Here’s some advice I would give to anyone contemplating becoming a general contractor: Don’t. The liability insurance coverage picture is too muddy, and coverage for completed operations is too uncertain. My secondary, and perhaps more realistic, advice: Review your subcontractors’ general liability coverage and make sure there’s adequate protection if you need to bring suit
completed operations
Completed operations coverage for construction defects
By Gene Killian on
When I was in grammar school, the class wise guy was a kid named Nicky DeLuca. One day, we were in gym class, and the coach was trying to teach us the importance of fundamentals in basketball.
“You have to have a strong foundation,” the coach said. “It’s like building a house. You have to…
Insurance coverage for construction defects
By Gene Killian on
Posted in Construction defects, Emerging Trends
It’s amazing how, when the economy tanked, construction defects began to multiply exponentially. I’m not (necessarily) trying to ascribe purely financial motives to the plaintiffs in these cases, but there’s no doubt that, at my firm at least, we’ve seen a marked increase in the amount of coverage litigation over construction defects.
So, what’s the…