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Home » Topic » Risk » Risk Management

Claims Reporting: Avoiding Unforced Errors

by Timothy Prosser | Jun 12, 2018
Insurance | OSHA | Risk | Risk Management | Safety

CPrL and CPL policies are complex. To control losses, claims reporting practices have become increasingly stringent and failure to comply with any of these requirements can result in the denial of coverage.

Cyber Insurance: What Does It Cover and Why Is It Needed?

by Jeffrey Cavignac | Jun 8, 2018
Cybersecurity | Insurance | Risk | Risk Management | Technology

Data breaches, privacy violations and hacker-generated losses are on the rise and construction companies are not immune. The good news is that cyber insurance is available, coverage is broad and costs are reasonable.

Workforce Drug Positivity Is at the Highest Rate in a Decade

by Joanna Masterson | Jun 5, 2018
Risk Management | Wellness | Workforce

Driven by increases in cocaine, methamphetamine and marijuana, drug use by the American workforce remains at its highest rate in more than a decade, according to analysis released by Quest Diagnostics.

Does Your Insurance Policy Cover Pre-suit Construction Defect Investigations?

by Brian A. Wolf | Jun 4, 2018
Insurance | Risk | Risk Management

The costs of investing and responding to pre-suit construction defect claims can be significant. The process is often drawn out by protracted processes led by plaintiffs’ lawyers and claims-oriented consultants.

Clear Guidelines for P3s Are Key to Success

by Peter Fogel | May 30, 2018
Business | Business Development | Business Risk | Project Delivery | Risk | Risk Management

Having pre-determined analytical processes can add significant levels of certainty to project procurement. This typically takes the form of a value for money analysis that assesses whether the public sector would see increased value by delivering the proposed project through a P3 rather than through traditional procurement.

Deconstructing the Confusion: The ‘Contractual Liability’ Insurance Requirement in Construction Contracts

by Neil B. Posner | May 18, 2018
Contracts | Insurance | Legal and Regulatory | Risk Management

To protect from an uninsured exposure, the upstream party should be clear in the "insurance requirements" section of contracts that any form of a Contractual Liability Limitation Endorsement will not be accepted.

The Paradoxical Financial Risks of a Growing Business

by Peter Menge | May 18, 2018
Risk Management | Safety

Contractors that have secured their lien rights by sending a preliminary notice are always going to be paid before the companies that haven’t, because the fear of a possible mechanics lien is just that great.

Amid Flooding Risks, Houston Elevates Regulations

by Joanna Masterson | May 16, 2018
Risk | Risk Management

The Houston City Council approved a proposal from the Department of Public Works that all new structures located in the 100- and 500-year floodplains be built 2 feet above the 500-year floodplain level to guard against another Hurricane Harvey-type disaster.
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