Construction Materials

Environmental liability

May cover cleanup costs and third-party claims when production or handling of materials contaminates land, air or water.

Can include pollution releases, remediation and cleanup, claims by third parties and defense of claims

Machinery breakdown

Typically pays repair and downtime costs when equipment used to make materials breaks down unexpectedly.

Can include mechanical faults, electrical faults, replacement or repair and lost earnings

Product liability

Often responds to claims when a building material proves defective after leaving the supplier and injures people or damages property.

Can include injury to people, damage to property and product defects

Cargo

Generally reimburses the owner for building materials damaged, lost or stolen in shipment, whether domestic or cross-border.

Can include transit loss or damage, all-risk or named-peril basis, cross-border shipments and delays and contaminated loads

Trade credit

Can replace sales revenue left unpaid by buyers who default, become insolvent or delay payment past agreed terms.

Can include unpaid customer invoices, buyer insolvency, prolonged default and political events

Product recall

May help pay the shipping, storage and replacement costs of recalling a building material that fails safety or regulatory requirements.

Can include cost of recall, business interruption, cost of replacements and crisis response

Warehouse

Often insures stored materials, the building and its equipment, with liability and lost-income coverage if operations stop.

Can include buildings and stock, general liability claims and business interruption

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.