Description
Understand the basics of insurance policies available on construction projects, claims that may be covered, and common problems in making claims.
Claims for damage to property or persons often arise in connection with ongoing or completed construction projects. For many of these claims, parties maintain insurance that may potentially provide a source for coverage and recovery for those claims. This topic will address excess insurance policies, builders risk insurance, and errors and omissions (aka professional liability) policies for design professionals and typical exemptions. In a world that is constantly changing, this topic will address some of the latest developments in how federal and some state courts are interpreting insurance contracts. This content will help you understand the basics of insurance policies available on construction projects, the types of claims that may be covered, and common problems in identifying and making claims under those policies.
Date: 2024-07-25 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to define builders risk.
* You will be able to identify exclusions typically involved in construction claims.
* You will be able to recognize insurance issues.
* You will be able to discuss subrogation.