Due Diligence for Insurance Coverage in Transportation Construction Contracts (2015) / Chapter Skim
Currently Skimming:
Pages 4-8
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 4... ...
4specifications. If the policy is not reviewed until years after the completion of the project and after suit has been filed, the agency is no longer able to negotiate the coverage it could have easily obtained prior to or during construction.
|
From page 5... ...
5B. Additional Insured and Additional Named Insured Coverages Only 2 of the 28 states indicated that they do not require their contractors to name them as additional insureds or purchase separate owner's protective policies on their behalf.
|
From page 6... ...
6Missouri reported that it had been in litigation with an insurance carrier due to the carrier's refusal to defend or indemnify the agency after a lawsuit was filed against it. In that case, a fatal accident had occurred within the physical limits of a construction job.
|
From page 7... ...
7included as Appendix B New York's certificate of insurance contains the following language: The subscribing insurance company, authorized to do business in the state of New York, certifies that the insurance of the kinds and types and for limits of liability herein stated, covering the work described in the underlying contract herein identified, has been procured by and furnished on behalf of the insured and is in full force and effect for the period listed below.
|
From page 8... ...
8require insurance providers to use particular industry forms, such as the ISO Commercial General Liability Form CG 00 01 10 93 or its equivalent, although they allow for forms that provide equivalent coverage. When the agency requests a particular form in its specifications, it is easy for staff to review the endorsements to determine if the appropriate form has been submitted.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.