As investment in green construction grows, insurers are increasingly being called upon to create coverage enhancements to address the new range of underwriting and risk management exposures in climate-friendly buildings. This also means new sales opportunities for producers–as well as a new class of property risk exposures about which they must be aware.
With the potential for "green" tax credits under the Obama administration's newly approved stimulus package, the greening of construction has renewed interest and may grow into a more significant portion of the construction industry's projects.
What kind of new and different property exposures could a green building pose? There are several insurance exposures and coverage issues previously not contemplated under traditional commercial construction.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
