A Focus on Case Law and the Evolving Landscape of Construction Insurance

Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE hosts Chris Epps, LEED AP, and Mike Diercksen, CRIS, welcome Theresa Guertin, Partner and member of Management Committee at SDV Law. 

Theresa takes the time to walk us through some notable cases that have been happening around the country, zeroing in on the impact they will have within the construction industry. Before leaving, Theresa gives our audience three key takeaways.

1. Best Defense Is a Good Offense: Regardless of where you sit at the table, it is important to understand the legal strategy and case law precedent that is currently being used in the construction industry. Having a clear understanding of what has happened will help you better prepare to advocate for yourself in future situations.
2. Contracts Must Be Clear: Take the time to review your contracts and modify them to determine which endorsements are and are not acceptable. Additionally, it is imperative that you review your endorsements and determine that they are fully capturing all of the necessary parties.
3. Clarity is Key: When reviewing your own policies, regardless of the case law in your jurisdiction, you want to make sure that faulty work can constitute as property damage as an occurrence. Taking back coverage should happen in your exclusions rather than your insuring agreements.   

To learn more about how you can better prepare your firm for the opportunities ahead, listen to our full podcast episode with Theresa on “A Focus on Case Law and the Evolving Landscape of Construction Insurance.”

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Links:

View SDV's website at SDV Law
Connect with Chris Epps
Connect with Mike Diercksen