Often following the large-scale devastation wrought by severe-weather events such as Superstorm Sandy are lawsuits against individuals and entities responsible for protecting, managing and maintaining the buildings that suffered serious damage in the storm’s wake. 

A handful of such suits have already been filed in New York City on behalf of residents of large residential buildings. The suits seek monetary damages caused by inadequate preventative measures taken before Sandy, as well as insufficient recovery measures thereafter—and also allege negligence, permitting unlawful entry into residential buildings and failure to mitigate damages. 

For those businesses facing potential losses from negligence and breached-duties claims, Liability insurance may be a critical asset to help offset defense costs and settlement or judgment payments. Here’s a review of how Comprehensive General Liability (CGL) and Directors and Officers (D&O) coverage can help mitigate such exposures. We also look at the possible triggers.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 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.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.