Construction Builders Risk and CGL Insurance: Scope of Coverage, Covered Losses, Exclusions, AI Endorsements:
Mitigation Construction- Related Disputes; Key Challenges for Claims Under Builders Risk Vs CGL Coverage

Counsel to builders and developers must consider are who is covered, what property is covered, what limits and sublimits apply, 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, calculation of economic damages, and the coverage exclusions and exceptions.For liability disputes, CGL coverage must be adequately placed to cover construction risks during the course of construction as well as after. Typical issues include who is covered, the scope of coverage, and exclusions and conditions that apply.Counsel often must also navigate the interplay between builders risk policies, CGL policies, including wrap policies, and professional liability policies. These issues are influenced by the language of the policies and the parties’ contractual obligations to each other. Attention to the details is necessary to ensure coverage is triggered when necessary.Listen as our authoritative panel guides you through the characteristics of builders risk and CGL insurance policies and how these policies are used to mitigate developer and contractor risks.

Outline

  1. Builders risk policies
    1. Contractual requirements
    2. Scope of coverage
    3. Troublesome exclusions and conditions
    4. Common issues and practice pointers
  2. CGL policies
    1. Scope of coverage
    2. Exclusions and exceptions to exclusions
    3. Costs recoverable
  3. Wrap policies
  4. Additional insured endorsements
Strafford and HB Logos

On Demand CLE Webinar

A Strafford production specially selected for HB audiences.

Speakers

Michael V. Pepe
Partner
Saxe Doernberger & Vita

Patrick Wielinski
Principal
Cokinos| Young

Christopher Yetka
Shareholder
Larkin Hoffman Daly & Lindgren

Benefits

The panel will review these and other key issues:

  • What are the critical challenges for claims under builders risk vs. CGL policies?
  • What does a typical builders risk policy cover?
  • What are the standard exclusions and exceptions in builders risk policies?
  • What occurrences do most CGL policies cover?
  • What are the standard exclusions and exceptions in CGL policies?
  • Can a general contractor or developer rely upon additional insured coverage to cover its risk exposure?