Turnkey Insurance

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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 ?
Jeffrey Chesky, Founder and CEO of Insuritas, noted; "It has always been our goal to provide financial institutions with a turn-key insurance agency that they could own and would feature complete systems integration.
We're pleased the FiCom Network is providing a virtual turn-key insurance service to our credit union.
the nation's leading provider of turn-key insurance agency solutions for financial institutions, announced today that it has contracted to provide its insurance agency solution to DCU Financial, a part of the Digital Federal Credit Union, one of the 100 largest credit unions in the country.