Risk
Builders’ Risk: Covering Construction Liability
A comprehensive builders’ risk policy covers the interests of the property owner and contractors, as well as protects other insurable interests such as building materials, fixtures and equipment that could be damaged during construction.
By Joseph C. Smith
November 23, 2018
Topics
Risk
by Joseph C. Smith
Joseph Smith, CIC, CPIA, CBIA, is a graduate of the University of Missouri, School of Business Administration, with a degree in Marketing Management. Joe has been involved in commercial insurance as both a broker and agent for more than 35 years. A co-founder of Georgetown, Joe has been active in the Building Industry Association (BIA) for more than 30 years and served for several years as the Chair of the Ambassadors. Joe has concentrated his insurance practice in the area of real estate developers, home builders and builders and owners of commercial property. He is a Life Director of the Board of Directors of the Maryland National Capital Building Industry Association (MNCBIA), and is active in the Associates Council, the Multi-Family Council and the 50+ Housing Council. He was the 2006 recipient of the Joseph C. Rogers Memorial Award as the Outstanding Associate Member. Joe has attained the designations of Certified Insurance Counselor (CIC), Certified Professional Insurance Agent (Life) (CPIAL) as well as Certified Builders Agent (CBIA).
Related stories
Risk
How Contractors Can Ensure Compliance With Security Measures for Concert Venues
By Grace Calengor
Safety and security may not sound very rock ‘n roll, but they are what ensure the show goes on. Despite contractors’ best efforts, sometimes initial safety and security designs don’t cover it all. Make sure your company knows what to do if it comes to litigation.
Risk
Top Three Impacts on Your Project's Critical-Path Method Scheduling
By Michael Pink
Getting your priorities straight is wise advice to follow, especially when working under the constraints of a construction project schedule and budget.
Risk
Deterioration of Bridge Infrastructure Is Increasing Insurance Needs
By Grace Calengor
An expert from CAC Specialty gives his insight into insuring bridge construction projects before, during and after natural disaster.