The discussion will be about the Hard Market for the Insurance Industry, what types of Construction Insurance are available, and what to expect from your insurance company as well as what to expect from your insurance broker. Furthermore, we will go over Certificates of Insurance and when you should provide or request a COI.
Hard Market for Insurance Industry
Why are insurance rates going up?
Why does the market correct?
Sources of Risk
Types of Construction Insurance
Builders’ Risk or Course of Construction (CoC)
Contractors’ Equipment
Equipment Breakdown
Commercial General Liability – an annual policy
Course of Construction Insurance
Wrap-Up Liability – Project specific, 24 months post construction
Contractors’ Pollution Liability or Environmental Liability
Cyber Liability
New Home Warranty (where applicable)
Performance Bonding or Surety
What to expect from your insurance company
What to expect from your insurance broker
• Discussion points with your insurance broker • Certificates of Insurance
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