Construction Defects- The Insurance Issues
NJ Course Code: #0403290 – 3 Credits
This course will examine the issues of construction defects. We will discuss the history of the problem and some of the reasons behind the increase in construction defect claims. Included in the discussion of construction defects will be a discussion of the related problem, mold claims. We will discuss ways that the insurance carriers and contractors can limit their exposures in this area. We will discuss how the CGL might respond to these claims and look at several CGL endorsements that might apply to the construction defects issue. We will also discuss additional insured status and contractual transfer of risk, within the context of the construction defect claim.