Firming in the Construction Insurance Market
As the insurance sector starts to firm, contractors can address risk factors with strong risk controls to prevent and mitigate risk.
OCIP And CCIP Insurance Overview
Confused about OCIPs and CCIPs? It’s when a project owner (OCIP) or prime contractor (CCIP) purchases a “master insurance policy” for a large construction project. Just be careful when relying on somebody else’s insurance.
Achieve the Best Possible Coverage Rates and Terms With Comprehensive Risk Profiles
Managing growth with a balanced view of a firm’s own talent and core service structure helps a best-in-class contractor avoid professional liability claims.
2019 Market Update Profiles Construction Industry Liability Trends and Challenges
A 2019 Market Update report predicts a stable commercial insurance market but foresees a rise in the frequency and severity of claims, especially within the hospitality, habitational, health care and energy sectors.
Insuring Against a Data Breach
Contractors are not immune from risks associated with cyberattacks and data breaches. Cyber events may result in litigation, so cyber insurance may make sense.
Effective Risk Control Programs: How Does Yours Stack Up?
Successful companies invest heavily in risk control programs, which focus on safety, human resources and claims management. Here's how to know if a company's program is on track.
What Insurance Coverages Do Subcontractors Need?
Most people wouldn’t go to a doctor who didn’t have the right insurance coverage. The same rings true for general contractors when hiring subcontractors to work on their projects.
Design-Build Trends, Challenges and Risk Mitigation
Design-build contractors with contractual responsibility for design and construction need strong contractual language and insurance programs to minimize risk exposures.
