Insurance Coverage for Subcontractors’ Faulty Work
Whether (and when) a contractor can obtain insurance coverage for damage caused by a subcontractor's faulty work has been fought in state courts across the country. In a recent case, consequential...
View ArticleCommon Business Issues When Evaluating a Wrap-Up Program
As more small to midsize general contractors consider CCIPs, understanding unique circumstance and risk profile is crucial when it comes to choosing an effective wrap-up insurance program.
View ArticleTools of the Trade: Solutions for When Things Go Wrong
To reduce construction accidents and their financial impact, be aware of four solutions that can help construction companies mitigate the financial impact of construction defect claims.
View ArticleFour Construction Risks to Avoid in 2016
Four construction trends to watch for this year are the impact of the labor shortage on workers’ compensation claims, evolving construction delivery methods, demanding lender and statutory...
View ArticleDisaster Preparedness and the Importance of Evaluating Insurance Coverage
When it comes to insurance coverage, contractors must have the appropriate policies and understand their limitations. If a policy does not include coverage for property damage or business interruption,...
View ArticleHow to Prevent Drones From Landing You in Trouble
Drones can capture aerial views of undeveloped land, hazards, building sites, finished projects and all steps in between. However, to avoid the landmine of legal and liability issues, get the proper...
View ArticleOCIPs: Project-Specific Liability for Condos
New condominium construction is likely to be insured by a wrap-up insurance policy. The OCIP marketplace is changing rapidly, so contractors on this type of project must understand the insurance...
View ArticleUnderstanding Coverages and Exclusions of Contractor’s Professional Liability...
Contractor’s professional liability insurance provides thorough overall coverage. Although regulated by the Insurance Services Office (ISO), be aware that each insurance carrier has different...
View ArticleInstall Back-Flow Prevention When Transferring Risk on a Construction Project
Risk should flow downhill, from the general contractor to the subcontractor to other workers down the construction food chain. One say to transfer risk is with the right contract language and...
View ArticleWhat’s the Difference Between Contractor Bonding and Insurance?
Bonding, insurance — what’s the difference? Contractor license bonds, and surety bonds in general, are lines of credit. If the contractor does not meet obligations, the surety will cover them but...
View ArticleAre Certificates Listing a Construction Company as an Additional Insured...
Owners and contractors shift risk by requiring contractors and subcontractors to name them as additional insureds (AI) on commercial general liability (CGL) policies. Savvy contractors know the best...
View ArticleManaging Construction Risk Across Multiple Fronts
Pollution liability coverage is a must. Environmental contractors, waste transporters and environmental consultants can purchase Combined Environmental Casualty Programs that include GL, CPL and PL...
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