Minimize the Likelihood of Coverage Disputes with the New Edition of IRMI’s Insurance for Defective Construction
Dallas, TX, August 8, 2023—Losses from defective construction have been an ongoing problem, particularly due to the increasing prevalence and cost of claims. Disputes between contractors and insurers over the extent of coverage for these losses in contractors’ liability policies are common.
Published by International Risk Management Institute, Inc. (IRMI), Insurance for Defective Construction is regarded as the authoritative source of reliable information and guidance for construction risk management and insurance professionals. The extensively revised and expanded sixth edition of this respected guide will help you protect yourself or your clients from the legal consequences and financial hardship of defective construction claims and ensure that the right construction risk management decisions are being made.
Updated content includes the following.
- Expanded analysis of “occurrence” and “property damage” in the commercial general liability policy, based on recent court rulings
- Deeper exploration of the issues of timing of loss and number of occurrences, as well as allocation of property damage among multiple policies
- Extended treatment of the pros and cons of wrap-up programs with respect to defective work claims
- A deeper dive into how other types of insurance respond to faulty workmanship and design claims, including builders risk and subrogation, contractor default insurance and surety bonding, contractors professional liability, and pollution legal liability coverages
To get access to the new edition of Insurance for Defective Construction, visit https://subscribe.irmi.com/insurance-for-defective-construction.
For more than 40 years, IRMI has helped our customers save lives and livelihoods as the premier provider of risk management and insurance information, tools, education, and training. IRMI helps risk management, insurance, and legal professionals make better decisions for their companies and clients with unbiased expertise and balanced, comprehensive content.
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