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Construction defects could range from complex foundation and framing issues, which threaten the structural integrity of buildings, to aesthetic issues such as improperly painted surfaces and deteriorating wood trim around windows and doors.
Construction defects are tangible and can typically be grouped into four major categories: Design Deficiencies, Material Deficiencies, Construction Deficiencies, and Subsurface Geotechnical Problems.
Insurance Industry News from ProgramBusiness.comRecent Coverage Examples
Storefront Owner S.H. Smith Large Commercial Property and Casualty Department specializes in unique risks, including products liability, commercial general liability, contractors liability, umbrella liability, pollution liability, public entities, property and many forms for unique coverages.
Through their network of professional contacts, S.H. Smith is able to write insurance for virtually any class of business, with risks large or small -- even for volatile exposures.
Recent coverages include:
$20 mil. umbrella / Premium $350K
Large commercial/residential contractor performing municipality work, schools hospitals, homes
GL & $7 mil. umbrella / Premium: $225K
Large commercial roofer
GL, property & $5 mil. excess / Premium: $200K
Low income housing, Connecticut
Product Liability / Premium: $16,500
Lacrosse stick manufacturer
GL & $5 mil. excess / Premium: $160K
Manufacturer, mobile equipment controls
GL / Premium: $80K
Vitamin supplement distributor
Property / Premium: $492K
Coastal hotel, Massachusetts
Property / Premium: $84K
DIC / Premium: $92K
Wind deductible buy-down Large Texas property
For more information, visit their storefront at www.programbusiness.com
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