Risk

What Insurance Coverages Do General Contractors Need?

by Joseph Lalla | May 18, 2019
Cybersecurity | Insurance | Safety | Surety Bonding

A general contractor’s insurance needs can be complicated. A knowledgeable agent can help demystify the options, explain what to require from subcontractors and how to minimize risk.

How Surety Bond Claims Can Destroy a Contractor

by Eric Weisbrot | May 17, 2019
Dispute Resolution | Legal and Regulatory | Risk | Surety Bonding

To avoid a surety bond claim, contractors must know their limits, understand time and budget requirements for each project, and recognize the skills it takes to get the job done.

Professional Liability Insurance in Today’s Construction Industry

by Frank G. Murphy, Nicholas R. Maxwell | May 17, 2019
Insurance | Risk | Risk Management

Understanding the basic mechanics of errors and omissions professional liability policies and recognizing the impact of exclusions can avoid missteps that may leave a business exposed to costly, time-consuming negligence actions.

Protect Against Wood-Frame Construction Hazards With CPL Insurance

by Drew Rothman | May 14, 2019
Insurance | Markets | Risk Management

Contractors face a learning curve to overcome the safety, project management, structural, moisture and design challenges that can impact wood-frame projects. As a result, many use insurance forms to control wide-ranging pollution problems.

All About the Miller Act: Protections for Subcontractors and Suppliers

by Mary Bacon | May 13, 2019
Legal and Regulatory | Surety Bonding

The Miller Act requires general contractors to obtain payment bonds so that subcontractors and suppliers are guaranteed payment on federal projects.

Maximizing Contractor Capital for Increased Bonding Capacity

by Robert Mercado, William A. Clark Jr. | May 11, 2019
Accounting | Business | Risk | Surety Bonding

Many factors affect bonding capacity, but contractors have options that can enhance their capital position in order to maximize surety credit.

Pricing Risk in (and Out of) Construction Projects

Failure to trace the risk from the estimate through the turnover and startup phase of a project can lead to confusion, and worse yet, a failure by the project team to mitigate a risk identified at the estimate stage.

No Rest for the Weary: Project Completion Is the Beginning of Litigation

by Bob Fitzsimmons | May 1, 2019
Contracts | Dispute Resolution | Insurance | Legal and Regulatory

Post-construction litigation mirrors the complexity of the project. Contractors can face construction defect litigation and be served with a Notice of Opportunity to Repair years after project completion.

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What Insurance Coverages Do General Contractors Need?

How Surety Bond Claims Can Destroy a Contractor

Professional Liability Insurance in Today’s Construction Industry

Protect Against Wood-Frame Construction Hazards With CPL Insurance

All About the Miller Act: Protections for Subcontractors and Suppliers

Maximizing Contractor Capital for Increased Bonding Capacity

Pricing Risk in (and Out of) Construction Projects

No Rest for the Weary: Project Completion Is the Beginning of Litigation

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