Coverage for “Social Engineering” losses is a growing issue in the crime and cyber insurance spheres.  Social Engineering losses include a broad category of frauds perpetrated using email communication, sometimes in combination with telephone discussions and other media.

One of the most important tools used by property developers and general contractors to limit their liability exposure for construction-related accidents is requiring “additional insured” protection from downstream contractors. In practice, developers and general contractors use additional insured status to transfer risk/liability from their own liability insurance policies to the liability policies held by their downstream contractors. This risk transfer, in turn, allows developers and contractors to reduce their overall exposure, resulting in premiums savings under their own insurance programs.