Insurance,
Construction
Nov. 9, 2022
Insurance contract terms can push its coverage off a cliff
Guastello highlights the important difference between "claims-made" and "occurrence-based" insurance policies.
Garret D. Murai
Partner
Nomos LLP
Garret is the editor of the California Construction Law Blog at www.calconstructionlawblog.com.
When it comes to construction contracts, the "big three" are scope, time and price. Or, in other words, what it is you are supposed to do, when you are required to do it, and the price you are going to charge. However, nearly as important are the insurance provisions of construction contracts. In Guastello v. AIG Specialty Insurance Company, 61 C...
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