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OVERLOOKED AND UNDERINSURED

Rough Notes

Navigating gaps between faulty workmanship and contractors professional liability By Natalie Sherod, CPCU, CRM, CIC Faulty workmanship and contractors professional liability (CPrL) exposures continue to challenge construction firms and insurance advisors alike. CGL policies exclude damage […]

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Landlord Insurance: Costs and Coverages in the City

Distinguished

who need proper landlord insurance to protect the value of their real estate investment. Landlord insurance is a policy designed to protect unit owners from the risks of renting out their properties. Sewer and drain backup : Water damage caused by backups. Renters accounted for 34.4% of households in the U.S.

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Blog Post: April Fool’s-Proof Coverage: Manage Construction Risks Through Commercial General Liability Insurance

LexisNexis

Read now » Related Content Builders Risk Insurance and Its Use in Construction Projects Discover the unusual characteristics of builders risk insurance and how features of the coverage differentiate it from other commercial policies that can afford some, but not identical, protection to the policyholder.

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Blog Post: Construction Defect Litigation: Key Insurance Issues

LexisNexis

Learn about discovery and coverage issues and cases involving damages to construction projects and the ways to prove who was at fault. Read now » Related Content Design and Construction Defect Claims: Overview and Defense Strategies Discover the basics of a defect claim against a designer or contractor.

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Blog Post: Construction Defect Litigation: Key Insurance Issues

LexisNexis

Learn about discovery and coverage issues and cases involving damages to construction projects and the ways to prove who was at fault. Read now » Related Content Design and Construction Defect Claims: Overview and Defense Strategies Discover the basics of a defect claim against a designer or contractor.

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Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

This isn’t the first time the act – which would protect banks from federal penalties for doing business with cannabis-related businesses that comply with state laws – has made it through the House. It was first introduced in March 2019, and the House has approved it three times, only to have the Senate Banking Committee block its progress.

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Blog Post: State-by-State Analysis: General Liability Insurance Coverage Exclusions for Faulty Workmanship

LexisNexis

This survey covers state law on the issue of faulty workmanship as an occurrence for purposes of coverage determination under a commercial general liability (CGL) policy. Generally, an insured's work product is not covered, but defective workmanship that causes property damage is covered.