Insurance insight: if you can't find or afford adequate liability insurance, you're not alone.(The NAHB Research Center Corner) (National Association of Home Builders)(Brief Article)

Builder, December, 2003 by Sheikhli, Stephen

LIABILITY INSURANCE GIVES BUILDERS coverage for damages resulting from third-party claims such as bodily injury and property damage. In recent years, insurance coverage for builders has become dramatically less available, and builders are seeing enormous increases in premiums. In addition, the insurance industry has narrowed the scope of coverage for builders. In short, building professionals are confronting a nationwide liability insurance crisis.

Earlier this year, the NAHB Research Center conducted a roundtable with representatives from the home building and insurance industries to address insurance issues facing builders and to identify corrective measures for them, as well as specify steps for both industries to take advantage of the National Housing...