Insurance

The Pitfalls of Oral Agreements in the Construction Industry

by Matthew A. Margolis | Jun 22, 2021
Contracts | Dispute Resolution | Insurance | Legal and Regulatory

Don’t make the mistake relying on an oral agreement instead of memorializing all project terms in writing. Having a written contract can help avoid misunderstandings and save time and money.

Be Prepared With Emergency Response Planning

Construction relies on constant on-site safety. Re-evaluating emergency action plans help reduce project risks—and construction sites—from start to finish.

Essential Business Preparations for Contractors Ahead of 2021 Wildfire Season

With planning and preparation, the effects of wildfires can be mitigated. Wildfires require a specific set of conditions to propagate; the key is confining those conditions.

Minimizing Employer Liability Related to COVID-19

The best defense to a COVID-19-related employment claim is a good offense. Contractors should stay abreast of ever-changing federal, state and local guidance, especially those targeted at construction.

A 10-Point Checklist for Transferring Risk

Establish the terms of contractual indemnification and additional insured coverage before a loss occurs. Here’s a checklist to help transfer risk from losses from a service provider’s mishap.

Construction Site Injuries: Avoiding and Limiting Liability

by Steven Gonzalez, Aaron Cohn | Apr 26, 2021
Contracts | Insurance | Legal and Regulatory

A general contractor's workers’ comp insurance may not cover sub-subcontractors or third parties. The right insurance needs to be in place, and proper risk management is key to get the full benefit of all insurance.

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…

Is a State-Specific Workers’ Compensation Policy Enough?

by Steve Stramara | Apr 21, 2021
Insurance | Risk | Risk Management | Workforce

Contractors may need to comply with the little-known Longshore and Harbor Workers’ Compensation Act, which applies to companies working on or over navigable waters in or adjacent to the U.S.

The Business of Construction

Business

Workforce

Culture

Safety

Risk

Legal & Regulatory

Markets

Technology

Equipment

SECTIONS

TOP LISTS

MAGAZINE

RESOURCES

CONSTRUCTION EXECUTIVE

The Pitfalls of Oral Agreements in the Construction Industry

Be Prepared With Emergency Response Planning

Essential Business Preparations for Contractors Ahead of 2021 Wildfire Season

Minimizing Employer Liability Related to COVID-19

A 10-Point Checklist for Transferring Risk

Construction Site Injuries: Avoiding and Limiting Liability

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

Is a State-Specific Workers’ Compensation Policy Enough?

Related Content

Repricing Risk: How Inflation and Tariffs Are Reshaping Construction Insurance

High-Risk Construction Projects Demand Specialized Insurance

Four Ways Builders Risk Coverage Is Reshaping Construction Risk Management

Construction Safety Risks Rise Amid Economic Uncertainty

Four Steps to Effectively Manage Rising Risk of Construction Liability Claims

How Insurers Lead the Way for Power Generation and Electrical Distribution Projects

Sections

Top Lists

Magazine

Resources

Construction Executive