Coverage & Policy Issues

The use of subcontractors helps insure construction projects are completed in a timely and efficient manner, but it also creates a range of contractual risks.

Controlled Insurance Programs (CIPs) can be a good fit for general contractors who don't do the majority of their own work.

Most insurance policies contain an exclusion or limitation for water damage to the interior of a building unless a windstorm damages the roof or exterior walls of a structure through which water enters.

The construction industry is picking up, but so are its challenges. What can we learn from the way the challenges are being addressed?

Is there a difference between agreed value and functional building valuation? This and other FRC coverage questions answered.

Richard W. Lavey most recently served as executive vice president, chief marketing officer, and chief growth innovation officer for The Hanover.