Law360, New York (August 08, 2012, 1:17 PM ET) -- After major construction accidents, developers and contractors understandably shift into high gear in an effort to get the project moving forward again. At the same time, however, care must be taken to preserve the right to recover under insurance policies and bonds, and to pursue claims effectively.
By following a few basic tips, insureds can recover the benefits they need to prevent an accident from causing financial ruin.
1. Identify All Insurance Policies that Might Provide Coverage
After a construction accident, all of the parties on...