Navigating Performance Bonds, Subcontractor Default, and CGL Coverage for Defective Workmanship and Property Damage
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will provide construction and insurance counsel with a review of the key differences between CGL insurance, performance bonds and subcontractor default insurance in covering risk for owners and contractors emanating from defective workmanship and property damages. The program will provide owners and contractors with best practices to minimize the risks for construction defects and property damage through insurance and performance bonds. The program will also provide the perspectives of the insurer or surety in covering these risks.
- Performance bonds
- Subcontractor default insurance
- CGL coverage
- Faulty workmanship
- Property damage
- Owner/contractor vs. insurer/surety perspective
The panel will review these and other key issues:
- What are the distinctions between CGL policies and surety bonds?
- Where might performance bonds and CGL policies overlap in the context of a contractor’s default or other nonperformance?
- How has the recent expansion of CGL coverage for defective workmanship led to confusion with coverage under a performance bond?
- What are the key advantages of SDI, and what are the drawbacks that must be considered?
- How does SDI differ from traditional performance bonds?
Michele Leo Hintson, Esq.
Schumaker Loop & Kendrick
Ms. Hintson has over a decade of experience handling a wide variety of disputes, including those involving payment and... | Read More
Ms. Hintson has over a decade of experience handling a wide variety of disputes, including those involving payment and performance bonds. She dedicates her practice to representing businesses and insurance companies, and also advises health care organizations and individuals in all aspects of the dispute resolution process. She also frequently negotiates settlements and drafts settlement agreements on behalf of her clients.Close
Kirk D. Johnston
Smith Currie & Hancock
Mr. Johnston focuses his practice in the areas of construction litigation, risk management and transactional... | Read More
Mr. Johnston focuses his practice in the areas of construction litigation, risk management and transactional services. He has many years of experience representing owners, general contractors, architects, surety companies, and other entities on a wide range of construction projects. Mr. Johnston is a licensed property and casualty insurance adjuster and his experience in the interpretation of insurance policies further aids owners and contractors in catastrophic loss management, litigation and construction-related claims.Close
Michael S. McNamara
Pillsbury Winthrop Shaw Pittman
Mr. McNamara's practice focuses on litigation of complex construction and engineering disputes, frequently... | Read More
Mr. McNamara's practice focuses on litigation of complex construction and engineering disputes, frequently involving claims for additional costs, delays and terminations. He has handled major trials of multimillion-dollar construction disputes and has represented owners, contractors and construction managers in many other cases successfully resolved in settlement.Close