Insurance

Assignment of Benefits Agreements Are Subject to New Legislation

by Nate Budde | Sep 20, 2019
Insurance | Legal and Regulatory | Risk Management

When emergency repairs are required, an assignment of benefits lets contractors perform work and file a claim directly with the insurance company. Some states have implemented new regulations for AOBs.

Unlike Books, It’s Okay to Judge a Subcontractor by Its Cover(age)

by Brian C. Richardson | Sep 19, 2019
Dispute Resolution | Insurance | Safety

Creating and implementing a subcontractor prequalification program is not only prudent, but may be required by the GC’s CGL policy as a precondition to coverage.

Demystifying the Contract Surety Bond Process

Here is what contractors need to know about obtaining and expediting contract surety bonds and working with the right partner.

Managing Design-Build Risks From Design Through Construction

Design-build projects come with additional risks. Adherence to the contract and documentation guidelines can minimize risk and increase the success and profitability of the project.

Avoid Payment Bond Claims With These Six Tips

Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.

The World of Wrap-Ups and How Contractors Can Benefit

by Michael Alberico | Aug 17, 2019
Insurance | Risk Management | Safety

Before considering wrap-up insurance on a project, ask about benefits and risks, clarify misconceptions and know the keys to a successful wrap-up.

Captive Insurance: A Viable Strategy to Reduce Costs

Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure that a establishing a captive is a viable strategy.

Firming in the Construction Insurance Market

by David Bowcott | Aug 8, 2019
Insurance | Risk | Risk Management

As the insurance sector starts to firm, contractors can address risk factors with strong risk controls to prevent and mitigate risk.

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Assignment of Benefits Agreements Are Subject to New Legislation

Unlike Books, It’s Okay to Judge a Subcontractor by Its Cover(age)

Demystifying the Contract Surety Bond Process

Managing Design-Build Risks From Design Through Construction

Avoid Payment Bond Claims With These Six Tips

The World of Wrap-Ups and How Contractors Can Benefit

Captive Insurance: A Viable Strategy to Reduce Costs

Firming in the Construction Insurance Market

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