Risk Management

Captive Insurance: A Viable Strategy to Reduce Costs

Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure that a establishing a captive is a viable strategy.

Firming in the Construction Insurance Market

by David Bowcott | Aug 8, 2019
Insurance | Risk | Risk Management

As the insurance sector starts to firm, contractors can address risk factors with strong risk controls to prevent and mitigate risk.

The Dangers of Design Delegation: Identifying and Avoiding or Shifting the Risk

by James T. Dixon, Hanne-Lore M. Gambrell | Aug 4, 2019
Contracts | Risk Management | Safety

When project owners delegate design responsibilities to contractors, it creates significant risk. Contractors must understand and know how to shift risk to insurers, subcontractors and design consultants.

Achieve the Best Possible Coverage Rates and Terms With Comprehensive Risk Profiles

Managing growth with a balanced view of a firm’s own talent and core service structure helps a best-in-class contractor avoid professional liability claims.

Precautions for Minimized Risk Exposure and Maximized Loss Recovery

by Robert Burton | Aug 1, 2019
Risk | Risk Management

With the implementation of prudent accounting practices, contractors can reduce the likelihood of adverse litigation and can maximize recovery in the event of economic loss.

2019 Market Update Profiles Construction Industry Liability Trends and Challenges

by Joseph Nawa | Jul 27, 2019
Insurance | Risk Management | Safety

A 2019 Market Update report predicts a stable commercial insurance market but foresees a rise in the frequency and severity of claims, especially within the hospitality, habitational, health care and energy sectors.

Effective Risk Control Programs: How Does Yours Stack Up?

Successful companies invest heavily in risk control programs, which focus on safety, human resources and claims management. Here's how to know if a company's program is on track.

What Insurance Coverages Do Subcontractors Need?

by Joseph Lalla | Jun 23, 2019
Insurance | Risk Management | Safety

Most people wouldn’t go to a doctor who didn’t have the right insurance coverage. The same rings true for general contractors when hiring subcontractors to work on their projects.

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Captive Insurance: A Viable Strategy to Reduce Costs

Firming in the Construction Insurance Market

The Dangers of Design Delegation: Identifying and Avoiding or Shifting the Risk

Achieve the Best Possible Coverage Rates and Terms With Comprehensive Risk Profiles

Precautions for Minimized Risk Exposure and Maximized Loss Recovery

2019 Market Update Profiles Construction Industry Liability Trends and Challenges

Effective Risk Control Programs: How Does Yours Stack Up?

What Insurance Coverages Do Subcontractors Need?

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