The insured was the reinforced steel contractor for a hotel project.
An employee of the insured slipped on a patch of ice and fell from the first floor of the hotel under construction to the basement below. The employee sustained multiple fractures to his feet and legs. The New York Labor Law applied and the insured also had a contractual obligation to defend and indemnify the owner, the General Contractor and the Concrete Contractor. The claim settled at mediation for $4.5m and the policy contributed $1m, of which $750,000 was reinsured on an Excess of Loss basis.
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued.
For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, click here.
