Builders Risk Coverage Forum-Builders Risk Coverage Forum: Day 2 - Soft Costs and Delay in Start-up/Completion and Faulty Workmanship

Builders Risk Coverage Forum: Day 2 - Soft Costs and Delay in Start-up/Completion and Faulty Workmanship–LEG/DE

Video Transcription

Video Summary

The video covered the complexities of defect damage and coverage implications in insurance policies, focusing on concepts like all risk policies, allocation of risks in construction projects, definitions of damage, fortuity, and indemnity. They discussed typical US insurance clauses, distinguishing between defects and damage, and illustrated examples through case law. The session highlighted the importance of defining damage comprehensively, discussed leg two and leg three exclusions, and emphasized challenges in determining coverage for defect-related claims. Overall, the presentation provided valuable insights in a clear and structured manner, with quiz questions reinforcing key points. Attendees were encouraged to download handouts, provide feedback through a survey link, and interact actively. Congratulations were extended to the most engaged attendee, Skeet Black, and appreciation was expressed to all participants.

Asset Caption

Date of Publication: September 23, 2021
Duration: 3 hours

Soft Costs and Delay in Start-up/Completion
Presented by:
Luke Longcroft, Sr. managing Director, J.S. Held LLC
Curtis J. Westrick, Sr. Risk Engineering Consultant, Zurich Resilience Solutions
Aubrey Shea Simmons, Sr. Vice President, Forensic Accounting, J.S. Held LLC

Faulty Workmanship–LEG/DE
Presented by:
Mark Katz, General Counsel, Ryan Specialty Group
Rich Soja, Global Head of Inland Marine, Allianz Global & Corporate Specialty

Meta Tag

Module Builders Risk Coverage Forum

Keywords

defect damage

coverage implications

insurance policies

all risk policies

allocation of risks

construction projects

definitions of damage

fortuity

indemnity

US insurance clauses

defects vs damage

case law examples

leg two exclusions

leg three exclusions

defect-related claims