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Home » Topic » Risk

Construction Lien Waiver Provisions Contractors Should Be Using

by Jason Lambert | Sep 30, 2019
Contracts | Insurance | Legal and Regulatory | Risk | Risk Management | Safety | Total Human Health

Not all lien waivers are created equal. While lien waivers include a release of liens, they can also include language on payment to lower-tier subs, indemnification and defective work.

Controlled Insurance Programs on Construction Projects

by Edgar Alden Dunham IV | Sep 23, 2019
Business | Insurance | Project Delivery | Risk

Developers, contractors and subcontractors who aren’t familiar with WRAPs or CIPs should know what they are as they may encounter them on more moderately-sized projects.

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

by Adrian Q. Oddi, Ken Chapman | Sep 16, 2019
Contracts | Insurance | Legal and Regulatory | Risk | Surety Bonding

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

How Contractors Benefit From the Surety Bond Guarantee Program

by Greg Angel | Sep 10, 2019
Risk | Risk Management | Surety Bonding

The SBA Surety Bond Guarantee program can help small and emerging contractors jumpstart their business and remain competitive in the public and municipal sectors.

Resources for Contractor License Requirements

by Eric Weisbrot | Sep 8, 2019
Legal and Regulatory | Regulations | Surety Bonding

Contractors must be licensed in most states. The first step in obtaining a contractor’s license is recognizing requirements that may include a background check, training or education requirements and ability to obtain a surety bond.

Three Tools for Proactive Risk Management: Contracts, Fluent Dialogue and Change Management

by Kristine A. Kubes | Sep 2, 2019
Contracts | Risk Management | Safety

Risk management is much more than insurance. A prudent construction executive will utilize the following three strategies for proactively managing risk and protecting the company’s right to payment.
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