BUILDER'S RISK

In the expanding area of builder's risk coverage, our attorneys have been at the forefront of resolving construction oriented/ insurance coverage disputes. Titan Methanol was expanding its methanol production capacity through construction of additional equipment and machinery at is already existing Trinidad methanol plant. Titan Methanol's construction project was insured under a builder's risk policy which included an Endorsement for Advance Loss of Profits ("ALOP"). Certain covered losses during the course of construction delayed completion of the construction project and, therefore, delayed Titan's ability to generate profits from the facility. We represented Titan in the dispute that arose regarding the proper interpretation of the deductible provision under the ALOP coverage.

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