Bill > A1077

This bill mandates that commercial liability insurance policies, which are contracts covering damages for property damage and bodily injury for contractors and other construction professionals, must define "occurrence" to include property damage or bodily injury that results from faulty workmanship, meaning defects in the quality or execution of construction work. This change applies to policies issued, delivered, or renewed in the state after the bill's effective date, which is 90 days after enactment, and it does not prevent insurers from including other exclusions in these policies.