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 seeks property damage. The definition of ...
18.3 人身伤害和财产损害的保险 ( Insurance against Injury to Persons and Damage to Property ) ·投保方应为承包商履行合同引起的,且在履约证书颁发之前发生于任何物质财产的损失或损害,或发生于任何人员的死亡或身体伤害,办理每方责任险。 The insuring Party shall insure against each Party’s liability for ...
Latent defects insurance provides numerous benefits. It covers post-completion structural damage repairs without the need to establish fault or prove negligence, avoiding complex litigation. The policy can be transferred to future owners without limitations, reducing risk for property developers, funders, ...
Here are four common policies used in construction: General liability insurance provides financial protection against third-party claims of property damage or bodily injury that are caused by you or a subcontractor. Workers’ compensation insurance pays for a worker’s medical bills if they get ...
Construction insuranceis a category of insurance policies that can provide coverage for contractors, property owners, and projects under construction. Different types of policies are used to protect businesses and owners from specific risks or losses. ...
North Carolina Supreme Court Allows 2 Year Window for Child Sex Abuse Suits Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating Will Georgia Gov. Kemp’s Move to Curb Lawsuits Keep Insurance Rates From Rising? Property Insurer Mangrove Enters Sunshine State Market ...
Property in a home under construction Your renters insurance policy will contain coverage fortheft and vandalism, but the coverage will not apply if the theft or vandalism occurs in a home that’s under construction and unoccupied. Property in transit ...
When you are running a manufacturing business of any type, you run the risk of employee injuries, liability lawsuits, property damage and losses caused by equipment breakdowns and malfunctions. Fortunately, when you have a business insurance policy that is tailored specifically for the manufacturing...
What Are the Main Categories Covered Under a Homeowners Insurance Policy? A standard homeowners insurance policy will cover damage to the physical structure, damage or loss of personal property, liability in case someone sues for getting injured on your property, medical costs to the injured party,...
It is your legal right to insure any type of property orany event that may cause financial lossor create legalliabilityfor you. This is calledinsurable interest. Suppose you are living in your uncle's house, and you apply forhomeowners insurancebecause you believe that you may inherit the hou...