Seminar: Construction Builder's Risk and CGL Insurance: Scope of Coverage, Covered Losses, Exclusions, AI Endorsements

Construction Builder's Risk and CGL Insurance: Scope of Coverage, Covered Losses, Exclusions, AI Endorsements

Please join Querrey & Harrow Shareholder Bruce Schoumacher at a live webinar Construction Builder's Risk and CGL Insurance: Scope of Coverage, Covered Losses, Exclusions, AI Endorsements. Details follow:

View as web page.

Strafford Live CLE Webinars

Please join us for this live webinar:

Construction Builder's Risk and CGL Insurance: Scope of Coverage, Covered Losses, Exclusions, AI Endorsements

A live CLE webinar on Thursday, February 8 @ 1:00pm EST

JOIN US FEBRUARY 8

Can't attend the live program?  Reserve a recording* >

Construction projects are always at risk for economic losses from unanticipated property damage, additional soft costs and revenue loss that result in unbudgeted costs that can threaten project completion. Builder’s risk coverage is a key risk mitigation measure for building contractors and developers.

The starting point for the scope of builder’s risk coverage is the requirements set forth in the contract documents. Coverage disputes often involve the insurance rights, tort liability and contractual obligations of the owner, general contractor, subcontractors and design professionals. Coverage issues that counsel to builders and developers must consider who is covered, what is covered, and when/how coverage applies. Because builders risk policies are not standardized, coverage varies dramatically between insurers. Coverage disputes often arise over the types of costs recoverable and the coverage exclusions and exceptions.

Counsel often must also navigate the interplay between builder’s risk policies and CGL policies. Frequently disputed and litigated issues under CGL policies include the various policy exclusions such as those which apply to damage to the project.

Bruce H. Schoumacher, Shareholder at Querrey & Harrow and Steven A. Coombs, Principal at Risk Resources, will provide counsel for construction contractors and developers with an analysis of evolving coverage issues in builder’s risk and CGL insurance for construction projects. The panel will discuss how these policies work to mitigate developer and contractor risks, the use of additional insured endorsements, problematic coverage issues, and potential pitfalls for the unwary.

The panel will review these and other key issues:

  • What types of perils are covered in a typical builder’s risk policy?
  • What are the common exclusions and exceptions in builder’s risk policies?
  • What types of occurrences are covered in most CGL policies?
  • What common exclusions and exceptions are in CGL policies?
  • What is the difference between “additional named insured” and “additional insured”?

For more information or to register  >

or call 1-800-926-7926 (ask for Builder's Risk and CGL Insurance for Construction on 2/8/18 and mention code: 8L1R51-B9NLAZ)

Sincerely,

Jennifer Brown
Program Attorney, Vice President

*Many states grant self-study CLE credits for recorded events. Refer to our state CLE map for information about your state.

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