Construction Dive

APRIL 8, 2024

Are you paying prevailing wages correctly? Understanding the updated DBRA regulations is more important than ever.

Liability 118

Liability Risk Regulation Contractors 118

BD+C

JUNE 8, 2020

After offices and other places of business reopen following COVID-19 shutdowns , tenants and owners face increased legal liability, and property insurance plans may not cover this risk.

Liability 72

Liability Risk Office Insurance 72

Levelset

SEPTEMBER 8, 2022

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

Liability 52

Liability Insurance Claims Legal 52

Construction Business Owner

AUGUST 28, 2013

Managing professional liability risks in construction can be difficult. Although not all-inclusive, the following practices should enhance your risk-management strategy and reduce your long-term exposure to unforeseen professional losses.

Liability 136

Liability Management Risk Construction 136

Construction Business Owner

OCTOBER 26, 2012

Construction business owners undoubtedly have restless nights over business risks associated with operations, not to mention other concerns. But what these individuals often overlook are the uninsured or underinsured risks, such as professional and vicarious liabilities.

Risk 222

Risk Liability Design Construction 222

Construction Dive

NOVEMBER 26, 2018

Every business, small or large, that embarks on a construction project needs builder's risk insurance because it typically covers things that property and liability policies don't, legal experts say.

Risk 103

Risk Liability Insurance Legal 103

Construction Business Owner

OCTOBER 31, 2013

However, participants should enter this new modeling world recognizing that these opportunities come with costs and risks. Understanding the risks associated with BIM can help contractors manage and make the most of this new technology.'

BIM 191

BIM Liability Modeling Risk 191

Construction Business Owner

DECEMBER 4, 2023

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

Insurance Risk Security Contractors 156

Construction Marketing

DECEMBER 27, 2021

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? General Liability Insurance.

Insurance 156

Insurance Contractors Accidents Liability 156

Construction Business Owner

DECEMBER 14, 2012

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

Liability 120

Liability Insurance NJ Contractors 120

Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Regards, Mr. Ethics

Risk 100

Risk Claims Insurance Liability 100

Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Regards, Mr. Ethics

Risk 100

Risk Claims Insurance Liability 100

Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Regards, Mr. Ethics'

Risk 100

Risk Claims Insurance Liability 100

NH Construction Law

AUGUST 21, 2022

Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. Wrongful termination will not only be a breach of contract giving the principal a claim for damages against the obligee, but it will forfeit the protection of the bond. In Arch Insurance Co.

Liability 40

Liability Contract AIA Contractors 40

Construction Business Owner

OCTOBER 26, 2012

You have probably been hearing more about the concept of cyber liability from your insurance broker. Your construction firm is not likely selling products or services over the Internet, so you may be wondering why you would need cyber liability insurance. Consider some examples from high-profiles companies.

Risk 204

Risk Liability Insurance Tennessee 204

BD+C

SEPTEMBER 13, 2013

Worries about legal liability have long dogged the sustainable building movement, but insurance expert Karen Erger (Locton Companies) and attorney Eric Singer (Ice Miller LLP) say sustainability lawsuits are caused by the same types of issues that have always prompted clients to sue AEC firms. read more.

Liability 72

Liability Risk Insurance Green 72

Stok

NOVEMBER 16, 2022

REALISTICALLY PRICE TRANSITION RISK At the moment, capital for the climate transition domestically and in emerging economies is often costlier due to perceived risks in policy uncertainty, technological developments, and less data on rate of returns. Referenced with the EU Taxonomy , any building that is not in line with 1.5

Risk 52

Risk Income Liability Banking 52

Construction Business Owner

DECEMBER 20, 2018

“ Adapt or Die,” is arguably the most memorable line from the movie version of "Moneyball. " The meaning of the quote and how it relates to business and risk management is paramount—we must fight and overcome the current status quo if we want to change the industry.

Industrial 290

Industrial Liability Construction Risk 290

Pro Builder

FEBRUARY 4, 2021

What Home Builders Should Know About Liability Insurance. Q+A with Katie Beck about assessing risk for a changing home building industry. cbroderick. Thu, 02/04/2021 - 12:41. Beck dives into the details on how insurance companies are changing their coverages and how builders can protect themselves through these ever-changing times.

Insurance 52

Insurance Liability Risk Management 52

Construction Business Owner

JULY 18, 2019

The indemnity provision protects an owner or general contractor from exposure to liability if a loss occurs during construction. But if they're not structured properly, you could be at risk. Read all you need to know here. . .

