Don’t Be Caught Unprotected / Does Your Insurance Program Cover all the Insurance Requirements in the Contracts You’re Signing?-Dont Get Caught Unprotected AssuredPartners Webinar Handout

Dont Get Caught Unprotected AssuredPartners Webinar Handout

Pdf Summary

This document provides information on insurance requirements for construction contracts. The first section discusses indemnification, highlighting the need to review contracts for indemnification language outside the scope of liability insurance. The second section covers workers' compensation and employers' liability, including statutory limits and waivers of subrogation.<br /><br />The third section focuses on general liability insurance. It outlines typical limits and additional insured coverage for ongoing and completed operations, among other factors. The fourth section explores business auto liability, including coverage limits, additional insured coverage, and waivers of subrogation.<br /><br />The fifth section discusses umbrella/excess liability insurance, including typical limits, additional insured coverage, primary/non-contributory status, and waivers of subrogation. The sixth section covers professional liability/errors and omissions insurance, including typical limits, claims-made coverage, and rectification/faulty work coverage. The seventh section addresses pollution liability insurance, including limits, reporting periods, additional insured coverage, primary/non-contributory status, and waivers of subrogation.<br /><br />The eighth section briefly mentions property coverage, including coverage for stored materials and builder's risk coverage. The ninth section outlines other requirements, such as maintaining coverage for three years after completion of work and providing notice of cancellation and material change.<br /><br />Finally, the document ends with a section for questions.

Keywords

insurance requirements

construction contracts

indemnification

liability insurance

workers' compensation

employers' liability

coverage limits

waivers of subrogation

general liability insurance

business auto liability