Looking Past the Workers’ Comp Premium
When choosing a workers’ comp carrier, consider costs but don’t overlook how carriers historically handle claims and their reserving practices (how much is set aside to pay claims).
The Right Endorsement: Additional Insureds
Adding other parties as an additional insured on a general liability policy is popular. ISO’s versions of the standard endorsements, CG 20 10 and CG 20 37, are not always advantageous to additional insureds, especially in construction.
Beware of Indemnification Clauses
A number of options and risk management techniques can be utilized to help mitigate the liabilities inherent in indemnification clauses.
Constructing an RMIS Solution to Meet the Demands of a Growing Construction Industry
With cutting-edge technology becoming more mobile, less expensive and more accessible, the introduction of a risk management information system (RMIS) is becoming a reality.
A Word to the Wise: The AIA Revised Contract Documents Could Lead to New and Unanticipated Risks – Part I
Revisions to the AIA A201 could lead to significant cost increases and shift liability among parties. Part I looks at general conditions and revisions that affect owner’s and contractor’s required insurances.
Perspectives on Dealing With Indemnity Clauses
Indemnification provisions, the use of additional insured provisions, and the various duties to defend and indemnify must be carefully considered when entering into contracts with other parties.
Owner-Controlled Insurance Programs: A Primer
OCIPs can lower project costs and can be a profit center for the developer or general contractor. However, everyone, including subcontractors, must understand coverage and obligations under the contract.
Battling the Latest Wave of Construction Litigation Trends
Liability claims are trending upward with the dearth of experienced construction workers and blurred lines of responsibility between design and contracting, resulting in an environment that mandates a disciplined approach to the design team relationship.
