Indemnification: A Useful Tool for Allocating Risk in Construction Contracts
Indemnity agreements should ensure that the party intended to bear a certain risk is the one held responsible if that risk materializes.
Don’t Surprise the Surety: Streamline Payment on Bond Claims
Subcontractors filing a payment bond should make sure the surety knows that a claim has been made and work with the surety and the GC to resolve the claim prior to litigation.
Taming the Data Beast: Tips for Managing eDiscovery Challenges in the Construction Industry
Construction defect lawsuits require finding, collecting and sorting through terabytes of electronically stored information. Technology solutions allow visibility into the data and the ability to manage it.
Builders’ Risk: Covering Construction Liability
A comprehensive builders’ risk policy covers the interests of the property owner and contractors, as well as protects other insurable interests such as building materials, fixtures and equipment that could be damaged during construction.
Mitigate Health Risks Caused by Vibration Exposure
Vibration is an unavoidable constant in many workplaces; depending on their duties, workers can be exposed to hazardous levels on a frequent-enough basis that it causes long-term injury.
A Growing Space: Risks and Safety Benefits of Modular Construction
Modular construction eliminates weather delays and defects on the jobsite. As the modular construction space expands, smart contractors can minimize risk and maximize health and safety of the workforce.
Parametric Insurance: Mitigating Risk From Weather-related Events
Insurers can offer tailored solutions that allow contractors to manage the financial impact of adverse weather on revenues and costs. Parametric solutions cover a pre-defined event of a pre-specified magnitude.
2018 State Surety Bonding Legislation Review
State-enacted legislation in 2018 ranged from enabling contractors to post bonds when getting licensed to increasing their liability in bond claim cases.
