CCDC 21 covers all important issues relating to construction insurance:
- General Liability Insurance – Coverage offered by standard policy IBC 2100 and CCDC Endorsement IBC 2320, who is insured and the coverage for Additional Insured, exclusions, Umbrella Liability insurance, six-year coverage for completed operations etc.
- Builder’s Risk Broad Form Property Insurance – Insured and excluded property, major excluded perils, suggested additional coverages (e.g. soft costs, delayed start-up, expediting expense, early occupancy, testing and commissioning, valuable papers, electronic data and cyber threats), renovation projects, negotiating coverage etc.
- Other Insurance – Important considerations for Boiler and Machinery (Equipment Breakdown) Insurance, Automobile Liability Policy Insurance, Aircraft and Watercraft Liability Insurance, Contractors’ Equipment Insurance, Professional Liability Insurance, Wrap up Liability (with Wrap Up Difference in Condition Endorsement and coverage for completed operations), Installation Insurance.
- Practical Tips on Critical Insurance Issues – Selection of insurance representatives, claims process (reporting, handling, proof of loss), subrogation etc.