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Coverage Denied for Demolition in Error
February 7, 2006
5:48 PM
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January 12, 2006
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I see dead poeple... Surprised

February 7, 2006
12:34 PM
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October 7, 2005
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Funeral?? :D

February 7, 2006
12:07 PM
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January 12, 2006
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That's good news about the absolute liability. I haven't been on an implosion project in a few years, but I remember the insurance requirements being astronomical.

PS: I apologize for the redundancy in my last post; what other kind of home inspection is there except for residential? :confused:

February 7, 2006
11:33 AM
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I spent the better part of yesterday and all of this morning renewing our insurance policies (and it is still not a done deal). A couple of my clients require E&O coverage so I have to renew that as well. ( I think I would rather have teeth pulled then go throught this :( )
One silver lining to the black cloud is that demolition is no longer categorized as a "ultra hazardous" business. But whatever category you are in is pretty much is moot once you have a claim. You are going to take it in the shorts anyway.
On the implosion and blasting side of the things at least contractors don't have to work under "absolute liability" any more thanks to a couple of recent court decisions.. Under absolute liability a person is guilty until proven innocent

February 7, 2006
10:59 AM
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Too true. I carry it since I offer residential home inspection as a sideline, but I'm thinking about dropping it since I don't do that many inspections any more.

February 7, 2006
9:01 AM
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[font=Verdana]I don't know if it would be cover by errors and omissions insurance. As far as I know most demolition contractors don't carry this. I do know that the E & O Insurance is very expensive, but than again now a day, any insurance is expensive. [/font]

February 6, 2006
3:53 PM
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Wow. That's the wrecking man's worst nightmare.
I wonder if errors and omissions insurance would have covered this.

February 6, 2006
10:38 AM
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That is a very scary line.

But the main question should also be where the contract is? Seems kind of weird to me you would demolish some buildings just by a phone call. I would think an on-site meeting or something, and getting it in writing from the city what houses were to be demolished.

February 5, 2006
11:14 AM
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Yikes! Surprised Surprised
This line particularly caught my eye. "Unintentional harm inflicted on a third party is not an insurable occurence if the harm resulted from a deliberate act....."

http://www.businessinsurance.c.....leId=18290

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