Insurance and Alternatives by Jeffrey G. Gilmore and Karen E. Harrison Insurance coverage can protect builders from financial ruin when they are faced with large claims. Construction projects can generate many types of claims, ranging from personal injury and property damage to delay damages. Contractors should carry several types of insurance to cover these various types of liability. Insurance for construction projects, however, is increasingly expensive and difficult to obtain. Types of Insurance Policies A construction project should be covered by comprehensive general liability insurance. The coverage will vary from insurer to insurer. This article covers just a few of the uninsured loss can be included in the bid. Alternatives to Insurance To Cover Liability "Indemnification" and "statutes of repose" offer alternatives to insurance coverage. But don't
