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builder's risk

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Paid Steering the Course: Course of Construction (COC) Insurance Options

August 21, 2018 Neil Jeanson, Senior Class Underwriter, XL Catlin

All it takes is a spark.  From a sander. Or errant cigarette.  And POW!  Igniting common, flammable construction materials like wood, solvents, packaging, and gasoline and turning a work in progress to a pile of ash.  It’s a powerful blow

News ConstructionInsuranceMarkets / Coverages

3 tips for advising your clients about construction work

January 12, 2018 by Greg Meckbach

Brokers advising property owners should bear in mind their clients may not be experts on construction and renovation, a managing general agency warns. Keeping this mind, brokers can guide clients through three processes when hiring contractors to do construction or

News ConstructionInsuranceMergers and Aqcuisitions

XL Catlin quadruples North American builder’s risk capacity to US$1 billion

March 9, 2017 by Canadian Underwriter

XL Catlin announced on Wednesday that it has quadrupled its builder’s risk insurance capacity to US$1 billion from US$250 million for construction firms in North America. The increased coverage for high-value commercial real estate projects is the result of a

News InsuranceLegalMarkets / Coverages

Builder’s risk policy must cover windows damaged by cleaning on building under construction: Supreme Court of Canada

September 16, 2016 by Canadian Underwriter

Insurance firms writing an all risks policy for an office building under construction in Edmonton must cover the multi-million dollar cost of replacing windows damaged by cleaning, despite an exclusion for “the cost of making good faulty workmanship,” the Supreme