Insurance Group of Nevada Blog
Nevada contractors face a variety of risks and exposures with basic general liability coverage may not provide coverage with environmental exposures.
The following claim scenario has not been proven to be correct, but rather serves as an example how environmental exposures can devastate a company financially.
Two years after the completion of a new high school, it was determined that the window system used during construction was allowing water to infiltrate the building. Mold was discovered. Faulty installation was part of the issue. The cost to remediate the problem was shared by the general contractor and the manufacturer of the windows. The sub-contractor who installed the windows was no longer in business. The general contractor did not have pollution coverage for mold and paid over $900,000.
Insurance Group of Nevada is a local independent insurance broker that has access to multiple insurance markets to provide the coverage that you need for your business.