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Home » Topic » Risk

CGL, Builders Risk Coverage and Exclusions When Construction Defects Cause Property Damage

by Jeffrey Cavignac | Apr 23, 2021
Business | Business Risk | Insurance | Project Delivery | Risk | Risk Management

When physical damage to property is caused by defects or defective work, do CGL and Builders Risk policies cover the damage? It depends…

Strategies for Resolving Disputes Arising Mid-Project

by Mackenzie Bell, Shoshana Rothman | Apr 23, 2021
Dispute Resolution | Legal and Regulatory | Surety Bonding

When disputes arise in the midst of a project, contractors should explore alternative dispute resolution methods that can help save time and money–along with relationships and the project itself.

Is a State-Specific Workers’ Compensation Policy Enough?

by Steve Stramara | Apr 21, 2021
Insurance | Risk | Risk Management | Workforce

Contractors may need to comply with the little-known Longshore and Harbor Workers’ Compensation Act, which applies to companies working on or over navigable waters in or adjacent to the U.S.

Prequalify Customers to Reduce Credit Risk as Bankruptcies Rise

by Lori J. Drake | Apr 21, 2021
Accounting | Business | Business Development | Finance | Risk | Risk Management

Contractors can protect themselves from potential credit risks by prequalifying potential customers and closely following their credit policies to collect payment.

Using the STOP Principle to Keep Workers Safe

by Michael Schaeffer | Apr 20, 2021
Risk Management | Safety

The inverted STOP mindset (people/organization/technology/substitution) goes beyond safety equipment. It assesses safety wholistically and practically for workers and the construction site.

The ‘Safety Technology’ in Safety Technology Tools

by Raffi Elchemmas | Apr 16, 2021
Risk Management | Safety

Manufacturers recognize that the ramifications for injuries on the job impact more than just the worker—they also have a domino effect on the company itself. Therefore, these manufacturers are actively developing and implementing new safety technologies into tools.

Key Legal Considerations for Modular Construction Contracts

by Frederick E. Hedberg | Apr 15, 2021
Contracts | Insurance | Legal and Regulatory | OSHA | Surety Bonding

Modular construction projects involve complex commercial and legal issues that should be considered when drafting contracts. ConsensusDocs 753 addresses key issues of these hybrid transactions.

Prepare for the Worst and Get Paid by a Debtor in Bankruptcy

by An Nguyen | Apr 15, 2021
Insurance | Risk | Risk Management

Rather than reacting to a bankruptcy filing after the fact, contractors with an understanding of their rights and remedies can take steps now to help protect themselves later.
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