Construction Insurance


By Stephen D. Palley

cover image of Construction Insurance

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The intersection between construction and insurance is an often overlooked, but essential consideration. This important resource is a perfect practice handbook for construction lawyers, written by practitioners with considerable expertise in both construction and insurance. This practical book provides overviews of individual construction insurance topic areas in each chapter, chosen because of their relevance to construction lawyers. The book begins with an introduction to basic insurance and related construction delivery concepts, and also discusses insurance-related contract drafting considerations. Six subsequent chapters discuss each of the basic insurance products typically used for construction, with an emphasis on their place in the construction context -- commercial general liability insurance, builders risk, professional liability insurance, and pollution insurance. There's a chapter on the related concepts of construction contract indemnities and additional insured coverage in commercial general liability (CGL) policies, and another covering performance bonds and contractor default insurance. In addition, you'll find valuable information on special insurance considerations, the "wrap-up" insurance model and how these programs work, and the insurance claims "process" in the course of construction. Finally, there is a detailed discussion of insurance coverage for delay-related damages under three types of insurance coverage and through performance bonds. In addition each chapter provides a list of resources for further reading. If you are involved in the construction field and need a complete resource on construction insurance, this is one book that you don't want to miss.

Construction Insurance