A New Day Dawns – Optimism, confidence and success is the mantra for New Day Underwriting Managers.

While commercial construction liability has always been a concern to the discerning and conscientious contractor, many other liability issues have also entered the arena as the boundaries that commonly separated the responsibilities of contractors, architects and other building professionals are eliminated.

Supplement professional liability insurance with owner-specific indemnity coverage

Pollution Liability Insurance Lowers Commercial Contractor Risks

More projects are using IPDs to reduce errors and save money and time. But they don’t always fit with traditional professional liability insurance tools.

New Day’s Mitch Cohen discusses managing today’s environmental construction risks in his article published by Constructor Magazine.

New Day’s Joseph Nawa discusses Preparing for a Professional Liability Insurance Renewal in this Construction Executive article.

New Day’s Jeff Slivka provides a Market Update for Contractors Professional Liability.

In his recently published article, “The Risks of Public-Private Partnerships,” Jeff Slivka discusses the complexity and risks involved with P3 projects and why and how professional liability insurance products should be considered for such projects.

As a project owner, it is extremely imperative to require evidence of professional liability (PL) insurance from the construction firm you hire to design and build your project. However, when you do this, what are you trying to accomplish?

The world of sustainable construction is constantly evolving with the introduction of new green construction products and the rising interest in Leadership in Energy and Environmental Design (LEED)-certified projects. Approximately 20 different states have green buildings codes with a new array of “eco-friendly” products seemingly being introduced every day. As a result, we are now seeing a rapidly changing climate of professional liability for architects, engineers, and contractors surrounding new “green” exposures.

Environmental liability concerns can serve as major deal breakers during commercial real estate sales and transfers. While sellers want freedom from environmental liability issues after the sale, buyers want to avoid the many challenges associated with contaminated properties.

For example, a shopping center was recently purchased from an owner who had held the complex for approximately five years. After the transaction was completed, the new owner implemented a property expansion and capital improvement project. During construction, contaminated soil and groundwater were discovered as a remnant from a former dry-cleaning operation.