Blog: liability

General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the potentially massive claims dollars that could be paid out in litigation, settlement, and adverse jury verdicts arising from Chinese drywall. However, due to the impact of little known policy exclusions and evolving case law in many…

Businessowners Policies, traditionally referred to simply as “BOPs,” were introduced in 1976 and significantly revised in 1987. The BOP evolved gradually from the 1987 revisions to include risk classification and sizes not contemplated in the original or “first revision” editions of the form. Additionally, many insurance carriers have built upon the Insurance Services Office’s (ISO’s)…

If a claim dispute arises, you should always file a complaint with your state insurance regulatory agency. Don’t go into great detail – just give them the very basic issues in dispute. To find your state regulator online go to www.naic.org. The agency may not get you the help you need, but it’s still important…