Insurance Litigation in McKinney, TX

Commercial & Contractor General Liability Insurance

General liability insurance, sometimes called commercial general liability (CGL) insurance or contractor general liability insurance, is a class of insurance that provides liability protection to businesses in the case of bodily harm or property damage during the course of business. Insurance providers create various versions of these policies available to professionals in construction and for construction projects. Whether you are the property owner, a construction company, or a contractor, liability insurance policies are available to protect policyholders from unnecessary risk.

General liability insurance policies will usually cover a broad range of damages, including:

• Faulty workmanship
• Job-related injury
• Advertising injury / defamation
• General liability insurance policies are available through various providers for the following types of businesses:
• Residential general contractors (RGC)
• Developers
• Remodelers
• Light commercial general contractors
• Trade / specialty contractors (HVAC, electrical, plumbing, etc)

Like Builders Risk and other types of insurance coverage, certain exclusions are likely to be defined in the policy, protecting the insurance company from having to cover certain types of damages or incidents.

Errors & Omissions Insurance / Professional Liability Insurance

Errors and omissions insurance, also known as professional liability insurance, is a type of insurance offering that provides coverage for businesses against claims arising from errors or mistakes in their work. For example, if an engineer makes an error when calculating the structural requirements for a building, which later causes the owner to have to make costly repairs down the line, the owner might sue the engineer to recover the costs. In that case, the engineer’s E&O policy might cover the claim.

Commercial Auto/Truck Insurance

Commercial auto insurance, or commercial vehicle insurance, is not exclusively available for construction projects. It is insurance intended to provide auto insurance to vehicles used by businesses. The coverage provided by commercial auto insurance is intended to help policyholders avoid high vehicle repair costs, medical expenses, or lawsuits resulting from auto accidents.

There are several coverage options for commercial auto insurance policies that mirror the coverage options of standard auto insurance policies. The standard coverage options include:

• Liability Coverage – This protects the company and employees from expenses associated with accidents caused by employees.
• Physical Damage Coverage – This covers damages to company vehicles after a covered collision. This could also include comprehensive coverage, which protects against stolen vehicles, damaged from vandalism, or destruction from natural disasters.
• Medical Payments Coverage – This coverage helps to pay for injury-related expenses resulting from a covered incident, including medical bills, hospital fees, ambulance costs, and funeral expenses.
• Uninsured Motorist Coverage – This type of coverage covers damages and injuries caused by uninsured drivers. This is necessary because it is your personal liability coverage that covers damages and injuries that you cause to others. If you get into an accident with someone who does not hold this coverage, you still want to be covered from high medical or repair costs.

Inland Marine Insurance

Inland marine insurance is another broad class of insurance that spans well beyond the construction industry. Inland marine insurance coverage has evolved to cover many types of property, including property in transit, mobile equipment, property in the custody of a repairman or storage facility, property commonly used in different locations, and even computer equipment and digital information. For the construction industry “inland marine insurance” applies primarily to the tools and equipment used by contractors and developers. For this reason, in construction industry, it’s commonly referred to as “tool and equipment insurance” or “contractor equipment insurance”.

These insurance policies cover many types of property used by construction professionals, contractors, and developers, including:

• Contractor’s tools, equipment, clothing, and supplies (hammers, drills, generators, electric saws, wood, drywall, etc.)
• Mobile equipment (excavators, forklifts, loaders, cranes, etc.)
• Leased or borrowed equipment (leased tools or mobile equipment like electric generators and forklifts)
• Computer equipment and data (laptops, tablets, private project data)

Workers’ Compensation Insurance

Workers’ compensation insurance, also known as workers’ comp or workman’s compensation, is insurance coverage designed to protect businesses and contractors when their employees are injured while on the job. It does this by covering the following costs after a covered incident:

• Medical expenses
• Missed wages
• Ongoing recovery costs related to an injury
• Legal fees when an injured person sues the policyholder
• Funeral costs and death benefits

Workers’ compensation insurance spans beyond just the construction industry, but it is an important piece of coverage for developers and contractors who plan to employ others who stand any chance of injury on the job.

Construction insurance litigation is highly complex and litigation cases are costly and protracted. The attorneys at J Lowe Law are ready to handle your complicated construction insurance litigation issues (first-party coverage, third-party coverage, etc.) by using our strong legal counsel to advocate for your best interests. Whether it be a coverage dispute or other insurance issue, the attorneys at J Lowe Law are here to assist you every step of the way.