
them, their employees and agents "insureds" under your policy and triggering the "cross-liability" exclusion. Now if any of those people get hurt and sue you, the policy does not provide coverage. Makes you wonder why you purchased that policy in the first place doesn't it? One of the most common problems that contractors run into when an injury occurs is that they failed to get written indemnification agreements from all of their subcontractors and/or they failed to get named as an additional insureds under their subcontractors policies. Under almost all policies issued in New York, this will result in a denial of coverage. Your
Of course there are only a few situations where you could end up with no coverage. They simply highlight the importance of understanding your insurance policy and making sure that you have the proper insurance to protect your business. For that reason, it is always a good idea to send your insurance policy to your attorney to have it reviewed to make sure that you understand what you are covered for. In some instances you can get certain exclusions removed before you start a job if you know that the exclusion could be a problem. In other situations it may just be best to get a different policy, one that actually protects your interests rather than taking your premium and giving you nothing in return!
Vincent T. Pallaci is a New York construction lawyer. He can be reached at vtp@nyconstructionlaw.com
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