Recent Posts by ria

COVID-19 AND YOUR LIABILITY – BACK TO NORMAL?

If you’re a member builder of RWC and you have general liability insurance provided through the RWC Insurance Advantage, you have the peace of mind that comes from knowing your major structural warranty claims and your third party liability claims are insured by one company.  Separate warranty and liability companies will sometimes fight each other over who has the claim.  Our January 2018 blog “IS IT A LIABILITY LOSS, OR IS IT A WARRANTY CLAIM?”…
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CORONAVIRUS

We at the RWC Insurance Advantage, like everyone, are most concerned about the pandemic known officially as COVID-19.  We think we have a responsibility to make our insureds aware of steps they can take to minimize exposure for themselves, their employees and subcontractors and their customers.  While everything in this blog has been said, we think it bears repeating.  Therefore, this month’s blog is devoted to steps you can take to prevent the spread of…
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BUILDERS RISK – WHAT’S IN A NAME?

I don’t want to insult anyone’s intelligence, but there’s a misunderstanding that  has come up more than once and we need to make things clear:  Builders Risk does not insure your liability to members of the public.  Clear as mud, right?  Well, don’t shoot the messenger.  Whoever came up with the name “Builders Risk” must not have thought about how anyone other than an insurance person would think.  It sounds simple.  If you’re a builder…
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COPYRIGHT INFRINGEMENT – A MODERN FABLE

Some true stories sound like an Aesop fable, but this actually happened.  The names and some facts have been omitted or altered to protect the innocent: Once upon a time there was a builder who journeyed to a distant state where there was a trade show.  At the show he saw the design plans to a beautiful home.  He could have purchased the plans from the builder who owned them for a pittance, but he…
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COMPANY HOLIDAY PARTIES – EXTREME CAUTION REQUIRED!

It’s that time of year again!  Time to take stock, give thanks, celebrate with friends and family…and be named in a host liquor liability lawsuit!  Nobody wants to be reminded that alcohol and gasoline don’t mix, but reality doesn’t take a holiday.   The U.S. National Institute on Alcohol Abuse and Alcoholism (NIAAA) reported that 40% of traffic-related deaths during Christmas and New Year’s involve drunk drivers – 12% more than the rest of the month…
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BULLDOZERS, SKID STEERS AND SCISSOR LIFTS – OH MY!

In the Wizard of Oz Dorothy and her friends were afraid to follow the yellow brick road through the forest.  They imagined the awful things the “lions and tigers and bears” might do to them.  What do skid steers, scissor lifts and bulldozers have to do with Oz?  Nothing. Its Halloween.  Work with me.  Like most general contractors, you probably don’t own much mobile equipment.  You rely on your subcontractors’ equipment and expect them to…
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SLANDER! LIBEL! – THINK BEFORE YOU POST

Show of hands.  How many know what Personal and Advertising Injury is?  Don’t feel bad if the answer doesn’t spring to mind.  You have coverage for it with its own limits in your RWC Insurance Advantage General Liability policy.  And if you advertise in any form of social or public media, you’ve got risk.  Story time:  A large national builder buys land in your area and puts up a lot of cookie cutter homes priced,…
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FLOOD

Here’s a true story.  The name of the builder has been omitted to preserve privacy. Back in 2012 we sold a Builders Risk insurance policy to a builder in New Jersey.  The project was near the coast.  Flood insurance could have been added to the policy, but the premium was a bit stiff given the proximity of the Atlantic and the fact it was still hurricane season.  This builder’s project was just getting underway.  A…
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WATER, WATER EVERYWHERE AND NOT A DROP TO DRINK

Ever hear that old expression?  Its about being surrounded by an ocean of water that you know you can’t drink.  Add a few sharks and it’s not a very pleasant thought.  Well, home builders are surrounded by people wanting to buy homes, but few can afford them.  When you do find a buyer, how often have you been faced with a shortage of skilled labor or skyrocketing materials costs?  We share your frustration.  We find…
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HOLD HARMLESS AGREEMENTS – IF THEY’RE HARMLESS, WHY WORRY?

Ok.  I know.  The only thing more boring than insurance is talking about contracts, but we really need to discuss this.  So listen…please.  As a general contractor, you work with many independent subcontractors.  If you’re smart, you have written contracts with each.  If you’re really smart there’s a hold harmless agreement in those contracts that says something like “subcontractor shall indemnify, defend and hold harmless general contractor against all claims for property damage, bodily injury, including…
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