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Oakbridge Insurance: What Builders Need to Know About Risk Management
A home builder can finish a community, turn over the homes and move on to the next project, only to face a construction defect claim years later. Without the right insurance protections, that claim can become a costly problem.
For home builders and developers, insurance is becoming more complicated as premiums rise, coverage requirements tighten and construction defect litigation creates additional uncertainty. With profit margins already under pressure, understanding where risks exist and how to address them is an increasingly important part of running a business.
McCay Bowdoin, president of…
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