Tag: builders risk

Supreme Court of Canada Broadly Interprets Exception to Faulty Workmanship ExclusionNov 07, 2016

In a recent policyholder-friendly decision, the Supreme Court of Canada found coverage under an exception to the faulty workmanship exclusion in an all-risk policy. The decision provided the insureds with millions to cover the cost of replacing the faulty work. In Ledcor Construction v. Northbridge Indemnity Insurance Co., a subcontractor was hired to complete exterior cleaning of a high-rise building’s windows toward the end of construction. The subcontractor used improper…

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Obtaining the Right Builders Risk Insurance CoverageFeb 24, 2016

Builders risk insurance is an important instrument of protection for any construction project. However, not all builders risk policies are the same – the limits and scope of coverage afforded can vary dramatically. Ensuring that effective coverage is in place requires an understanding of the risks of loss unique to the particular project. In the article Obtaining the Right Builders Risk Insurance Coverage, published by, David Jordan of SDV…

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Join us for a Builders Risk Coverage Webinar on November 18Nov 11, 2015

Please join SDV’s Michael Pepe and others for a webinar on Builders Risk Coverage: Navigating Hard and Soft Costs, Delay in Opening Expenses and Construction Delay Measurement. This live presentation will run from 1:00 p.m. to 2:30 p.m. (EST) on Wednesday, November 18. Builders risk policies generally cover all risks of property damage during construction unless specifically excluded. These policies cover loss caused by external causes, as well as—subject to…

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Will Builders Risk Get “LEGs”?Jun 17, 2015

Tracy was interviewed for an article in the latest issue of Viewpoint (published by the AAIS) on LEG endorsements as a part of builders risk policies… Perhaps more importantly, knowledgeable brokers and risk managers are becoming aware of the choices provided by LEG endorsements and are asking for them, or something analogous to them. “There is a growing understanding among sophisticated brokers and risk managers of how LEG 2 and LEG 3…

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