The Construction Industry’s Top Business Risks in 2021
For the construction, engineering and real estate sectors, top business risks in 2020 were business interruption, natural catastrophes and the pandemic outbreak.
Risk Management
Surety Defenses: Overpayment of Contract Funds and Cardinal Change to Contract
Two common surety defenses to limit its exposure are overpayment to principal defense and cardinal change to the contract defense.
Best Practices for Mitigating Risk in 2021
A Travelers executive discusses the many challenges contractors will face in 2021 and offers ways to mitigate risk.
Seven Trends That Impact Commercial Construction Litigation in 2021
Trends affecting construction litigation include safety measure, disputes and bankruptcy, court backlogs, air handling structure design, prefab or modular techniques, BIM and green building.
Legal Risks of Green Building
While green building and sustainable development is the future of the construction industry, there will likely be more (and more complex) claims of contractual indemnity and professional liability.
How to Maximize the Power of Surety Credit
To maximize surety credit, prepare in advance for bond underwriting by looking at year-end financial statements and try to reduce items with a negative impact on surety-adjusted working capital.
Insurtech: Keeping Complexity Out of Safety and Risk
Insurtech is a broad-ranging category that defines companies that are innovating in the insurance space. David Wald, co-founder and CEO of Aclaimant, is well-equipped to further define and discuss this critical blend of technology and risk management.
Types of Business Insurance a Small Construction Company Needs
Business insurance covers everything from injuries, and liability lawsuits to stolen tools and automobile accidents. There are five types of insurance most small construction companies need.
