Why insurance companies mandate jobsite inspections on construction sites to mitigate construction defect risk
Insurance companies mandate jobsite inspections on construction sites to help mitigate the risk of construction defects. These defects can range from minor issues, such as a crack in a wall, to major problems, such as a failure of the foundation. If not addressed, construction defects can lead to significant problems, such as costly repairs, delays, and legal disputes.
By conducting regular inspections of the construction site, insurance companies can help to identify potential defects and address them before they become major problems. This can help to prevent costly repairs and delays, as well as reduce the risk of legal disputes.
Another reason that insurance companies mandate jobsite inspections is to protect their own interests. If a construction defect is not addressed and leads to significant problems, the insurance company may be required to pay for the repairs, delays, and other damages. By conducting regular inspections, the insurance company can help to reduce the likelihood of construction defects, which can save them money in the long run.
Overall, insurance companies mandate jobsite inspections on construction sites to help mitigate the risk of construction defects. These inspections help to identify potential problems and address them before they become major issues, ensuring that the construction project can be completed successfully.