Insurance

AIA’s New Insurance and Bonding Exhibit Creates Flexibility

by Kenneth W. Cobleigh | Aug 26, 2017
Insurance | Risk | Surety Bonding

To keep up with legal and practice developments, the American Institute of Architects has put together a comprehensive set of revisions to its 2017 owner-contractor agreements.

Invest in Wildfire Protection Techniques to Reduce Insurance Costs

The increased risk of property loss due to fire damage and the growing costs of fire damage mitigation incurred by businesses have defined the fire protection sector during the past three years. As the number of wildfires and value of losses have skyrocketed, the costs to protect properties have increased, especially for the most vulnerable firms in high-risk areas.

Hire Reliable, Well-Schooled Subcontractors to Reduce Risk

by Construction Executive | Aug 21, 2017
Insurance | Risk | Risk Management | Workforce

Few general contractors can successfully complete projects on time and within budget without the help of reliable subcontractors. Never underestimate the potential harm and disruptions posed by under-skilled, unreliable and under-insured subcontractors.

Understanding Defense, Indemnification and Coverage Clauses in Subcontractor Agreements

by Construction Executive | Aug 21, 2017
Insurance | Legal and Regulatory

Most subcontractor agreements contain defense, indemnification and coverage clauses, which are important to protect the general contractor. Yet most contractors do not understand how these provisions work and may use those terms interchangeably, when in reality they are different legal provisions.

Five Steps Contractors Should Take Before Disaster Strikes

by Construction Executive | Aug 15, 2017
Insurance | Risk

A business continuity plan can ensure that an organization’s critical business functions will continue to operate despite serious incidents or disasters. Businesses with a formalized and tested business continuity plan have higher success rates of avoiding and recovering from disruptions than those that don’t.

Disaster Preparedness: What Contractors Need to Know to Prepare an Emergency Response Plan

by Construction Executive | Aug 15, 2017
Insurance | Safety

Several emergency situations, such as severe weather, fire or a hurricane, can severely disrupt business operations. Without an emergency action plan in place to handle unforeseen disasters, contractors run the risk of exposing their company to liability and damaging the business’s reputation.

Streamline Contractor Claim Investigations With Expedited Dispute Resolution Bonds

by Construction Executive | Jul 31, 2017
Insurance | Risk | Surety Bonding

Expedited dispute resolution bonds are a type of surety bond that provides protection to the obligee if the contractor defaults. An EDR bond combines the coverage options of a traditional performance bond with a streamlined claim investigation and adjudication process that helps address disputes quickly and keeps the project on track.

Overcoming America’s Infrastructure Problems with Public Private Partnerships

by Construction Executive | Jul 27, 2017
Infrastructure | Insurance | Markets | Risk

While P3s fill the financial void for funding much needed infrastructure projects, they can cause problems for those unfamiliar with their structure, reasoning and complex contractual terms. Contractors need to perform due diligence, define roles, implement safety nets and minimize the impact of potential risks with professional liability insurance products.

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AIA’s New Insurance and Bonding Exhibit Creates Flexibility

Invest in Wildfire Protection Techniques to Reduce Insurance Costs

Hire Reliable, Well-Schooled Subcontractors to Reduce Risk

Understanding Defense, Indemnification and Coverage Clauses in Subcontractor Agreements

Five Steps Contractors Should Take Before Disaster Strikes

Disaster Preparedness: What Contractors Need to Know to Prepare an Emergency Response Plan

Streamline Contractor Claim Investigations With Expedited Dispute Resolution Bonds

Overcoming America’s Infrastructure Problems with Public Private Partnerships

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