Risk Management

Four Qualities Lenders Look for in General Contractors When Assessing Construction Risk

by Scott A. Cameron | Mar 25, 2020
Business | Business Risk | Risk | Risk Management

There are four essential qualities lenders look for in general contractors when assessing risk in construction projects: document accuracy, responsiveness to questions, honesty and focus on area of expertise.

It Takes More Than a Certificate to Protect Owners, Developers and Contractors

A certificate of insurance (COI), issued by a licensed insurance broker, is a summary of insurance policies and/or coverages, such as general and professional liability and workers' compensation.

Extreme Remedies to License Violations—Know the Risk

by Trevor B. Potter | Mar 18, 2020
Legal and Regulatory | Risk Management

Inadvertent licensure violations pose a serious risk to contractors, especially in states with a disgorgement remedy, which requires unlicensed contractors to pay back amounts received for work.

Ways to Reduce Workers’ Compensation Costs

by Patrick Keightley | Mar 18, 2020
Insurance | Risk Management | Safety

A low experience modification rate will lead to aggressive workers’ compensation premium pricing, giving companies more options for cost savings. As a bonus, a worker safety plan that shows employees they are valued.

COVID-19 Could Impact Contractor Performance Bonds

As COVID-19 continues to expand around the United States and the world, it may only be a matter of time before U.S. construction projects are affected by the virus. What, if any, impact could the virus have on a contractor’s surety bond program?

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

COVID-19 may affect construction materials and labor. Now’s the time to check contract language and supplier agreements for force majeure clauses, and develop a plan in the event of a labor shortage.

Now’s the Time to Evaluate Surety Bonds vs. SDI Risk Management Tools

by Craig Tappel | Mar 10, 2020
Insurance | Risk | Risk Management | Surety Bonding

Subcontractor Default Insurance has grown into a competitive market, which gives contractors more options and has kept pricing and terms attractive for those with positive loss experiences.

Contract Provisions That Help Manage Risk on Long-Term Projects

by Jason Lambert | Mar 10, 2020
Contracts | Legal and Regulatory | Risk | Risk Management

There are contractual provisions that can provide clear guidance in the face of many “what ifs” in construction, such as cost increases or delays caused by the owner or outside events.

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Four Qualities Lenders Look for in General Contractors When Assessing Construction Risk

It Takes More Than a Certificate to Protect Owners, Developers and Contractors

Extreme Remedies to License Violations—Know the Risk

Ways to Reduce Workers’ Compensation Costs

COVID-19 Could Impact Contractor Performance Bonds

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

Now’s the Time to Evaluate Surety Bonds vs. SDI Risk Management Tools

Contract Provisions That Help Manage Risk on Long-Term Projects

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