Jeffrey Cavignac | Construction Executive Direct damage to property under construction caused by faulty or defective work or defective materials has been a coverage issue for decades. Two specific policies, the Commercial General Liability for the contractors building the structure and the Builders Risk Policy on the project both are sources of potential coverage. A… Continue reading CGL, Builders Risk Coverage and Exclusions When Construction Defects Cause Property Damage
Tag: Builders Risk Coverage
Are COVID-19 Claims Covered by Builders Risk Insurance Policies?
Cheryl L. Kozdrey | Saxe Doernberger & Vita and Jason M. Adams | Gibbs Giden Locher Turner Senet & Wittbrodt If you are an attorney, insurance broker, or other professional representing developers and contractors, then your clients have likely reached out with concerns about losses related to COVID-19. One common question is whether there is… Continue reading Are COVID-19 Claims Covered by Builders Risk Insurance Policies?
Builder’s Risk Coverage – Construction Defects
Brian Hearst | Construction Executive | June 15, 2019 COVERAGE FOR LOSS ENSUING FROM FAULTY WORKMANSHIP Part I tackled the standard builder’s risk exclusion that applies to losses arising from faulty materials or workmanship. Traditionally, carriers do not have an appetite for covering a contractor’s failure to perform their work properly. There is one exception,… Continue reading Builder’s Risk Coverage – Construction Defects
Builder’s Risk Coverage—Language Matters
Brian Hearst | Construction Executive | June 3, 2019 FAULTY DESIGN, MATERIALS AND WORKMANSHIP Universally, nearly all builder’s risk policies include exclusions for faulty design, materials and workmanship. This exclusion is often tempered by an ensuing loss exception, which essentially states that if the loss is caused by an otherwise insured peril, the resultant loss… Continue reading Builder’s Risk Coverage—Language Matters