Construction Defect Coverage Matter
Can a carrier avoid hemorrhaging defense dollars when the defense obligation is triggered? With Hardiman & Carroll, the answer is yes. Hardiman & Carroll was asked to help a CGL carrier with a long history of bleeding defense dollars. Lauren O’Brien began handling what is a typical coverage situation. Namely, tenders from the named insured and additional insured regarding defects in a multi-phase housing development. Utilizing her understanding of the coverage issues presented and creative ideas, Lauren negotiated resolution of all claims against the named insured and all of the additional insured issues for a fraction of what the carrier had reserved for defense costs alone. Instead of experiencing the usual funding of the defense of the named insured and the additional insured until an indemnity settlement could be reached, the carrier was able to save both expenses and time. File closed.