While constructions projects are all different, builder’s risk policies remain the most common policy that comes into play in a construction project.
The purpose of builder’s risk insurance is to cover losses arising from unforeseen catastrophic events which may damage the property, including fire or flood. However, builder’s risk is not liability insurance. Builder’s risk insurance often contains an exclusion to eliminate repair costs for losses resulting from design deficiencies or deficiencies in the work. This video reviews builder’s risk policies, OCIP and CCIP insurance, workers’ compensation insurance, design professional liability insurance, and excess coverage.
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Agenda
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Faculty
Michael Jay Rune, II
Carlton Fields, P.A.
- Shareholder in the Miami office of Carlton Fields, P.A.
- Practice emphasizes construction, surety, and insurance law and related litigation since 1997
- Lectures on issues important to the construction industry; co-author of Liability and Performance Bond Surety in The Law of Performance Bonds (ABA 1999)
- Can be contacted at 305-539-7231 or [email protected]
Dana Chaaban
Carlton Fields, P.A.
- Attorney in the Miami office of Carlton Fields, P.A.
- Focuses practice on commercial and construction litigation, where she represents developers, contractors, material suppliers, and design professionals in disputes involving construction defect claims, delay claims, construction lien issues, and contract disputes
- Member of several professional and civic organizations
- Can be contacted at 305-539-7417 or [email protected]
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