Business Risk

CGL, Builders Risk Coverage and Exclusions When Construction Defects Cause Property Damage

When physical damage to property is caused by defects or defective work, do CGL and Builders Risk policies cover the damage? It depends…

Four Ways Contractors Can Preserve Financial Integrity, Working Capital

There are four common challenges that can negatively affect creditworthiness: liquidity, borrowing for working capital, positive cash flow and the workforce.

Protect Construction Finances by Controlling Occupational Fraud

by Matthew J. Boland | Apr 1, 2021
Business | Business Development | Business Risk | Human Resources

Establish protection and detection policies to limit exposure and losses by having zero tolerance for fraud. Swindlers will be more hesitant to commit fraud if they are being watched and sufficient controls are in place.

Sharing Fault: Architects and Contractors on the Line

by Patrick Barthet | Feb 4, 2021
Business | Business Development | Business Risk

In a number of jurisdictions, an architect can be held liable to a contractor if that contractor is damaged by the architect’s negligence. This is true even if the contractor and architect have no contractual relationship.

Contractors on Private Projects Also Need Bonding

Surety bonds can protect private construction project owners from contractor default, but general contractors should consider them as protection against subcontractor default.

A Solid Foundation: The Importance of Business Structure and Stability During Times of Uncertainty

by John Burns | Sep 22, 2020
Business | Business Risk | Risk | Risk Management

An operating or shareholder agreement is essential in the event of business interruption, departure and dissolution, or death. Not having one can result devasting wake of destructive litigation.

Don’t Be a Casualty of the COVID-19 Recession

Understanding cash needs, making cuts for efficiency, focusing on the best projects and protecting lien and bond claim rights can help contractors fend off the recession’s financial risk.

Addressing Cash Flow and Credit Impacts Related to COVID-19

Financial planning and projections will ensure a contractor’s compliance with banking requirements, maximize surety credit, as well as ensure growth and stability for future projects and profits.

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CGL, Builders Risk Coverage and Exclusions When Construction Defects Cause Property Damage

Four Ways Contractors Can Preserve Financial Integrity, Working Capital

Protect Construction Finances by Controlling Occupational Fraud

Sharing Fault: Architects and Contractors on the Line

Contractors on Private Projects Also Need Bonding

A Solid Foundation: The Importance of Business Structure and Stability During Times of Uncertainty

Don’t Be a Casualty of the COVID-19 Recession

Addressing Cash Flow and Credit Impacts Related to COVID-19

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It’s Time to Talk About Occupational Fraud

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