While applicators and project owners often find insurance coverage for Exterior Insulation and Finish Systems (EIFS) can be difficult to obtain, it can be an important safeguard against water damage, construction defects and mold.
Retailers can help general contractors, artisan contractors, architects and engineers, owner builders, wrap programs and others who encounter EIFS. Whether it's general liability coverage, environmental/pollution risks, professional and/or excess liability, here are five key underwriting considerations:
1) Is the contractor properly trained in EIFS installation? Properly trained contractors can distinguish themselves by securing the EIFSmart Contractor distinction. Not only does this distinction provide contractors a competitive edge, it may offer the opportunity to receive reduced insurance rates, because it provides a greater assurance of correct installation. The trained contractor has knowledge and skill to handle the job correctly, resulting in the likelihood of fewer construction and insurance issues.
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