Randy Emery

Randy Emery is vice president and surety division manager at The Buckner Company, Salt Lake City, Utah. For more information, call (801) 937-6700 or visit buckner.com.

Contact:

GC Liability InsuranceMore Like This

Construction Executive's Risk Management eNewsletter

Construction contract documents are more frequently stipulating $2 million single occurrence, $4 million aggregate general liability policy limits verses the more common $1 million single, $2 million aggregate limits held by the vast majority of contractors. While the higher limits provide more coverage than a traditional policy, it’s important to also consider an umbrella or excess liability policy. The general consensus in the insurance industry is a $1 million/$2 million policy with the appropriate endorsements and a supporting excess liability policy can provide equivalent coverage to a $2 million/$4 million policy. Continue »