Do your contracts really provide sufficient coverage on your project?
Contractors with inadequate or lapsed insurance can wreak havoc on a construction project. Owners, state regulators and the construction insurance industry have found that the issue of third party notice of cancellation is complicated by varying contract language and the multiple scenarios under which policy cancellation occurs.
Read our white paper, “Addressing the issues of third party notification of cancellation,” to learn:
- How the issue developed
- What contractors have done to help bridge the contract gap
- How the notification process should work
- What progress is being made to respond to the challenge of third party notification
© 2012 Zurich American Insurance Company Ltd. All Rights Reserved.
The information in this publication was compiled from sources believed to be reliable for informational purposes only. All sample policies and procedures herein should serve as a guideline, which you can use to create your own policies and procedures. We trust that you will customize these samples to reflect your own operations and believe that these samples may serve as a helpful platform for this endeavor. Any and all information contained herein is not intended to constitute legal advice and accordingly, you should consult with your own attorneys when developing programs and policies. We do not guarantee the accuracy of this information or any results and further assume no liability in connection with this publication and sample policies and procedures, including any information, methods or safety suggestions contained herein. Moreover, Zurich reminds you that this cannot be assumed to contain every acceptable safety and compliance procedure or that additional procedures might not be appropriate under the circumstances The subject matter of this publication is not tied to any specific insurance product nor will adopting these policies and procedures ensure coverage under any insurance policy.