News & Analysis as of

Construction Industry Builders Risk Insurance

Phelps Dunbar

New Florida Law May Spur Changes in Builder Insurance and Liability

Phelps Dunbar on

Starting July 1, Florida law will require builders of newly constructed homes to provide a mandatory 1-year warranty against material construction defects. The new statute, Section 553.837, Florida Statutes, establishes...more

Weber Gallagher Simpson Stapleton Fires &...

Hard Costs vs. Soft Costs in Builder’s Risk Insurance Policies: A Legal and Practical Guide for Insurance Professionals

Builder’s risk insurance is a cornerstone of effective risk management in the construction industry. It offers protection against a variety of physical and financial risks that can impede the successful and timely completion...more

Conn Kavanaugh

Insurance Considerations for Construction Projects

Conn Kavanaugh on

“Acme General Contracting, LLC: Licensed and insured!” If you’ve ever retained a home-improvement contractor, you’ve almost certainly received enthusiastic assurances that he or she is “licensed and insured.” But what...more

J.S. Held

Builder’s Risk: Complexities in Insuring Existing Structures

J.S. Held on

Property insurance for projects under construction can be significantly complex. Insuring renovation projects under a builder’s risk policy will often require more care in crafting a policy that provides adequate protection....more

Goldberg Segalla

[Webinar] Builder’s Risk Claims Challenges - July 25th, 12:00 pm - 1:00 pm EDT

Goldberg Segalla on

Join Partner Larry Mason as he lays a foundation for addressing builder’s risk claim challenges through an exploration of common losses, an overview of the available insurance coverage, an examination of delay damages, and a...more

J.S. Held

Strategic Management of Builder’s Risk Claims in Infrastructure Projects: A Comprehensive Guide

J.S. Held on

This article is a tool for stakeholders involved in infrastructure projects. It conveys knowledge about the complexities of builder's risk claims, offering insights into risk management strategies, good practices, and the...more

J.S. Held

Middle Market Builder’s Risk: A Recipe for Success

J.S. Held on

Perfecting the Formula for Builder’s Risk Claims Management- A builder’s risk (BR) claim is a type of insurance claim that arises during construction. A BR insurance policy is meant to protect property and construction...more

J.S. Held

Builder's Risk - Measuring Delay

J.S. Held on

Measuring delay from a loss under a builder’s risk insurance policy is perhaps the most complicated of all time element measures in the claims world. Setting aside the numerous complex issues of coverage, builders risk time...more

Zelle  LLP

What To Expect In Builder's Risk Insurance Claims In 2023

Zelle LLP on

With interest rates on the rise, sticky inflation, few signs of a cooling labor market, and continued instability in Russia, China and beyond affecting energy prices and exports, the builder's risk insurance industry is in...more

Bradley Arant Boult Cummings LLP

Wyoming Supreme Court Allows Insured to Seek Bad Faith Damages - Construction and Procurement Law News, Q3 2021

In May of this year, the Supreme Court of Wyoming held that a subsidiary of Sinclair Oil could invoke statutory bad faith damages after prevailing in a coverage dispute with its insurer, Infrassure. The court rejected the...more

Buckingham, Doolittle & Burroughs, LLC

Dear YouDig? The Abominable Ate My Project – Builder’s Risk Insurance

Dear YouDig? We are thrilled to be adding a four story children’s wing to our hospital. Construction was progressing well and near completion. Last week a blizzard with sub-zero temperatures blew through. When we returned...more

Farella Braun + Martel LLP

Coronavirus and Construction Contracts: Who Bears The Risk?

In view of the current coronavirus epidemic, what are the implications of material supply chain disruptions and labor unavailability resulting from the epidemic under typical building construction contracts?  Although the...more

Cohen Seglias Pallas Greenhall & Furman PC

[Webinar] What to Do When Your Insurance Carrier Says No: How to Protect Yourself From Coverage Denials - March 5th, 12:00 pm ET

You expect your insurance carrier to provide coverage when a claim is made against your company. However, coverage denials frequently occur and take companies by surprise. In this webinar, Jonathan Cass will discuss how to...more

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