Mold is an exposure that has been a game-changer for many insurance providers, and one that has changed the way insureds educate and protect their investments and reputation. Although concerns about mold are not new, the way businesses are working to prevent it and handle the risk have certainly shifted. Here are some mold insurance claims:

  • A mechanical contractor installed a heating, ventilation, and air conditioning system in a new commercial office building. After three years, mold and mildew growth caused the release of airborne bacteria throughout the entire building, resulting in poor indoor air quality. Claims against the contractor for bodily injury and loss of property use exceeded $500,000. In addition, the contractor was responsible for decontaminating the HVAC system.
  • Two tenants of an apartment complex alleged toxic mold and fungi caused their asthma, bronchitis, cognitive deficits and impaired function of their immune systems. A Delaware jury awarded over $1 million in damages; however the award was reduced to $818,390 after issues of comparative negligence were taken into account.
  • A couple claims a loss of business and bodily injury due to growth of toxic molds in a rental space leased from the defendants interior design business. The husband and wife claimed economic damages in excess of $1.8 million and general non-economic damages of an additional $3 million.

To request more mold claim scenarios, please contact us.

While the coverages we offer are designed to address these general issues, we make no guarantee or warranty that any individual policy we offer will respond to all issues as described herein. Please refer to the actual policy wording in each offered form to determine coverage applicability and acceptability. In the event your client applies for coverage and we offer terms, please review those terms carefully to determine if all of your client’s exposures are being addressed. In some instances, more than one policy or type of coverage may be necessary.