The inland marine coverage involved, called Builders Risk insurance, protects property value as its moves from breaking ground to completion. The policy generally covers the building under construction, building materials (either in transit or in storage) and certain loss of rent.

It also protects the profit the contractor has earned as of the date of loss. It extends to additional costs associated with re-building, including increases associated with new ordinances or laws.

Quote Marine enables agents to submit an application by completing as few as five concise screens. While the client waits, agents can test the effect of different deductibles and other options on premium. If the account meets online underwriting guidelines, it can be bound and the sale completed before the client hangs up the phone or leaves the agent's office.

Quote Marine, Builders Risk capability applies to new construction projects with up to $15 million in completed value. Wood frame construction projects are not eligible. An application that does not meet online underwriting guidelines is automatically sent to a marine underwriter for consideration and will receive a response within two business days.

The Hartford said it plans to add more Marine products in the future.

Only agents registered to use the company's Electronic Business Center have access to the product. More information is available by contacting a Hartford representative or calling (877) 322-4833.