Interplay Among Builders Risk, CGL, and Wrap- Up Insurance Programs: Maximizing Coverage

This CLE course will guide counsel on the differences between seeking recovery under builders' risk, CGL, and wrap-up insurance policies. The program will cover what steps to take when a claim is suspected, how to maximize coverage under all available policies, current trends in claim denials, and best practices to ensure coverage.

Builders' risk policies are the workhorse of construction insurance but should never be the exclusive source of coverage. Often both builders' risk and CGL policies may cover a loss. Counsel should understand how and when each policy may offer greater benefits.

When the market for coverage contracts, "wrap-up" programs, including owner-controlled insurance programs (OCIPs) and contractor-controlled insurance programs (CCIPs), become common. Wrap-up programs are often customized and require counsel to be familiar with how the policies affect contractual indemnity provisions.

Exclusions are playing a greater role in resolving claims, with many applied arbitrarily and in unexpected ways. Counsel must be on guard to spot what may be overzealous claim denials.

Listen as the panel discusses important considerations for construction contracts and the steps the insured should take when they suspect a claim, as well as commonly litigated exclusions.