constitutes an occurrence or property damage. Whether property damage has occurred during the policy period is cited as the primary issue in construction defect coverage cases. The article suggests the use of the standard commercial general liability (CGL) policy in analyzing whether the defect claim...
With a construction insurance claim, “insurers conduct due diligence to determine that there is coverage under the policy for the loss and to quantify the amount to be paid out,” says Anderson. “The amount paid is net of any applicable deductibles and other coinsurance provisions of the pol...
construction industry. It discusses exclusions for construction defects in existing commercial general liability (CGL) policies, history and structure of decennial liabilit... EC Josephs - 《Construction Lawyer》 被引量: 0发表: 2014年 Stempel and Knutsen on Insurance Coverage, Fourth Edition Unlike ...
What are the main types of business insurance manufacturers need? What insurance covers manufacturing defects? Through our understanding of all aspects of manufacturing as well as our global network of experts, we are able to answer these questions and deliver truly comprehensive risk management. ...
Roman Catho- lic Archdiocese of San Diego — Supreme Court of California addressed the sometimes Al Capone's vault of coverage issues — discovery of reinsurance information. Lamar Homes, Inc. v. Mid-Continent Casualty Company — Texas Supreme Court addressed cover- age for construction defects ...
Lockton is pleased to present this paper on Inherent Defects Insurance (IDI), also known as Latent Defects Insurance (LDI) – an alternative “first party” project-based insurance model covering structural defects in buildings and other structures post construction completion. ...
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Inherent defects insurance for construction project is internationally accepted method of risk manage ment.The problem of adverse selection should be solved if we want to develop it sustainably.The causes and harms of adverse selection are analyzed based on asymmetric information theory.Then a series ...
Commercial General Liability policies have several typical exclusions, including the work product exclusion, which excludes coverage offered to construction companies for property damage to the insured’s products or for work performed on behalf of the insured. Another common uniform exclusion is for poll...
Latent defects insurance can benefit various parties depending on the type of build and its stage in the construction process. The ultimate beneficiaries are usually the owner and/or occupier, although they might not be the ones purchasing the insurance. Here are a few examples: ...