US developers of domestic homes and apartment buildings have often looked to Lloyds and the London market to insure their risk. These policies often span multiple years, multiple insurance towers and have long insurance ‘tails’ where claims can be submitted by the homeowners.
With developers building homes nationwide, and as part of large sub-divisions, the claims can be numerous.
CCM has experienced adjusters who are able to work with the insured and its insurers to oversee the program as a whole. CCM assess claim documentation and coverage, as well as monitoring accounting to ensure applications to the subject policies are applied correctly.
Given its scope and scale, the construction industry can see many types of claims arise, be it from the developer's perspective or that from the building artisan programs. This predoiminately includes construction defect and usually alleges damages from footings, subsidence throughout the homes to the roofs and with the close of escrow dates can trigger numerous policy years and also include:
- Disputes over quality of work/defective work / compliance / certification
- Defects to the building occurring or identified once construction is completed and / or become occupied
- Contractual disputes
- Claims relating to suspension of works
- Personal injury claims
Claims can be raised from homeowners, members of the public and regulatory bodies.
And, where claims do arise, they can have a detrimental financial and reputational impact should they not be handled correctly. Studies have also shown that incorrectly or inefficiently managed claims can result in unnecessary disputes and further claims.
When you need support for claims within the construction industry, Condon Claims Management provide the following services:
- Specialist claims handling
- Third-party administration
- Global medical assistance
- Offshore personal injury
- Legacy claims solutions
- Audits
Work with a team that’s been built to handle construction industry claims at the very highest level. Work with CCM. Contact us now for a free, no-obligation consultation regarding your requirements.