Insurance

The Insurance Market: What Contractors Can Expect in 2021

by Jeffrey Cavignac | Jan 5, 2021
Insurance | Risk Management | Safety | Surety Bonding

Due to increasing losses and poor investment returns, insurance rates for most lines are increasing, capacity is declining and underwriters are being selective on which accounts they will even consider.

Address ‘Your Work’ Exposure Within CPrL Policies With Faulty Workmanship Coverage

Faulty workmanship coverage may address “your work” exposure in contractors professional liability policies and protect against claims by project owners—but exclusions and strict conditions apply.

How Contractors Can Manage Runaway Insurance Costs

by Thomas A. Grandmaison | Dec 10, 2020
Insurance | Risk | Risk Management

Using data, tech and selecting best-in-class partners, contractors can keep insurance costs down and focus on excelling in their core business.

Be a Good Neighbor: How Contractors Can Protect Themselves From Third-Party Claims

Developers can protect themselves from claims for third-party damage through license agreements, intensive construction site monitoring and appropriate insurance products. These prevent costly and debilitating delays, and help maintain positive relationships with neighbors.

Natural Disasters’ Impact on Construction in the United States

by Crystal T. Dang, Robert S. Peckar | Nov 17, 2020
Insurance | Risk | Risk Management

As the frequency and severity of natural disasters increases, contractors should implement guidelines that anticipate disasters, review the impact of a disaster as it is happening, and develop a mitigation plan to limit losses.

Business Interruption Policies: Are COVID-19 Losses Covered?

Business interruption coverage provides coverage for loss of income or covered expenses. While in most cases, BI has not covered COVID-19 losses, there are glimmers of hope.

Beyond General Liability Insurance: Other Liability Exposures to Be Aware Of

by Jeffrey Cavignac | Oct 25, 2020
Cybersecurity | Insurance | Risk | Risk Management

While most contractors carry commercial general liability insurance, there are other liability exposures that construction companies should evaluate and consider.

Be a Good Neighbor: Techniques to Mitigate the Risk of Claims From Adjacent Landowners

Contractors can avoid legal claims using risk mitigation tools such as postconstruction assessments and monitoring during construction.

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The Insurance Market: What Contractors Can Expect in 2021

Address ‘Your Work’ Exposure Within CPrL Policies With Faulty Workmanship Coverage

How Contractors Can Manage Runaway Insurance Costs

Be a Good Neighbor: How Contractors Can Protect Themselves From Third-Party Claims

Natural Disasters’ Impact on Construction in the United States

Business Interruption Policies: Are COVID-19 Losses Covered?

Beyond General Liability Insurance: Other Liability Exposures to Be Aware Of

Be a Good Neighbor: Techniques to Mitigate the Risk of Claims From Adjacent Landowners

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