File the claim – Court examines insurer’s duties under its policy

Description

Abstract: Insurance is important to any construction project. But contractors are often hesitant to file a claim if their odds of a favorable result appear slim. As one recent case shows, however, the effort to file a claim can pay off no matter what the result. At a minimum, contractors most likely can get their attorneys’ fees and court costs paid by the insurer. This article looks at the details, while a sidebar lists two specific protections a business should receive in exchange for its premiums.