Don’t roll the dice on construction pollution risks

Posted by John Cofini on Thu, Feb 13, 2014 @ 12:51 PM

Construction projects and their environmental exposures are more complex than ever. All too many contractors gamble with their bottom lines – ignoring environmental exposures because claims are not frequent. But here’s the kicker – while these incidents may not happen frequently, they are very expensive. Cleanup and remediation can quickly eat up profits.

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Tags: construction insurance, New York construction insurance, contractors pollution liability, construction pollution risks, new york insurance blog

Your New York Construction Insurance May Exclude Mold.

Posted by John Cofini on Tue, Oct 23, 2012 @ 01:45 PM

What This Means If/When You’re Hit With A $100K Claim

In the last 10 years, a new threat to contractors and their insurance companies has been on the rise:  toxic mold claims. The number of toxic mold damage claims has skyrocketed since 2002. The cost of those claims more than doubled from 2001 to 2003, with insurers paying out $1.3 billion in mold-related claims in 2001 and more than $3 billion in 2002. And the trend continues today.

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Tags: construction insurance, contractors pollution liability, construction insurance coverage

Pollution Insurance: Need for Contractors Pollution Liability Surges

Posted by John Cofini on Fri, Jun 29, 2012 @ 03:56 PM

With constantly evolving contract stipulations and government regulations, New York contractors face more challenges than ever when it comes to navigating their insurance requirements. Expanding EPA regulations related to mold, lead and other pollutants have created gaps in General Liability coverage, and many types of contractors other than environmental firms are finding themselves increasingly vulnerable to these risks.

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Tags: contractors pollution liability, pollution insurance, new york pollution insurance, new york contractors pollution liability