Agreement 185

Agreement Liability Risk Contractors 185

Construction Dive

JULY 24, 2018

Taking responsibility for even a small portion of the design can expose contractors to increased liability. Here's how to limit the risks.

Risk 79

Risk DOT Liability Design 79

ENR Construction

APRIL 3, 2018

Insurers are writing more professional liability coverage for designers, with rates holding steady in the buyer’s market, says a new survey by insurance broker and risk consultant Ames & Gough.

Liability 28

Liability Risk Insurance Consulting 28

Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? While there are several cyber risks to monitor, ransomware and business email compromise attacks are two of the most common challenges we see contractors faced within our roles at Sentry Insurance. Mon, 12/07/2020 - 06:00. The account would then divert funds to the criminal instead.

Risk 92

Risk Construction Security Bidding 92

Construction Marketing

OCTOBER 19, 2021

Having snow removal insurance is important, considering the risks and dangers of snow removal and deicing. Because of their nature of work, snow removal contractors are usually exposed to many risks, which may include anything from third-party injuries to equipment. Usually, more business means more liability risks.

Insurance 186

Insurance Legal Compensation Injury 186

Construction Marketing

JUNE 14, 2022

All these pose risks to the health of these workers. . It also ensures you’re not spending money on hospital bills, treating injured workers, and legal liabilities. . When recruiting new workers, ensure they know all the risks they may encounter with their work. Inspect Your Machines Regularly.

Safety 339

Safety Site Construction Inspections 339

Green Building Law Update

FEBRUARY 12, 2014

Insurance companies cannot recover environmental cleanup costs paid to their insured under the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, from another Potentially Responsible Party ( unless their insured had first pursued a separate claim to recover the cleanup costs from that PRP).

Insurance 120

Insurance Liability Legal Claims 120

Construction Law

APRIL 2, 2024

The government’s own net zero carbon targets are at risk if the speed of delivery of investments isn’t increased. CL guides Limitation on liability Our latest Construction Law Guides series article from Claire Turnbull of DLA Piper looks at limitations on liability.

Construction 52

Construction Liability Risk Contract 52

ENR Construction

JUNE 21, 2022

An insurance executive, in a commentary, writes about how to avoid risks designers never intended to take.

Liability 58

Liability Insurance Risk Design 58

Green Building Law Update

FEBRUARY 13, 2022

These new laws are the Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 and the Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022. the principal climate-related risks and opportunities arising in connection with the company’s operations, and.

Regulation 194

Regulation Risk Sustainability Management 194

Job Order Contracting

MARCH 28, 2024

Without out this, the vast majority of projects, approximately eighty percent or more (80%+) will continue to fail by being late, over budget, or viewed as not being satisfactorily completed by one or more parties.

Procurement 186

Procurement Construction DC AIA 186

Safety Services Company

DECEMBER 1, 2023

With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. A Good Safety Record Presents You as a Lower Risk Liability Contractors frequently operate in risky and hazardous environments. Your safety and compliance track record. Let’s look at why that is.

Safety 115

Safety Bidding Contract Liability 115

Construction Dive

JANUARY 2, 2014

By Bruce Jervis A primary purpose of a limited liability company, much like a corporation, is to shield company owners from personal liability for business losses. When the company enters into a contract, the company’s assets are at risk. It is also crucial to avoid comingling of company and personal funds or other assets.

Liability 52

Liability Risk Claims Contract 52

Construction Law

MAY 4, 2021

Liability for what went wrong has still to be established, but the report raises serious questions that all companies and individuals working in the rail sector need to ask. Other inquiries are being made jointly by Police Scotland, British Transport Police and railway regulator the Office of Rail and Road.

Risk 52

Risk Management Inspections Accidents 52

Constructlaw

NOVEMBER 22, 2022

In conclusion — it is not uncommon for an owner to separately contract with the major players on a construction project, as opposed to entering a full-wrap EPC agreement, but such an arrangement presents certain risks. Two of the most notable risks are scope gaps, and as demonstrated in this case, liability gaps.

New York 52

New York Risk Claims Liability 52

Construction Dive

APRIL 10, 2019

As use of the technology expands, contractors, subs and other stakeholders should heed the safety and liability risks involved, an aviation attorney writes.

Contractors 118

Contractors Liability Risk Safety 118

Levelset

AUGUST 31, 2022

They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. And they offer risk specialists to help your business minimize losses. They provide general liability, property, subcontractor, and cyber protection. Find an agent.

Insurance 52

Insurance Liability Compensation Construction 52

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: Current Assets / Liabilities . Current Ratio .

Safety 94

Safety Debt Liability Equity 94