Dive summary:
- The Insurance Services Office (ISO) is an industry group that provides standard-language forms used in insurance coverage for contractors, and there have been significant changes for commercial general liability policies.
- Sometimes the changes will benefit contractors, Frank Armstrong, senior vice president and national director of construction claims for Willis North America, said. Sometimes they may not.
- Changes also could be invitations to legal actions, and contractors are ultimately responsible for understanding what coverage they have and what coverage they may only think they have.
From the article:
"There are more words than before, and that tends to create areas ripe with conflict." ...