Risk Management
Indemnity provisions usually include a requirement to hold harmless and defend another party. Generally, the upstream party tries to shift risk to a downstream party. Just because indemnity is legal doesn’t mean it’s fair.
Case Study: Chasing the Wrong Cause of Frost and Ice Damage in a Medical Facility
The general contractor of a 50-bed Midwest medical facility was facing a million dollar repair cost and a potential lawsuit due to winter frost and ice buildup in above-ceiling spaces, soffits and clerestories. The contractor found an innovative solution and avoided replacing the costly air barrier.
Five Ways to Build a Culture of Height Safety
Falls are OSHA’s most frequently cited violation, but there are ways to prevent falls and create a culture of height safety.
Don’t Ignore Auto Insurance, Excess Liability and Cybersecurity Risks
Now that businesses are settled into the new year, it’s a good time to consider some of the top insurance and risk management challenges that contractors and other construction organizations should expect in 2019.
Joint Ventures: Costly If Not Cautious
Companies may wish to share the risk on a project, secure additional bonding capacity or enter a new market segment with a more experienced contractor, as well as offer additional resources, including working capital and other trades needed for a project. However, many risks need to be addressed prior to officially forming a joint venture.
Industrial Insights on Emergency Preparedness
Companies that are able to recover quickly from natural or manmade disasters spend considerable time and resources to prepare for those events.
Prepare for a Safe Year
Rick Keegan, president of construction at Travelers, shares lessons learned from the flurry of natural disasters during the past few years, as well as insights on the role technology plays in making workers and equipment safer.
How to Transfer Some of That Risk
Contractors may think hold harmless, indemnification and duty to defend have the same meaning, but each has different and serious implications.












