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Risk Management

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Home » Topic » Risk » Risk Management

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.

Construction Contract Payment Terms Aren’t Worth the Paper They’re Printed On

by Peter Menge | Oct 23, 2018
Business | Business Risk | Contracts | Legal and Regulatory | Regulations | Risk | Risk Management | Safety

As construction becomes more complicated and project participants have no direct contractual relationship with others on the project, there is an element of fear (and risk) that leads to overly complicated contracts.

Lessons Learned from Hurricane Irma

by William L. Coulbourne | Oct 19, 2018
Insurance | Risk | Risk Management

Hurricane Irma proved that buildings constructed to high wind design guidance performed well and provided critical performance information of high wind codes and standards.

Modern Technology Is Influencing Construction Safety

by Michael Rivas, Scott Chinn | Oct 19, 2018
Risk | Risk Management | Robotics | Safety | Technology

The entire construction process is being influenced by technology, including jobsite safety.
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