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 video webinar with Q&A
This CLE course will review the critical differences between insurance and suretyship and the interplay between CGL policies and performance bonds for losses involving defective work or property damage. Our panel of experts will discuss best practices to minimize construction project risk through both CGL policies and performance bonds.
Outline
- Surety bonds
- CGL coverage
- Faulty workmanship
- Property damage
- Owner vs. contractor vs. surety perspectives
Benefits
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?
Faculty
John Chamberlain
Counsel
Pillsbury Winthrop Shaw Pittman
Mr. Chamberlain’s practice runs the gamut of commercial disputes, including focusses in insurance recovery,... | Read More
Mr. Chamberlain’s practice runs the gamut of commercial disputes, including focusses in insurance recovery, construction litigation, international arbitration and global sourcing agreements. His clients include leading utilities, real estate developers, construction contractors and global manufacturers.
Close
Marc A. Sanchez
Partner
Frantz Ward
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