Search results for: “Construction defect claims”

  • Structuring Construction Liability Coverage for Multifamily Developers

    A well-structured General Liability program can significantly improve cost efficiency, risk control, and long-term outcomes for multifamily developers. Developers are paying for all General Liability insurance tied to their projects, whether that cost is visible or hidden. Developers can rely on the general contractor (GC) and subcontractors to carry coverage and build it into their…

  • Client Advisory: Insurance Strategies For Renewable Energy Tax Credits

    Combining Tax Insurance and Business Interruption Insurance To Achieve Tax Credit Qualification and Quantification Certainty It’s hard to believe that more than a year has passed since the Inflation Reduction Act (IRA) was signed into law. The climate-related impacts of this sweeping legislation are certainly already being felt. Significant investments from a broader investor pool are…

  • California Wildfires and Liability Risks for Utility Contractors

    The recent devastation from the fires in Los Angeles, California, has spotlighted several issues – from risk mitigation and the adoption of stricter building codes to help minimize property loss to causation, negligence, and insurance. Among the issues being examined is the role of utility companies and wildfires. Lightning, arson, and utility lines are the…

  • Understand Your Coverages for Water Damage on a Property Policy

    When water from any source suddenly rises (or backs up) and causes property damage, you might understandably assume a property policy would automatically cover the resulting damage. In reality though, water damage is covered by property insurance policies in only five situations covered below. (A sixth cause of damage, water intrusion, is never covered by…