General Liability Insurance and Mold Issues

3/31/2022 (Permalink)

Mold remediation in Heritage Hills, CO.

Mold Concerns and General Liability Insurance

Mold is a fungus that exists just about everywhere. If you own a building in Heritage Hills, CO, more than likely it contains trace levels of many different types of mold. Usually, this isn't a problem, but when moisture and warmth come into play, the mold can grow into unsightly colonies. Mold can damage materials if left for too long, and it can even cause health irritations for certain people. Mold insurance claims could be brought against your company for both property damage and for liability issues. To understand the extent of your coverage, you should speak with your insurance provider.

General Liability and Mold

Your commercial insurance covers you for many situations related to a mold claim. If you are sued, your insurance company should come to your defense. It might even provide some level of reimbursement if you are hit with an adverse judgment. However, coverage against mold insurance claims is not absolute, and could be nullified under certain conditions:

• Neglect
  
• Malice
  
• Incompetence
  
  

In other words, you must do what is reasonable to address mold in your buildings in a timely manner. Also, if complaints about mold have been ignored, your insurance company could have a reduced responsibility to defend you against lawsuits.

Mold Remediation

While mold can be difficult for an ordinary cleaning company, a mold mitigation franchise is experienced in treating mold outbreaks. The workers have the certifications and the equipment needed to restore a building to its pre-mold state. They do this by limiting the spread of microscopic mold spores, killing the fungus with powerful cleaning agents, vacuuming up the mold residue and disinfecting the impacted surfaces. A professional mold restoration treats all aspects of a mold outbreak and makes sure that another fungal outbreak will not occur. It reduces the chance of any health issues affecting your tenants, and it also reduces mold insurance claims for liability matters.