Risk Management

Factors Impacting Construction Risk Management in 2019

by Joanna Masterson | Dec 13, 2018
Risk | Risk Management

USI Insurance Services' 2019 P&C Insurance Market Outlook Report states immigration and labor force issues, offsite fabrication, green construction, technological advances and effective subcontractor prequalification are expected to impact construction firms’ ability to manage risk effectively.

How Construction Companies Are Using Benchmarking Data and Analytics to Rise Above Their Peers

Using the power of big data, risk advisors give clients sophisticated benchmarking analysis that can result in more favorable terms and rates.

Indemnification: A Useful Tool for Allocating Risk in Construction Contracts

Indemnity agreements should ensure that the party intended to bear a certain risk is the one held responsible if that risk materializes.

Builders’ Risk: Covering Construction Liability

by Joseph C. Smith | Nov 23, 2018
Insurance | Risk | Risk Management

A comprehensive builders’ risk policy covers the interests of the property owner and contractors, as well as protects other insurable interests such as building materials, fixtures and equipment that could be damaged during construction.

Taming the Data Beast: Tips for Managing eDiscovery Challenges in the Construction Industry

by Barry Schwartz | Nov 23, 2018
Dispute Resolution | Legal and Regulatory | Risk Management

Construction defect lawsuits require finding, collecting and sorting through terabytes of electronically stored information. Technology solutions allow visibility into the data and the ability to manage it.

Parametric Insurance: Mitigating Risk From Weather-related Events

by Paul Ramiz, Michael DeLio | Nov 9, 2018
Insurance | Risk | Risk Management

Insurers can offer tailored solutions that allow contractors to manage the financial impact of adverse weather on revenues and costs. Parametric solutions cover a pre-defined event of a pre-specified magnitude.

Embrace the Bonding Process and Your Business Will Thrive

by Danny McNally | Nov 1, 2018
Risk | Risk Management | Surety Bonding

Establishing and maintaining a bonding relationship requires a significant investment of time and resources. This is driven by the surety’s need to thoroughly vet a contractor’s qualifications before extending surety credit.

The Importance of Understanding Dispute Resolution Options

by Jeffrey Cavignac | Oct 23, 2018
Dispute Resolution | Legal and Regulatory | Risk Management

There are basically two ways to settle a dispute - have a judge, a jury or an arbitrator settle it or the parties can resolve the matter themselves. A mediator can provide guidance in resolving the dispute.

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Factors Impacting Construction Risk Management in 2019

How Construction Companies Are Using Benchmarking Data and Analytics to Rise Above Their Peers

Indemnification: A Useful Tool for Allocating Risk in Construction Contracts

Builders’ Risk: Covering Construction Liability

Taming the Data Beast: Tips for Managing eDiscovery Challenges in the Construction Industry

Parametric Insurance: Mitigating Risk From Weather-related Events

Embrace the Bonding Process and Your Business Will Thrive

The Importance of Understanding Dispute Resolution Options

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