Wrap Insurance for Construction Projects: Scope of Coverage, Resolving Coverage and Indemnification Disputes
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will provide insurance and real estate counsel with an analysis of the characteristics and function of wrap insurance programs, discuss their advantages and potential pitfalls, highlight critical coverage and exclusion issues, and outline solutions to thorny indemnification matters.
- Advantages and risks of wrap coverage
- Coverage issues
- Limitations and exclusions
- Indemnity provisions
The panel will review these and other key issues:
- How does policy language impact coverage, and what coverage gaps could result?
- How do wrap-ups relate to construction defect issues?
- What coverages are typically included--and which are generally excluded?
- How are additional insured and contractual indemnification issues resolved?
James P. (Jamie) Bobotek
Pillsbury Winthrop Shaw Pittman
Mr. Bobotek guides clients through all phases of development and construction of commercial properties, including... | Read More
Mr. Bobotek guides clients through all phases of development and construction of commercial properties, including preparation, review and negotiation of development, design, construction, design-build, and related agreements. He also counsels clients in analyzing insurance coverage claims, formulating risk management strategies, and developing contractual insurance requirements. Mr. Bobotek has secured many favorable outcomes for commercial policyholders on CGL, builder’s risk, commercial property, business interruption, E&O, cyber, professional liability, D&O, pollution, fidelity and other claims.Close
Arielle L. Murphy
Pillsbury Winthrop Shaw Pittman
Ms. Murphy’s practice involves the drafting and negotiation of construction, consulting, design, development,... | Read More
Ms. Murphy’s practice involves the drafting and negotiation of construction, consulting, design, development, installation, and other construction-related agreements for large office, residential, hotel, and mixed-use projects. She also assists clients with various real estate matters, including the acquisition, development, management, and leasing of commercial and mixed-use properties.Close
Timothy P. Kraft
Warrior Consulting Ventures
Mr. Kraft is a 33-year commercial insurance industry veteran. He began his career in the brokerage world selling... | Read More
Mr. Kraft is a 33-year commercial insurance industry veteran. He began his career in the brokerage world selling complex risk transfer programs to Fortune 1000 clients. For the past 23 years Mr. Kraft has been an outsourced Risk Management consultant for several prominent real estate developers/owners/builders in the Washington, DC metro area. The scope of his practice covers more than 30 million+ square feet of operating Class A office space; 1.5 million square feet of retail space; 35,000+ apartment units and nearly 30 million square feet of projects in active development, including one project of 11 million square feet of office campus, tech center, multifamily and mixed-use occupancies within the Baltimore Inner Harbor. Mr. Kraft is a graduate of the U.S. Naval Academy and a Marine Corps Infantry combat veteran. He earned the RIMS CRMP designation in 2020.Close