Few policy provisions are as common, yet misunderstood, as the additional insured endorsement, which often appears in construction defect actions, where the insurer for the subcontractor agrees to provide coverage for claims against the general contractor.
Insureds must soon decide whether to settle their Sandy claims or file suit. Misnomers about the industry are rampant, but prudent claims-handling practices will help carriers avoid bad faith and extra-contractual damages.
Insureds must soon decide whether to settle their Sandy claims or file suit. Misnomers about the industry are rampant, but prudent claims-handling practices will help carriers avoid bad faith and extra-contractual damages.
