INSURICA Construction Times

Keeping you ahead of the risks and challenges unique to your industry.

Winter 2022-23

Let us suppose that you are a plumber, digging a trench for pipes, and you sever a fiber optic cable in the process.  The General Liability policy includes ‘Underground’ coverage for damage to the Fiber Optic cable [tangible property].  However, it does NOT provide coverage for the loss of information [intangible property], or the loss of income that the third party may have endured due to loss of internet access.


Construction Sites and Attractive Nuisances

Attractive nuisances are man-made conditions on your property, vacant site or active site after-hours that draw trespassers. If children trespass on site due to these conditions, the general contractor on the site can be held liable for any injuries they sustain.

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A businesswoman is showing a padlock between her fingers at the wireless connections foreground. The concept is private data liability.

Electronic Data Liability

You already know that your General Liability policy excludes ‘intangible’ property.  That is why you had to buy a cyber liability policy.  That policy may not have covered all of the ‘gaps’ in coverage possible by Exclusion P – Electronic Data that is included in the General Liability coverage form.

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Keeping U in Mind: Managing Your Fleet Risk in 2023

With rising insurance premiums, successfully managing fleet risk should be a top priority as we enter a new year. The Occupational Safety and Health Administration (OSHA) stated that most road related fatalities occur on highways where there are seat belt requirements and traffic laws, between the hours of 7 a.m. and 4 p.m. Additionally, the U.S. Department of Transportation National Highway Traffic Safety Administration (NHTSA) 2020 annual traffic crash data reported over 38,000 fatalities related to U.S. traffic crashes, and this creates a serious conundrum for insured and insurers alike.

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