Turnkey Insurance

(redirected from Turn-Key Insurance)

Turnkey Insurance

An insurance policy providing coverage for a contractor or architect in the event that he/she does not perform his/her duties well and it results in harm to a client. That is, turnkey insurance covers negligence on the part of a contractor or architect. It is a type of errors and omissions insurance.
References in periodicals archive ?
Fairport Savings Bank recently enlisted Insuritas, the provider of turn-key insurance services for financial institutions, to provide a comprehensive suite of insurance products for the banking customers and the communities it serves.
We're pleased the FiCom Network is providing a virtual turn-key insurance service to our credit union.