Contractors Insurance No Comments

Additional Insured for Completed Operations

You’ve hired an HVAC subcontractor to work on your project and have asked him to provide a certificate of insurance naming you, the general contractor, as Additional Insured on his Commercial General Liability (CGL) Policy.   He is allowed to begin work only after you receive and review the certificate and the Additional Insured endorsement.  You now rest assured that, if there is a claim resulting from the sub’s work, you are fully protected.  Unfortunately, there is one more important thing you still need to do.

Most CGL policies include coverage for the Named Insured for ongoing and completed operations.  Ongoing operations coverage applies while, as the name suggests, the operations are ongoing.  Completed operations coverage applies when completed work results in an occurrence of bodily injury or property damage during the policy period. While the Named Insured may be covered for both, most Additional Insured endorsements include only ongoing operations coverage for Additional Insured.  Read more

Contractors Insurance No Comments

Beware the Subcontractor Warranty

A Commercial General Liability (CGL) Policy provides coverage for, among other things, bodily injury and property damage for which the Named Insured is legally liable.  This legal liability can result from the Named Insured’s operations.  It can also result from the operations of subcontractors hired by the Named Insured.

Read more

Contractors Insurance No Comments

Certificates of Insurance – Help for the New York Construction Industry

For years, those receiving Certificates of Insurance reflecting coverage held by New York contractors could never be certain of the breadth of coverage afforded by the policies. Many of the insurers covering contractors working in New York place restrictive endorsements on their policies, and these endorsements are not normally shown on a Certificate of Insurance.

Read more