Construction Today - November 2017 - 12

DISASTER RECOVERY
face a number
ยป Companies
of insurance and legal issues
following disasters.

THE AFTERMATH
T
Hurricanes shouldn't be the end for your projects. BY DANIEL A. KAPNER

his year's hurricane season - which
saw hurricanes Harvey, Irma, and
Maria causing widespread destruction in Texas, Florida, Puerto Rico
and the U.S. Virgin Islands - has caused
unprecedented damage and economic loss.
According to some estimates, the damage
may reach as high as $375 billion. Owners
of construction projects and their contractors should carefully consider certain legal
and insurance-related issues as part of their
recovery strategies.

Insurance Issues
Project participants should review all
property, casualty, builders risk, and
other policies as early as possible and
determine the availability and scope of
insurance coverage; identify the causes of

12

CONSTRUCTION-TODAY.COM NOVEMBER 2017

all potentially covered property damage,
for example whether damage was caused
by wind-driven rain, wind, storm surge,
a breakdown of flood protection systems,
and/or flooding from rain; and identify issues that may affect a policyholder's ability
to collect on a claim.
Insurance-related questions that project
participants should address include whether the project owner maintains coverage
for flood damage, for example through the
National Flood Insurance Program, and/or
for wind storm damage. The policyholder
will likely need to review how the policies
define key terms such as "flood," "wind,"
etc., to determine whether the language is
sufficiently broad to cover property damage
caused by these elements.
Other concerns should include whether

builder's risk policies are in place that cover
natural disasters; whether policies cover
any expected business interruption losses
caused by delays, or "contingent" business interruption losses, which are losses
suffered because a supplier or subcontractor
was delayed; and how project participants
will collect and preserve materials necessary to substantiate claims.
In addition, companies should determine
whether it is necessary to engage a forensic
accountant or other consultant - the cost of
whose services may be covered in a policy
- because specific specialized information
may be needed to develop a claim for
business interruption or other types of loss.
Project participants must also know how
to comply with notice requirements of the
relevant policies - which is generally a


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Table of Contents for the Digital Edition of Construction Today - November 2017

Contents
Construction Today - November 2017 - Cover1
Construction Today - November 2017 - Cover2
Construction Today - November 2017 - 1
Construction Today - November 2017 - Contents
Construction Today - November 2017 - 3
Construction Today - November 2017 - 4
Construction Today - November 2017 - 5
Construction Today - November 2017 - 6
Construction Today - November 2017 - 7
Construction Today - November 2017 - 8
Construction Today - November 2017 - 9
Construction Today - November 2017 - 10
Construction Today - November 2017 - 11
Construction Today - November 2017 - 12
Construction Today - November 2017 - 13
Construction Today - November 2017 - 14
Construction Today - November 2017 - 15
Construction Today - November 2017 - 16
Construction Today - November 2017 - 17
Construction Today - November 2017 - 18
Construction Today - November 2017 - 19
Construction Today - November 2017 - 20
Construction Today - November 2017 - 21
Construction Today - November 2017 - 22
Construction Today - November 2017 - 23
Construction Today - November 2017 - 24
Construction Today - November 2017 - 25
Construction Today - November 2017 - 26
Construction Today - November 2017 - 27
Construction Today - November 2017 - 28
Construction Today - November 2017 - 29
Construction Today - November 2017 - 30
Construction Today - November 2017 - 31
Construction Today - November 2017 - 32
Construction Today - November 2017 - 33
Construction Today - November 2017 - 34
Construction Today - November 2017 - 35
Construction Today - November 2017 - 36
Construction Today - November 2017 - 37
Construction Today - November 2017 - 38
Construction Today - November 2017 - 39
Construction Today - November 2017 - 40
Construction Today - November 2017 - 41
Construction Today - November 2017 - 42
Construction Today - November 2017 - 43
Construction Today - November 2017 - 44
Construction Today - November 2017 - 45
Construction Today - November 2017 - 46
Construction Today - November 2017 - 47
Construction Today - November 2017 - 48
Construction Today - November 2017 - 49
Construction Today - November 2017 - 50
Construction Today - November 2017 - 51
Construction Today - November 2017 - 52
Construction Today - November 2017 - 53
Construction Today - November 2017 - 54
Construction Today - November 2017 - 55
Construction Today - November 2017 - 56
Construction Today - November 2017 - 57
Construction Today - November 2017 - 58
Construction Today - November 2017 - 59
Construction Today - November 2017 - 60
Construction Today - November 2017 - 61
Construction Today - November 2017 - 62
Construction Today - November 2017 - 63
Construction Today - November 2017 - 64
Construction Today - November 2017 - 65
Construction Today - November 2017 - 66
Construction Today - November 2017 - 67
Construction Today - November 2017 - 68
Construction Today - November 2017 - 69
Construction Today - November 2017 - 70
Construction Today - November 2017 - 71
Construction Today - November 2017 - 72
Construction Today - November 2017 - 73
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Construction Today - November 2017 - 75
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Construction Today - November 2017 - 79
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Construction Today - November 2017 - 86
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Construction Today - November 2017 - 88
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Construction Today - November 2017 - 122
Construction Today - November 2017 - 123
Construction Today - November 2017 - 124
Construction Today - November 2017 - 125
Construction Today - November 2017 - 126
Construction Today - November 2017 - 127
Construction Today - November 2017 - 128
Construction Today - November 2017 - 129
Construction Today - November 2017 - 130
Construction Today - November 2017 - 131
Construction Today - November 2017 - 132
Construction Today - November 2017 - 133
Construction Today - November 2017 - 134
Construction Today - November 2017 - 135
Construction Today - November 2017 - 136
Construction Today - November 2017 - Cover3
Construction Today - November 2017 - Cover4
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