Construction Insurance in the COVID-19 Era:
What Losses are Covered? Workman's Comp Issues and Future Coverage Challenges
The COVID-19 pandemic has created a generational upheaval in virtually all aspects of business, including the construction business. That upheaval includes confusion and uncertainty in the construction insurance arena. Do insurance policies cover losses from shutdown orders and delays in projects? Does moving to a work-at-home environment impact workers’ compensation exposures? And will the pandemic impact the ability to obtain the same scope of coverage to which the construction industry has been accustomed to in the past?
This program will seek to address these and other issues. Our presenters will discuss key insurance issues of which construction professionals should be aware, including:
- Whether business interruption or commercial property policies will cover pandemic-related losses.
- Impacts slowdowns and shutsdowns may have on builders risk, OCIP and similar policies particularly whether the slowdowns and shutdowns will result in extended project completion dates.
- The importance of carefully reviewing policy applications and renewal applications for the upcoming policy year with an eye towards COVID-19 related questions.
- Exclusions the insurance industry is anticipated to include in upcoming policies and what they mean to construction professionals.
- Workers’ compensation considerations for companies whose employees are working at home.
- And much, much more!
Christopher R. Mosley is a Member of Sherman & Howard’s Trial Group and Chair and founder of the Firm’s Insurance Recovery Group. Mr. Mosley specializes in representing corporate policyholders in disputes against their insurers. During his career, Mr. Mosley has helped businesses recover more than $200 million from insurance companies. Mr. Mosley has particular expertise with respect to construction insurance issues. To that end, Mr. Mosley has spoken and written nationally on insurance issues important to the construction industry and has been involved in some of the most significant and groundbreaking legislation aimed at helping construction companies secure the coverage they purchased. Mr. Mosley serves as a Vice Chair for the Insurance Coverage Litigation Committee for the ABA Tort Trial & Insurance Practice Section and previously served as national chair of the committee.
William R. Reed is an Associate in Sherman & Howard’s Insurance Recovery Group. He represents clients in the construction and mining industries on insurance recovery matters as well as other commercial disputes. Will is a member of the Insurance Litigation Committee for the ABA Tort Trial & Insurance Practice Section and a member of the Colorado Bar Association’s Insurance Committee. A former journalist, Will uses a holistic problem-solving approach including insurance coverage, public relations and litigation to protect his clients and position them for success.
Brooke Yates is a Member of Sherman & Howard’s Trial Group and the Firm’s Insurance Recovery and Construction Groups. Ms. Yates is listed in The Best Lawyers in America in the area of insurance law. Ms. Yates specializes in representing commercial insurance policy holders in all manner of insurance matters, including risk assessment, policy placement and review, contract negotiation, claims, and bad faith litigation and settlement. She has experience with nearly all types of commercial insurance policies, with a particular emphasis on the construction industry. Ms. Yates also routinely advises construction professionals and owner/developers in multi-million dollar construction matters. She has spoken and written on construction and insurance topics locally and nationally.
Who will Benefit?
This recorded webinar is a must if you're a public or private owner, construction manager, contractor, subcontractor, consultant, architect, engineer, attorney or anyone responsible for coordinating insurance policies on your projects.