Description
Builders' risk policies are the workhorse of construction insurance but should never be the exclusive source of coverage. Often both builders' risk and CGL policies may cover a loss. Counsel should understand how and when each policy may offer greater benefits.
When the market for coverage contracts, "wrap-up" programs, including owner-controlled insurance programs (OCIPs) and contractor-controlled insurance programs (CCIPs), become common. Wrap-up programs are often customized and require counsel to be familiar with how the policies affect contractual indemnity provisions.
Exclusions are playing a greater role in resolving claims, with many applied arbitrarily and in unexpected ways. Counsel must be on guard to spot what may be overzealous claim denials.
Listen as the panel discusses important considerations for construction contracts and the steps the insured should take when they suspect a claim, as well as commonly litigated exclusions.
Presented By
Mr. Adelstein represents general contractors, subcontractors, design professionals, developers, associations, suppliers, sureties, and owners in a myriad of construction matters including, without limitation, construction/design defect claims, schedule-based claims (including inefficiency, lost productivity, and acceleration claims), bid protests, payment disputes, lien and bond claims, liability and property insurance issues, and a host of other issues that affect the construction industry. He prepares and negotiates construction contracts for clients utilizing AIA, EJCDC, and AGC industry form documents, as well as contracts that are not based on an industry form document.
Mr. Sherman is an experienced construction attorney with significant construction transactional, consulting, and litigation experience. In this capacity, he assists construction project owners, developers, general contractors, construction management firms, subcontractors, and material suppliers with real-time project consulting, drafting and negotiating all manner of construction agreements and forms, and with prosecuting and defending construction disputes. Mr. Sherman is a frequent lecturer on insurance law matters.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Tuesday, June 29, 2021
- schedule
1:00 p.m. ET./10:00 a.m. PT
- Types of insurance for construction projects
- Critical clauses for insurance programs
- Builders' risk vs. CGL coverage
- OCIP/CCIP
- Builders' risk and LEG 2/3 denials
- Cost-of-making-good
- Exclusions
- Maximizing coverage
The panel will review these and other critical issues:
- Builders' risk and CGL policies will cover what types of claims?
- Why are wrap-up programs increasing in popularity?
- What provisions should policyholders insist upon?
- What are the foreseeable trends in claim denials?
Related Courses
EPLI Coverage Disputes: Making and Resolving Claims; Current Litigation Trends
Thursday, November 20, 2025
1:00 p.m. ET./10:00 a.m. PT