The London Engineering Group (“LEG”) and the cost of making good exclusions have been part of the fabric of builders' risk policies for several decades. It is remarkable how close the effect of the two exclusions is: the Cost of making good with an ensuing loss clause and LEG 3. As large heavy civil construction projects balloon in pricing and complexity, contractors and joint venture partners are increasingly turning to builders’ risk coverage to address complex and evolving risk on major projects. This brief webinar will provide an overview of some key builders’ risk exclusions, discuss recent court opinions interpreting the LEG 3 exclusion, and provide thoughts on how underwriting this coverage might be dramatically changing.

Speakers:   

• Angelia Wesch, Smith, Currie & Hancock LLP, Seattle, WA
• Dale Kingman, Gordon Tilden Thomas Cordell, Seattle, WA