Faulty Workmanship: An Evolving Oddity in Contractors Professional Liability Insurance

A new insurance coverage is emerging in the Contractors Professional Liability (CPrL) realm – and it’s not related to professional services.  While offered by one pioneering carrier for over five years, over the past 18 months a handful of carriers have joined to create a viable market for “faulty workmanship coverage” where it previously did not exist. Faulty work coverage or faulty workmanship liability coverage is being offered more and more to plug the gap that many specialty trade contractors live with in their commercial general liability (CGL) policy. Read more…

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