Insurance Disputes in Construction: What Builders Need to Know
Insurance plays a critical role in protecting builders and construction projects from various risks. However, insurance disputes can arise, leading to significant challenges and financial implications. This blog post explores the types of insurance policies in construction, common disputes, preventative measures, and strategies for resolving disputes effectively. Types of Insurance Policies in Construction In the construction industry, several insurance policies are essential for protecting builders, workers, and projects. Key policies include: General Liability Insurance : Covers bodily injury and property damage claims. Builder's Risk Insurance : Protects against damage to the project during construction. Professional Liability Insurance : Covers claims of errors or omissions in professional services. Workers' Compensation Insurance : Provides benefits to employees injured on the job. Commercial Property Insurance : Covers damage to buildings and contents. Understanding these...