By: Simon Fenn

Simon Fenn — Wed, 09 Feb 2022 20:04:39 +0000

I am one of those “archaic” insurance brokers the author refers to and an insurance broker that possesses about 30+ archaic years of construction risk and insurance knowledge. I guess knowledge has no value in the author’s digital mindset. As contractors do you really want your insurance coverage assembled by tick boxes and robots, or do you depend on skilled (albeit archaic) insurance professionals for advice and coverage placement? People that have been around the gatepost a few times over the years and have handled the insurance needs of numerous contactors, projects and most important of all, claims.
This article is very lean on detail about insurance coverage and how it works and ends up more just an advertisement.
I suggest that the readers refer to the CCDC 21 – Guide to Construction Insurance as it provides in-depth information in simple terms as to what is and is not covered by Commercial General Liability Insurance than this article.
There is also a really useful section of the guide that provides suggested criteria to use when selecting your insurance professional.
Wisely, CCDC adds no inference about 35% savings.
In fact, you will get so much more value out of the CCDC 21 Guide to Construction Insurance as it addresses almost every facet you ever needed to know about construction insurance.
Keep in mind that standard Insurance Conditions have changed. It would be prudent to pick up a copy of the new CCDC 2 and CCDC 41 for reference.
Thanks for reading,
An Archaic Insurance Professional
Member of the CCDC Insurance Documents Subcommittee.

Comments on: Insurance Essentials: Why commercial general liability insurance for contractors is important

By: Simon Fenn