Identify the insured property
List buildings, tools, spare parts, office equipment and materials for installation. Clarify ownership and responsibility for customer property. Property held at a temporary jobsite may be treated differently from property at a scheduled premises, so review the location and off-premises provisions.
Address installation stages
Ask when coverage begins and ends for materials in transit, storage, installation and testing. Distinguish installation coverage from builders risk and contractors equipment. Contract acceptance, partial occupancy or commissioning may affect which party is expected to insure the work at a particular stage.
Evaluate values and interruption
Review valuation, deductibles, limits, coinsurance where applicable and relevant causes-of-loss restrictions. Business income and extra expense require attention to the insured premises and triggering event. A contractor’s policy should not be represented as replacing the mine operator’s own property program.
Illustrative review scenario
A contractor stores installation materials at a temporary yard before moving them to a mine. The customer assumes the contractor insures them until final acceptance, while the contractor has only reviewed its permanent premises coverage. Trace the property through storage, transit, installation and testing. Identify the intended policy and limits for each stage and resolve responsibility before delivery. Who bears the risk for materials after delivery but before installation acceptance? Use the contract and policy together to identify the intended coverage period and any testing or commissioning conditions.