AP Blog

By Jason Wissmiller, 08/11/2020
We often receive phone calls from clients and prospects asking for a general liability policy to satisfy an insurance requirement in a contract, such as an airport lease. Like most insurance products, clients buy an aviation general liability policy with little knowledge of what the policy actually covers. In...
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By Mark Holt, 08/03/2020
N-95 masks have been the subject of increased focus by OSHA. These masks were originally designed for industrial use in sectors such as mining, construction, painting and manufacturing. Designed to filter out airborne particulates, they have a logical place in the healthcare setting to control airborne diseases...
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By Trevor Gilstrap, 07/29/2020
Fracking is a method that has been in use for decades but has become the hot buzz word in recent years, and is the alleged cause of everything from tainted water to silicosis. Regardless of your opinion on these growing allegations, these types of lawsuits from upset citizens are increasing throughout the...
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By Chris Pavone, 07/28/2020
Trucking’s role in keeping goods, materials and the economy rolling during the global pandemic has been nothing short of phenomenal and will certainly play a role in re-establishing “normal” supply lines depleted by hoarding households and profiteering resellers. Hopefully, everyone in the...
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Growing rates of healthcare workers are experiencing physical and psychological injury as a result of workplace violence related to resident care. A staggering 95% of healthcare workers have reported exposure to aggression. However, research has found that workplace violence is underreported, signifying that...
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07/15/2020
When setting up a flying club, or managing an existing flying club, there are several things you can do to make yourself more attractive to an underwriter. By making yourself more desirable to an underwriter, you can maximize your coverage and minimize the premiums you pay. Here are our Top 10 Flying Club...
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By Nathanael Alexander, Esq., 07/14/2020
On July 8, 2020, by a vote of 7-2, the Supreme Court of the United States (SCOTUS) in their Little Sisters of the Poor decision upheld Trump administration rules permitting employers to decline contraceptive coverage (including preventative health services, birth control pills, IUDs, etc.) on the basis of...
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By Nathanael Alexander, Esq., 07/08/2020
On June 15, 2020, the Supreme Court of the United States (SCOTUS) held in Bostock v. Clayton County, Georgia that Title VII of the Civil Rights Act of 1964 bars an employer from firing an individual merely for being gay or transgender. In its ruling, the Court noted that it is “impossible to discriminate...
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By Gina Ekstam, 07/08/2020
Agribusiness worksites, shared worker housing, and shared worker vehicles present unique challenges for preventing and controlling the spread of COVID-19. Joint guidance by the CDC and DOL provides a template that employers can adapt to protect their workers. Through thoughtful planning, it is possible to...
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By Nathanael Alexander, Esq., 07/02/2020
Due to the COVID-19 pandemic, countless employees with young children have opted to utilize the time off provisions of the Families First Coronavirus Response Act (FFCRA) in order to provide care to their children in lieu of school and day care center closures nationwide. Now that schools are closed and a vast...
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The Coverage Many Contractors are Lacking
10/10/2016

Contractors know they need general liability insurance, but they often aren’t fully aware of the potential gaps in coverage versus their exposures. Design firms and contractors work together to complete a project, but when something goes wrong, who is responsible for the damages?

Contractors are assuming nontraditional risk that their core coverages may not provide protection. Prior to a contractor signing a contract, they should make sure they are adequately protected with the right insurance coverages.

A contractor’s general liability policy with a professional exclusion endorsement can provide limited or no protection for design errors. A coverage that should strongly be considered to fill the gap is Contractor’s Professional Liability. Here are some reasons why contractors need this type of protection:

  • Substantial limits are available at competitive pricing
  • All contractors make field changes to design or offer value engineering. These “value added” services create coverage gaps unless a professional liability policy is in place
  • Many owners are selecting Design Build contractors to speed up the schedule and save construction costs
  • Errors by subcontracted architects and engineers create professional liability exposures for Design Build contractors
  • Insures a contractor for damages arising out of negligence of the contractor or its sub consultant architect/engineer
  • Broad protection for supposed errors or omissions in the delivery of design and construction management services
  • Provides coverage to the insured for both the cost of defending the claim and alleged damages

Design Error Liability has a very long tail; the Statute of Repose can last 10 or even 12 years depending on the location of the projects. The architect’s professional liability policy lapses or limits are exhausted with other claims.

The AssuredPartners construction team will help you investigate your professional liability exposures to secure and protect your assets. To learn more, visit AssuredPartners Construction.

Source: International Risk Management Institute