Complexities of Builder's Risk Insurance Claims: Navigating Defective Workmanship, Accidents, External Causes, Express Exclusions, and More
Evaluation of Policies Based on Pricing Considerations, Location, Environmental Factors, Type of Construction
A live 90-minute CLE video webinar with interactive Q&A
This CLE webinar will address the complexities of BRI coverage, including who should hold the policy, who should be responsible for both notice and adjustment of a claim, preferred exclusions and exceptions thereto, and coverage for property damage versus soft costs/business interruption.
Outline
- Ownership of policy
- Amount of coverage
- Property damage
- Delay claims
- Lost gross profits, loss of income, continuing expenses
- Physical damage or loss vs. mere defective workmanship
- Accidents and external causes
- Express exclusions for defective workmanship
- Inherent vice and latent defect exclusion
Benefits
The panel will review these and other crucial issues:
- BRI policy structure and preferred coverages.
- Key exclusions, exceptions, and policy conditions.
- Interplay between BRI and commercial general liability coverages.
- Factors courts look at in determining whether a construction defect has caused physical damage or loss triggering BRI coverage
- How BRI policies treat ensuing lost gross profits, loss of income, and continuing expenses
- How claims by multiple insureds arising out of the same event or occurrence are treated
Faculty
James P. (Jamie) Bobotek
Partner
Pillsbury Winthrop Shaw Pittman
Mr. Bobotek guides clients through all phases of development and construction of commercial properties, including... | Read More
Mr. Bobotek guides clients through all phases of development and construction of commercial properties, including preparation, review and negotiation of development, design, construction, design-build, and related agreements. He also counsels clients in analyzing insurance coverage claims, formulating risk management strategies, and developing contractual insurance requirements. Mr. Bobotek has secured many favorable outcomes for commercial policyholders on CGL, builder’s risk, commercial property, business interruption, E&O, cyber, professional liability, D&O, pollution, fidelity and other claims.
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Matthew D. (Matt) Stockwell
Special Counsel
Pillsbury Winthrop Shaw Pittman
Mr. Stockwell is an experienced counselor and litigator and has handled high-profile insurance coverage and... | Read More
Mr. Stockwell is an experienced counselor and litigator and has handled high-profile insurance coverage and construction disputes. He represents construction companies, owners and developers in all aspects of contract negotiations, payment disputes and litigation. Mr. Stockwell focuses on avoiding potential conflict early, through procurement of insurance policies and in the contract stage, but has also assisted clients in recovering more than $250 million in litigation and arbitration.
CloseEarly Discount (through 04/18/25)