Jean-Paul Rudd | Adams & Adams Claims-made policies often require that policyholders notify their insurer promptly or as soon as practicably possible after an incident that may give rise to a claim. This requirement exists primarily to allow insurers to investigate potential claims while evidence is still fresh. Prompt notice helps ensure that key details… Continue reading Ticking Coverage Bomb: The Cost Of Delayed Notice In Claims-Made Policies
Category: Insurance
Builder’s Risk: Complexities in Insuring Existing Structures
Jonathan Held | J.S. Held Introduction Property insurance for projects under construction can be significantly complex. Insuring renovation projects under a builder’s risk policy will often require more care in crafting a policy that provides adequate protection. This paper is intended to highlight the myriad complexities of insuring a renovation project under a builder’s risk… Continue reading Builder’s Risk: Complexities in Insuring Existing Structures
Are You Really Covered as an Additional Insured?
Ryan Gibbons, Akiva Gottlieb, Andrew Jagoda, Philip Nemecek and Scott Vetri | Katten Muchin Rosenman For your next construction project in New York, securing commercial general liability coverage as an additional insured may not be as simple as it would appear. Recent court rulings have interpreted the terms of insurance policies, where additional insured parties… Continue reading Are You Really Covered as an Additional Insured?
..More on Delay Claims and the Burden of Proof Substantiating Delay
David Adelstein | Florida Construction Legal Updates How about some more on DELAY claims and the burden of proof substantiating delay. Delay claims can no doubt be complex – factually and legally. They warrant expert opinions further bolstered by fact witness testimony from the folks that lived the details and issues. If you need assistance with a… Continue reading ..More on Delay Claims and the Burden of Proof Substantiating Delay
Emerging Issues in Construction CGL Insurance Part 1: Continuing or Progressive Loss Exclusions
Eric M. Clarkson | Saxe Doernberger & Vita The risks and losses associated with construction operations and property development push many insurance concepts to their limits. As a result, the construction industry has long been at the forefront of many complex insurance coverage issues and both drives but also depends on market standards to assess… Continue reading Emerging Issues in Construction CGL Insurance Part 1: Continuing or Progressive Loss Exclusions