Insurance is meant to serve as a safety net for any construction project. But too often, that net has holes—some visible, many not. From ambiguous endorsements to missing documentation, small oversights can lead to major coverage gaps when a claim hits.
After decades of reviewing policies, litigating claims, and helping clients manage project risk, one thing is clear: relying on “standard” forms or informal assurances can leave critical exposures unprotected. Instead, a proactive, detailed approach to insurance planning—before a shovel hits the ground—can make all the difference.
Below are five frequent insurance pitfalls, along with practical measures for safeguarding your project:
- Don’t stop at the COI – Certificates of Insurance often omit key exclusions. Request full policies and scrutinize all endorsements.
- One size doesn’t fit all – Tailor insurance limits to each party’s risk profile, especially for subcontractors with high-risk scopes.
- Monitor insurance coverage rigorously – Just as you would project schedules. Use logs and reminders to maintain documentation throughout and after construction.
- Be aware of reporting deadlines – Failure to meet notice requirements may void coverage. Ensure your team is informed of all relevant timelines.
- Confirm Additional Insured status – and make sure endorsements don’t cancel that coverage with hidden exclusions.
Comprehensive insurance planning may not prevent every issue, but it improves your protection when challenges arise.
Read the full article here for a deeper look at how to avoid common pitfalls and set your project up for success.