Commercial

Key Takeaways: Seemingly minor changes in policy language can significantly alter how coverage responds for Construction risks, particularly when embedded within broader endorsements.  Common exclusions and limitations—including Action Over, subsidence, and hot work provisions—can create gaps that may not be immediately apparent during placement.  Aligning policy language with contractor operations and contractual obligations is essential to helping reduce unexpected coverage gaps and claim disputes.  [button link=\"https://issuu.com/docs/f0637d3760be370e8b4a3620bbbbd7a0?fr=sN2E2MjkyMjc3ODc\"…

Inside This Article:  Construction defect lawsuits are creating growing financial pressure for some of the nation\'s largest homebuilders, according to a recent Wall Street Journal report.  Labor shortages, rising costs, and accelerated construction schedules may contribute to defect-related risks.  Construction defect lawsuits often name contractors, architects, engineers, and other professionals, all of whom typically need to carry Commercial General Liability…

A Hot Work exclusion does not just affect coverage—it can signal important risk management requirements. In the clip below, Brittani Marrott, Manager, Commercial Insurance, Burns & Wilcox, Salt Lake City, Utah, explains how these exclusions encourage contractors to implement risk controls that can help prevent costly fire losses. https://vimeo.com/1202182375/0f725104f6?share=copy&fl=sv&fe=ci

A subsidence claim does not always require contractor negligence to become a coverage issue. In this clip from our recent Construction Insurance webinar, Alex Fifelski, Broker, Burns & Wilcox, Brokerage Division, Atlanta, Georgia, explains how subsidence exclusions can leave contractors exposed when earth movement contributes to a loss. https://vimeo.com/1202183081/3ca2a457b1?share=copy&fl=sv&fe=ci

One of the most dangerous construction coverage gaps can be hidden in the fine print. In this clip, David Gross, Vice President, Managing Director, Broker, Casualty, Burns & Wilcox, Brokerage Division, North Dallas, TX, highlights the risks behind Action Over claims and why a closer review of endorsements can help uncover issues before they turn into serious problems. https://vimeo.com/1202181526/43de2cc8ef?share=copy&fl=sv&fe=ci

Scenario 1:  A coastal community is hit by a hurricane, leaving many homes and businesses with extensive wind damage and flooding. RELATED STATS: Hurricane impacts can range from minor wind damage on a roof to a total loss, especially in cases of catastrophic flooding. U.S. homeowners collectively spend approximately $20 billion per year repairing their homes after storms. SOLUTION: Homeowners…

Inside This Article:  A proposed class-action lawsuit alleges a popular tomato brand misled consumers about the authenticity of its San Marzano tomatoes.  While the brand has called the claims meritless, even unproven allegations can lead to significant legal expenses and reputational damage.  Commercial General Liability (CGL) Insurance can help cover expenses associated with advertising-related lawsuits, while Excess Liability Insurance can provide additional protection.  Companies…

Seemingly minor changes in policy language can create significant coverage gaps for Construction risks.  In this webinar, Burns & Wilcox experts discuss key terms, conditions, and exclusions that can influence underwriting decisions and claim outcomes, including action-over, subcontractor exclusions, hot work operations, subsidence exposures, residential limitations, and work height restrictions.  Featured experts:   David Gross, Vice President, Managing Director, Broker, Casualty, Burns &…