Anastas Shkurti | Robbins DiMonte Ltd An owner who embarks on a construction project should always request additional insured status on the general contractor’s and subcontractors’ commercial general liability (CGL) policies. It is not enough for the owner to verify that the contractor is licensed and has insurance. As an additional insured (or AI), the… Continue reading Owners as Additional Insured in Construction Contracts
Category: Commercial General Liability Policy
Proposed Bill Would Require All Commercial Liability Insurance Policies Issued In New Jersey To Specify Coverage For “Faulty Workmanship”
John S. Prisco | Stark & Stark Assemblyman Gary S. Schaer of New Jersey’s 36th District introduced a proposed bill, A.B. 1075, that would require all commercial liability insurance policies issued in New Jersey to include “faulty workmanship” within the definition of “occurrence.” The proposed bill “provides that a commercial liability insurance policy shall not be… Continue reading Proposed Bill Would Require All Commercial Liability Insurance Policies Issued In New Jersey To Specify Coverage For “Faulty Workmanship”
Exclusions In Construction Insurance Policies
Jeff G. Coyner | The Green Law Group Construction general liability policies are expensive in today’s market. In response to this, insurance underwriters have attempted to make policies less expensive. Insurance companies do this by adding exclusions to policies which limit the instances where a carrier may have to pay. How exclusions make insurance less… Continue reading Exclusions In Construction Insurance Policies
Nevada Supreme Court Rules Insured Must Prove Coverage Owed in Construction Defect Litigation
Jim Sams | Claims Journal At least 14 construction defect lawsuits have been filed against developers and subcontractors that built thousands of Nevada homes. Two insurers issued commercial liability policies to cover such claims, but they didn’t agree on whether a prior-damage clause in one of the policies excluded coverage. Two U.S. District Court judges… Continue reading Nevada Supreme Court Rules Insured Must Prove Coverage Owed in Construction Defect Litigation
Mind the Gap: Coverage Gaps Created by Commercial General Liability Policies
Kelsey Dilday | Barnes & Thornburg One of the most important things a business owner can do to protect their business is to purchase insurance. If you are new to the realm of insurance – or are simply relying on common sense – you may believe that the best policy to protect your business is… Continue reading Mind the Gap: Coverage Gaps Created by Commercial General Liability Policies