Intel

Inside This Article: Several pieces of heavy construction equipment were severely damaged in a recent vandalism incident at a California housing development. Damage to heavy equipment can create major financial and operational challenges for contractors, including project delays and replacement equipment costs. Contractors should review their Inland Marine Insurance and related coverages to ensure owned, leased, and borrowed equipment is adequately…

Construction…

Inside This Article: Construction defect lawsuits are creating growing financial pressure for some of the nation\'s largest homebuilders, according to a recent Wall Street Journal report. Labor shortages, rising costs, and accelerated construction schedules may contribute to defect-related risks. Construction defect lawsuits often name contractors, architects, engineers, and other professionals, all of whom typically need to carry Commercial General Liability…

A Hot Work exclusion does not just affect coverage—it can signal important risk management requirements. In the clip below, Brittani Marrott, Manager, Commercial Insurance, Burns & Wilcox, Salt Lake City, Utah, explains how these exclusions encourage contractors to implement risk controls that can help prevent costly fire losses. https://vimeo.com/1202182375/0f725104f6?share=copy&fl=sv&fe=ci

A subsidence claim does not always require contractor negligence to become a coverage issue. In this clip from our recent Construction Insurance webinar, Alex Fifelski, Broker, Burns & Wilcox, Brokerage Division, Atlanta, Georgia, explains how subsidence exclusions can leave contractors exposed when earth movement contributes to a loss. https://vimeo.com/1202183081/3ca2a457b1?share=copy&fl=sv&fe=ci

One of the most dangerous construction coverage gaps can be hidden in the fine print. In this clip, David Gross, Vice President, Managing Director, Broker, Casualty, Burns & Wilcox, Brokerage Division, North Dallas, TX, highlights the risks behind Action Over claims and why a closer review of endorsements can help uncover issues before they turn into serious problems. https://vimeo.com/1202181526/43de2cc8ef?share=copy&fl=sv&fe=ci

Seemingly minor changes in policy language can create significant coverage gaps for Construction risks. In this webinar, Burns & Wilcox experts discuss key terms, conditions, and exclusions that can influence underwriting decisions and claim outcomes, including action-over, subcontractor exclusions, hot work operations, subsidence exposures, residential limitations, and work height restrictions. Featured experts: David Gross, Vice President, Managing Director, Broker, Casualty, Burns &…

Inside This Article: A $19 million Denver Zoo sea lion habitat project is at the center of a lawsuit alleging design and construction failures. The lawsuit alleges multiple defects in the recently opened habitat, including improper water levels, leaks, and cracking. Architects & Engineers (A&E) Professional Liability Insurance plays a key role when claims arise from alleged design errors or failure…

Inside This Article: A judge issued a default judgment in favor of an Ohio confectionery business after a contractor failed to respond to claims tied to a 2024 demolition incident, WFMJ-TV reported. The lawsuit alleged that debris from a nearby building teardown damaged a neighboring business and equipment, with another establishment also reporting impacts. Contractors performing demolition work face significant third-party…

Inside This Article: A Washington state school district has sued a builder and architect over alleged defects that forced the closure of a new $18 million elementary school. Problems reported included electrical shocks, water intrusion, floorboard gaps, and other issues that led to relocating more than 500 students. The allegations highlight the importance of Construction Insurance policies including Architects & Engineers…

Key Takeaways: Property & Casualty (P&C) market conditions are stabilizing, with increased competition and moderating rates—though CAT-prone regions remain volatile. Excess & Surplus (E&S) carriers remain vital for distressed sectors like Habitational, Hospitality, and Liquor Liability, even as admitted carriers return to select segments. Severe weather is reshaping risk, as seen in recent Texas flooding and California wildfires earlier…

Inside This Article: Subcontractor defaults are rising as labor shortages, material costs and economic pressures strain smaller firms. Many contractors wrongly assume that Commercial General Liability (CGL) Insurance covers all risks tied to subcontractor performance. Professional Liability Insurance, such as Errors & Omissions (E&O) coverage, addresses gaps left by CGL, in design-build projects. Subcontractor Default Insurance (SDI) can help…