As the name indicates, an Owner’s Interest Liability insurance policy protects the owner’s interest as a property owner. Although much of this risk lies with contractors, project owners could also face considerable liability related to actions performed by independent contractors, both during and after the construction phase of a project. It’s a mistake to conclude the owner has no potential for liability.

This policy is also used to cover any liability the property owner might have to take on in excess of what the general contractor or construction managers' policy will cover.