As investment in green construction grows, insurers are increasingly being called upon to create coverage enhancements to address the new range of underwriting and risk management exposures in climate-friendly buildings. This also means new sales opportunities for producers–as well as a new class of property risk exposures about which they must be aware.
With the potential for "green" tax credits under the Obama administration's newly approved stimulus package, the greening of construction has renewed interest and may grow into a more significant portion of the construction industry's projects.
What kind of new and different property exposures could a green building pose? There are several insurance exposures and coverage issues previously not contemplated under traditional commercial construction.
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