The S.C. Court of Appeals recently applied the “your work” exclusion in a declaratory judgment action arising out of a construction defect suit to find the policy did not provide coverage. In Precision Walls v. Liberty Mutual Fire Insurance Co., Op. No. 5250 (S.C. Ct. App. filed July 23, 2014), the insured subcontractor contracted to… Continue Reading
S.C. Court of Appeals Finds D&O Endorsement Excludes Coverage for Defective Construction Claims
A D&O endorsement excluded coverage for claims alleging damage to other property as a result of defective design or construction. According to a May 8, 2013 opinion of the S.C. Court of Appeals, coverage for allegations against the insured for breach of fiduciary duty, however, was not excluded. In Pulliam v. Travelers Indemnity Co., individual… Continue Reading
