As any construction contractor knows, an environmental claim can quickly complicate a project and drive up costs. And the risk goes beyond the costs. Environmental claims are notoriously time-consuming, requiring expert legal and claims support, and the liabilities involved can kill a company’s public image and reputation.
Read MoreTags: cgl policy, pollution exclusion
It’s become an age-old question: Does defective workmanship constitute an "occurrence" for purposes of coverage under a CGL policy? It’s been an issue shrouded in fog and an ongoing battle in the courts for over 20 years. And in just the past two years, that battle has been heating up.
Tags: New York construction insurance, new york construction industry, construction defect claims, cgl policy
