Builder'S Risk Insurance

  • QUICK NOTE: IMPORTANCE OF EQUIPMENT FLOATER INSURANCE

    … A recent case out of New York held that damage to a tower crane from a storm during construction is excluded from a builder’s risk policy because a tower crane is a machine that fits within the contractor’s tools exclusion, a common exclusion in builder’s risk policies. (Check out this article for a discussion on this case.) This case…

    Florida Construction Legal Updates- 11 readers -
  • ENSUING LOSS EXCEPTION IN PROPERTY INSURANCE POLICIES

    … Property insurance policies such as builder’s risk policies contain a design defect / faulty workmanship exclusion (as well as other exclusions for excluded risks or perils). But, certain exclusions such as the design defect / faulty workmanship exclusion may contain what is referred to as the “ensuing loss exception.” Stated differently…

    Florida Construction Legal Updates- 18 readers -