What is Principal Supplied Materials | Insurance glossary by upcover

This cover protects building materials or equipment supplied by the principal (client) while in the contractor's possession or use. For instance, if a client provides fixtures that are stolen or damaged before installation, the policy covers their value. Why it matters: It prevents disputes between clients and tradies about who bears the loss of supplied materials.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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