Performance Bonds and CGL Insurance in Construction Projects: Navigating Interplay Between Insurance and Surety
Minimizing Risks and Maximizing Recovery for Defective Workmanship and Property Damage
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will review the critical differences between insurance and suretyship and the interplay between commercial general liability (CGL) policies and performance bonds for losses involving defective work or property damage. Our panel of experts will discuss best practices to minimize risk on construction projects through both CGL policies and performance bonds.
- Surety bonds
- CGL coverage
- Faulty workmanship
- Property damage
- Owner vs. contractor vs. surety perspectives
The panel will review these and other high priority 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?
Patrick R. Kingsley
Stradley Ronon Stevens & Young
As Chair of the firm’s Construction Group, Mr. Kingsley handles a wide variety of complex commercial disputes,... | Read More
As Chair of the firm’s Construction Group, Mr. Kingsley handles a wide variety of complex commercial disputes, focusing much of his practice on construction and surety litigation. He represents owners, contractors, subcontractors, design professionals, sureties and building product suppliers in construction disputes involving claims for delay, unforeseen site conditions, poor workmanship, design errors, performance bond claims, and payment bond claims, among others. Mr. Kingsley also serves as an adjunct professor at Rutgers University School of Law.Close
Marc A. Sanchez
Mr. Sanchez represents general contractors, specialty trades and subcontractors, including the arbitration,... | Read More
Mr. Sanchez represents general contractors, specialty trades and subcontractors, including the arbitration, mediation and litigation of claims. He advises clients on claim management and avoidance, risk management and insurance, scheduling and safety issues as well as minority certification and compliance. He negotiates and drafts all types of construction contracts, perfects and enforces mechanics’ liens, prosecutes and defends defective workmanship claims and surety bond claims. He counsels clients on a wide variety of issues including delay and acceleration, defective workmanship, insurance coverage, competitive bidding disputes, surety bond claims, personal injury and wrongful death claims and termination claims.Close