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Gas Line Explosion, Two-Crane Accident Underscore Construction Perils

Gas Line Explosion, Two-Crane Accident Underscore Construction Perils

An October 7 construction site accident in Montgomery, Ohio triggered a gas line explosion that sent flames and smoke into the sky for hours and forced the evacuation of nearby buildings. A John R. Jurgensen Company construction truck reportedly backed over the gas line and struck a utility pole, igniting the blast and shaking the surrounding area. Thankfully, there were…

Construction Risk & COVID-19

Construction Risk & COVID-19

Presented by: Denis Brady, President, Burns & Wilcox Brokerage, Marc Adler, Managing Director, Burns & Wilcox Brokerage and David Gross, Managing Director, Burns & Wilcox Brokerage During this webinar we: Explored excess liability market conditions Understood environmental capacity and saturation Recognized the “new normal” created by COVID-19 https://vimeo.com/426395228/f36cea015f

Architectural Firm Pays School District $1.7 Million for Damage

Architectural Firm Pays School District $1.7 Million for Damage

Last month, KDA Architecture agreed to pay $1.7 million to settle a lawsuit filed by the Yakima School District in Washington over water and mold damage. The alleged design flaws were related to a nearly 750-foot blue wall, constructed of stainless-steel shingles and porcelain tiles that cut through the center of the high school campus. Shortly after completion of the…

Stars of HGTV’s Windy City Rehab Sued by Owners of $1.36 Million Renovated Home

Stars of HGTV’s Windy City Rehab Sued by Owners of $1.36 Million Renovated Home

The stars of HGTV’s Windy City Rehab are being sued by the buyers of a luxury home they renovated. The homeowners said their $1.36 million dream house became a nightmare, alleging the contractors are responsible for water leaking into the kitchen from an upstairs bathroom, a roof that was never replaced as promised, crumbling mortar and other major construction issues.…

Parties involved in $2.2 billion construction project face liability following disaster

Parties involved in $2.2 billion construction project face liability following disaster

The $2.2 billion Transbay Transit Center construction project in downtown San Francisco is under intense public scrutiny for cracked support beams that closed the centerpiece of city infrastructure just weeks after it opened. An investigation will determine if the cracks are related to fabrication, installation or design, and if one or more specific parties are at fault. The transit center,…

Crafting Coverage for Artisan Contractors

Crafting Coverage for Artisan Contractors

Home and commercial property remodeling in the U.S. generates $112 billion in revenue each year, showing an eight percent increase over the last five years. This increase illustrates a greater demand for skilled trade workers, which in turn gives rise to liability claims that can bring massive losses. Should an injury or property damage occur, artisan contractors can be held…

A Proactive Approach to Contractors Pollution Liability Insurance

A Proactive Approach to Contractors Pollution Liability Insurance

Contractors Pollution Liability Insurance comprises approximately 20-25 percent of environmental insurance purchased worldwide1. However, market penetration of those who need environmental insurance is only around 10 percent2, leaving 90 percent uninsured. Gina Jones, Vice President and Director, Environmental Programs, Burns & Wilcox, discusses the low level of penetration, saying “More than a billion dollars in uninsured claims for environmental exposures…

Experts Answer Builders Risk Coverage Questions

Experts Answer Builders Risk Coverage Questions

The construction industry continues to be a leader in the economy, accounting for more than one million jobs, $59.4 billion in wages, and $138.3 billion in economic activity in Canada.1 Property damage on a construction site can result in severe, unexpected costs that may delay the building process or halt it entirely. A properly-tailored Builder’s Risk policy can adequately protect…

Top 3: Commercial Insurance Articles

Top 3: Commercial Insurance Articles

Insurance Market Source highlights this month\'s top three commercial insurance articles on insurancemarketsource.com. 1. Safe Harbor As uncertainty roils marine markets, creative coverage strategies keep commercial shipping concerns buoyant. The commercial marine industry has been contending with rough waters for several years, and the waves keep getting higher, says Andrew Hills, Managing Director, Lochain Patrick Insurance Brokers, London, U.K, a subsidiary of H.W. Kaufman Financial Group.…

3 Key Concepts Brokers Should Consider When Insuring Artisan Contractors

3 Key Concepts Brokers Should Consider When Insuring Artisan Contractors

Consumers are projected to spend approximately $317 billion on home improvements this year.1 In addition, an increase of approximately 6.5% has been predicted for commercial construction in 2017.2 An increase in improvements, means a greater need for artisan contractors. An Artisan Contractor is one that is specific to a trade, for example a plumber, carpenter, painter, roofer, tree trimmer, water…

Navigating Oil and Gas Insurance Policies for Service Providers and Contractors

Navigating Oil and Gas Insurance Policies for Service Providers and Contractors

The oil and natural gas industry represents 65 percent of energy consumption, supporting 9.8 million jobs.1 While the employment stats are staggering, not all of those employees physically work with oil and gas. “In looking at potential clients in the oil and gas sector, service companies that support the industry giants are the place for brokers and agents to start,”…

What is the difference between Owners & Contractors Protective and CGL policies?

What is the difference between Owners & Contractors Protective and CGL policies?

Commercial construction is set to rise by 11% this year with office construction from technology and finance firms leading the upturn1. With this upswing comes questions. Accelerated construction projects leave business owners asking retail brokers, “What is the difference between Owners and Contractors Protective (OCP) and Commercial General Liability (CGL) policies?” OCP coverage is used when specialized contractors are brought…

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