In a completed operations scenario, what does the policy cover?

In a completed operations scenario, the policy is designed to provide coverage for injuries or damages that occur as a result of a business's completed work. This means that if a product or service provided by the business has been completed and an issue arises—such as bodily injury or property damage—that is directly linked to that completed work, the policy would cover those claims. The idea is to protect businesses against claims that may arise after a job has been finished, ensuring that they are not held financially liable for such occurrences.

This coverage is particularly important for contractors and service providers who may be held liable for damages long after their work has been done. For instance, if a construction company finishes a building and later a structural fault leads to injuries or property damage, the completed operations coverage would step in to address these claims.

The other options, such as legal fees for ongoing projects and costs associated with currently scheduled jobs, do not fall under the completed operations coverage since they pertain to work that is still in progress, rather than work that has been completed. Similarly, operational losses during construction would not be covered, as this type of policy focuses solely on the aftermath of completed projects rather than ongoing construction activities.