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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

Essential to protecting general contractors and developers are insurance products like builders' risk, owner-controlled insurance programs (OCIP), and contractor-controlled insurance programs (CCIP). Regional challenges, such as wildfire exclusions impacting project liability in California, require specific attention.

Risk 354
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Project Protection 101: Exclusive Insights for Cost Challenges

Construction Business Owner

Because of this complexity, it’s even more critical than ever to ensure you’re working with an insurance broker who possesses the industry experience and insights needed to secure the right coverage for your project, both in terms of protection and cost-effectiveness.

Insurance 156
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HRECs in a Phase l are Not Recognized Environmental Conditions

Green Building Law Update

By way of background, a Phase I environmental site assessment is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. History says, ‘see you later.’”. while a poorly worded report can imperil the deal. Some context is useful.

Liability 156
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#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” But what makes Skanska interesting is that the court took pains to distance itself from an earlier Michigan decision, Hawkeye-Security Ins.

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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . It’s prudent to look back and realize that potential liability doesn’t end when the project is completed.

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Collaborative Construction Solution – Public Sector

Job Order Contracting

The Public Sector facilities management sector has long suffered from poor productivity growth and high levels economic and environmental waste. Just the opposite, traditional contractual incentives, such as liquidated damages and performance security, provide only negative incentives to ensure compliance with minimum requirements.

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GHG, SHG, SEC Regulations – Facilities Regs and Reporting Changes Coming Soon

Job Order Contracting

The Securities and Exchange Commission (SEC) proposal to require that public companies disclose climate-related information. The proposed rules contain a “safe harbor” for liability for Scope 3 emissions disclosure. ISO14064 Boundaries. Organizational. Equity share. Operational. Direct GHG emissions and removals. GHG/SEC Reporting.