A liability policy expires when a project finishes, but property damage is discovered months later. What should the contractor examine?
- AOnly the customer's current property policy
- BOnly the original bid's profit percentage
- CWhether the license bond pays every repair
- Applicable occurrence, completed-operations coverage, dates, and exclusions
Why D is correct
Coverage for later-discovered damage depends on the policy trigger, occurrence facts, completed-operations provisions, effective dates, exclusions, and notice requirements. The contractor should preserve facts and notify appropriate carriers promptly.