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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk 354
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COVID 19 Commercial Building Liability

Green Building Law Update

Over time coronavirus pandemic exposure claims may result in a new emergent subset of premises liability law, but in most instances it is presumed that body of existing law will control. All of this begs the question if a business owner’s premises liability insurance covers such claims?

Liability 177
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Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

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8 Main Types of Construction Contracts

Autodesk Construction Cloud

There’s seemingly no risk of losing money on materials. These agreements limit the cost-risk for the customer. It also places the majority of the risks on the contractor. The risk and reward parties (i.e., Each party needs to remain committed to the IPD model or risk reverting to traditional project delivery methods.

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Project Protection 101: Exclusive Insights for Cost Challenges

Construction Business Owner

Project Protection 101: Exclusive Insights for Cost Challenges PCF Construction offers insight on current market construction risks, and how to take control. These costs have surged due to a combination of factors, including supply chain disruptions, and high demand.

Insurance 156
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Does GC Insurance Cover Subcontractors?

Levelset

General contractors know these risks when they take the role. If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. General liability insurance. Builder’s risk insurance.

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How to Get Better Options in Today’s Hard Insurance Market

Construction Business Owner

Risk Management. Main Image. Author Bio Richard Kohn and William Lathem are Risk Consultants at Cobbs Allen. They work with construction clients to bridge the gap between their liabilities and protecting their assets while bringing innovative vision to insurance broking to solve a company’s risk challenges.

Insurance 156