A utility contractor faces potentially significant hazards when it accepts the contractual obligation to indemnify a party. It is not uncommon for a utility contractor to fail to properly understand either the complete scope of an indemnification provision or the extent of the financial risk it is allocating to itself via an indemnity provision.
CNA, a NUCA Diamond National Partner, recently unveiled its newly transformed website, www.CNA.com — innovating the property and casualty insurance sector both in design and market approach. “We listened to our customers and reinvented our site to provide them with a better online experience,” said Tom Motamed, Chairman and Chief Executive Officer.
Faulty workmanship is a risk that specialty contractors, such as utility and excavation contractors, face with each project they take on. Problems can come from a variety of factors and often take years to arise. For this reason, utility and excavation contractors need insurance coverages built for their unique exposures.