Assessing Commercial Property Insurance for Developers: Professional Liability, Environmental, Builder's Risk Policies
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide real estate counsel with advice on assessing and advising developers' insurance needs related to commercial property. The panel will guide counsel on the extent of insurance coverage to address the unique circumstance involved with real estate development. Counsel should be conversant with the potential risks to their developer clients and the types of policies available, so that they can prepare contract documents that require the right parties to purchase the right insurance.
- General liability
- OCIP/Wrap insurance
- Professional liability
- Builders' risk
The panel will review these and other important issues:
- What are the limitations of general liability policies related to commercial real estate development?
- What gaps in coverage does OCIP address, and at what threshold should it be considered by a developer?
- What circumstances/incidents are covered under a professional liability policy?
- What types of environmental circumstances would necessitate a special policy?
- How can a developer utilize builders' risk coverage to minimize delays?
Cheryl L. Kozdrey
Saxe Doernberger & Vita
Ms. Kozdrey exclusively represents policyholders in complex insurance coverage litigation. She also advises insurance... | Read More
Ms. Kozdrey exclusively represents policyholders in complex insurance coverage litigation. She also advises insurance brokers, risk managers, and construction industry professionals regarding optimal risk transfer strategies and insurance solutions. Ms. Kozdrey assists clients with initial policy reviews, as well as renewals and modification(s) of existing policies to ensure coverage needs are satisfied. She is currently working on some of the largest construction defect coverage cases in the country.Close
Michael V. Pepe
Saxe Doernberger & Vita
Mr. Pepe focuses his practice on complex insurance coverage issues on behalf of policyholders, and has advocated for... | Read More
Mr. Pepe focuses his practice on complex insurance coverage issues on behalf of policyholders, and has advocated for his clients at trial, on appeal and in ADR settings. He routinely handles issues dealing with commercial liability, builders’ risk, additional insured claims, indemnity, and the duty to defend. Prior to joining the firm, Mr. Pepe represented general contractors, subcontractors, architects and homeowners in contract disputes, construction defect claims, and surety bond claims.Close