An issue in the area of insurance law that has been litigated frequently in recent years is whether construction defects are "occurrences" under Commercial General Liability ("CGL") insurance policies. The courts have been divided in deciding the issue and in their approaches to analyzing the ...
With over 30 years of experience, our professional indemnity team can offer cost-effective coverage for claims resulting from errors, omissions, or negligent advice. We also provide owner controlled insurance (OCIP), latent defects insurance, and pollution liability insurance to address specific needs....
Insurance and Risk Management in the Construction Industry: The Case for Decennial Liability Insurance The article focuses on decennial liability insurance in the U.S. construction industry. It discusses exclusions for construction defects in existing commercial general liability (CGL) policies, history an...
limitations of liability generally have express exclusions, including obligations to indemnify against third-party claims and fraud, gross negligence, and willful misconduct. Liability caps and exclusions can be sensitive areas for the parties, subject to corporate policies, and commonly require substantial...
Financial liability The most obvious and potentially damaging consequence of a breached contract is the monetary responsibility for correcting the problem. In some cases, this obligation can be more costly than the original work. For example, if substandard materials and poor workmanship by a contracto...
China Construction Bank (Asia) Corporation Limited (Insurance Intermediary License No: FA3132) (“the Bank”) is the appointed insurance agency of FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life") and China Taiping Life Insurance (Hong Kong...
10. LIMITATION OF LIABILITY.10.1. No Remote Damages. IN NO EVENT WILL THE CONSTRUCTCONNECT OR SUBSCRIBER BE LIABLE TO THE OTHER PARTY FOR ANY SPECIAL, INCIDENTAL, INDIRECT, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES (INCLUDING ANY DAMAGES FOR LOSS OF DATA, GOODWILL, BUSINESS INTERRUPTION OR ...
We can also offer plant hire insurance solutions including liability for loss of or damage to plant hired-in for re-hire, continuing hire charges and own-plant insurance solutions, loss of or damage to owned or loaned plant and loss of hire charges receivable. ...
Interior Minister Mario Fernandez said there had been some landslides but "in general the situation is pretty normal bearing in mind the quake's intensity." Strict construction codes in Chile limit damage to buildings. Chile rocked by 6.9-magnitude quake; no major damage reported "Policy exclusion...
Our national team of 22 partners and over 100 lawyers, are highly regarded specialists who advise on major infrastructure projects in Australia across energy and renewables, social infrastructure, transport, PPPs, developments and dispute resolution. ...