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Risk Management

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Home » Topic » Risk » Risk Management

Contractors on Private Projects Also Need Bonding

by Martin C. McCarthy | Jan 14, 2021
Business | Business Risk | Project Delivery | Risk | Risk Management | Surety Bonding

Surety bonds can protect private construction project owners from contractor default, but general contractors should consider them as protection against subcontractor default.

The Insurance Market: What Contractors Can Expect in 2021

by Jeffrey Cavignac | Jan 5, 2021
Insurance | Risk Management | Safety | Surety Bonding

Due to increasing losses and poor investment returns, insurance rates for most lines are increasing, capacity is declining and underwriters are being selective on which accounts they will even consider.

Evolution of the Standard of Care Due to Climate Change

by Andrew D. Mendelson, Dion N. Cominos | Jan 4, 2021
Legal and Regulatory | Risk Management

Risks are inherent in every construction project, but are more pronounced within projects lacking the design resilience needed to withstand increasing changes in climate conditions.

Address ‘Your Work’ Exposure Within CPrL Policies With Faulty Workmanship Coverage

by Joseph Reynolds | Dec 15, 2020
Insurance | Legal and Regulatory | Policy | Risk | Risk Management | Safety | Total Human Health

Faulty workmanship coverage may address “your work” exposure in contractors professional liability policies and protect against claims by project owners—but exclusions and strict conditions apply.

How Contractors Can Manage Runaway Insurance Costs

by Thomas A. Grandmaison | Dec 10, 2020
Insurance | Risk | Risk Management

Using data, tech and selecting best-in-class partners, contractors can keep insurance costs down and focus on excelling in their core business.

CDC Modifies Guidance for Critical Infrastructure Employers

by Kurt Rose, Karen Charlson | Dec 3, 2020
Human Resources | Risk | Risk Management | Safety | Wellness | Workforce

The CDC has modified its guidance for “critical infrastructure” employers on whether they can permit asymptomatic workers to continue to work after exposure to an individual with a suspected or confirmed case of COVID-19.

Using Technology to Help Solve the Mental-Health Crisis in Construction

by Ray White | Dec 1, 2020
Risk Management | Safety | Wellness

Mental health is a lingering symptom of the COVID-19 pandemic. Given the shortage of counselors and the spike in demand, it is time to embrace technology to fill the gaps and add value.

Managing Risks of COVID-19 While Working in Occupied Facilities

by Jessica Burns | Nov 30, 2020
Risk | Risk Management | Safety | Wellness

As flu season approaches and COVID-19 continues to be a threat, contractors must establish and implement a job hazard assessment plan to identify risks presented by COVID-19 and that mitigates those risks.
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