It’s Not All It’s Cracked Up to Be

Source: Berkley Construction Professional

A design-build contractor completed an apartment complex and the owner alleged that concrete cracking throughout the building and on numerous balconies severely impacted the owner’s ability to rent the apartments. It was  determined that the foundation design caused the cracking. Repairs had to be made and the owner also needed to be  compensated for lost rental income. The total amount to resolve this claim was $1.2 million.

Find a Broker or Underwriter

Search by product, location or name
https://www.insurancebusinessmag.com/us/best-insurance/best-wholesale-brokers-usa--5star-wholesale-brokers-and-mgas-478736.aspxhttps://www.newsweek.com/rankings/most-loved-workplaces-2024https://premium.insurancebusinessmag.com/us-iba-top-insurance-employers-2024-ryan-specialty/p/1

Please Update Your Browser

Unfortunately Microsoft is no longer providing support or security fixes for your web browser. RT Specialty values the safety and security of its clients’ data, and as such this site requires the use of a modern web browser. To update your web browser, please see the links below. If you have any questions or would like additional information, please email info@rtspecialty.com or call (312) 784-6001.

Firefox Firefox Chrome Chrome IE Internet Explorer Edge Microsoft Edge