America said in a statement. It also features standard and additional coverages for the insured's specific risk, including utility service interruption, inflation protection, business personal property, waterborne property and equipment breakdown coverage, including testing.

In addition, QBE offers coverage for time element coverage, including loss of business income, delay penalties and additional expenses incurred by the insured.

The policy will be written by the company's inland marine underwriters on a monoline basis through QBE-appointed producers in retail and wholesale distribution channels, QBE North America said.