Professional liability and the statute of repose

  • Posts: 1
    Posted on 04/25/2012
    gparker
    Has anyone encountered contract langugage that deals with an insured's requirement to maintain both (a) completed operations and (b) professional liability coverage for a period equal to a statutue of repose (normally 8-10 years)?   If so, could you share with me that contract language as we have a couple of large general contractors that want to incorporate this language into their submittal to their corporate attorney for review.   THANKS!!!!

    Greg
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