Construction Defect Risk Management and Insurance
This 2008 seminar has concluded. The information below is provided for
you to see the quality of IRMI seminars and to make plans to attend next
year.
Description
Managing and insuring liability from construction defects is a major challenge
for developers and contractors. Developers and contractors both face substantial
potential liabilities and confront numerous complex coverage issues associated
with damage to the work. And mixed-use projects offer their own special challenges.
In this comprehensive seminar, two construction risk experts will use a real
life case study to survey the potential legal liability exposures, highlight
important risk management tactics, and drill into the builders risk and liability
insurance coverage issues for both residential and commercial construction projects.
The construction defect risk requires innovative solutions from project owners,
developers, contractors, and their agents, brokers, and underwriters. Risk management
programs that reduce the possibility of construction defects occurring or of
litigation arising from those that do are absolutely necessary. Additionally,
proactive steps must be taken to assure the parties are well positioned to defend
themselves when litigation cannot be avoided. To avoid costly and surprising
coverage denials, a vast number of widely varying policy forms and endorsements
must be analyzed, compared, and negotiated when arranging insurance programs.
Additionally, new insurance approaches and products are available to consider.
Special guest speaker Patrick J. Wielinski will discuss the current legal
status of insurance for defective construction around the country. He will acquaint
you with the areas where coverage battles are frequently waged and bring you
up to date on the status in all fifty states as well as the latest trends.
By explaining risk management best practices and discussing coverage options
in the marketplace, this seminar will equip developers, contractors, and their
insurance agents, brokers, and underwriters to successfully manage construction
defect risks. Your two speakers, recipients of IRMI’s
Words of Wisdom speaking award, and
guest speaker Patrick J. Wielinski, author of
Insurance for Defective Construction, will lead a fast-paced discussion
loaded with practical strategies and tactics you will immediately put into action.
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Benefits of Attending
Walk away with knowledge to:
- Reduce the possibility of claims and litigation against your firm (or
your clients).
- Put your firm (or your clients) in the best possible position to prevail
against any CD claims or litigation that do arise.
- Benchmark your risk management program against industry best practices.
- Obtain the best insurance coverage and pricing terms from underwriters
by adopting risk management best practices.
- Use new approaches to insure residential construction risks.
- Develop contract clauses that reduce your firm’s (or client’s) CD risks.
- Analyze CD claims to determine whether coverage should apply under the
CGL policy
- Argue the merits for or against coverage for CD claims under the CGL
policy
Who Should Attend
Anyone with responsibility for evaluating, managing, or insuring construction
risks will benefit from these seminars, including:
- Risk managers and CFOs of commercial contractors, residential developers,
or home builders, or commercial project owners
- Insurance agents and brokers with contractor or developer clients
- Insurance underwriters
- Attorneys
- Lenders
- Architects and engineers
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Sponsors
Learn about the services provided by the seminar sponsors:
Satisfaction Guaranteed!
IRMI is committed to providing you with the highest possible quality in education
and training. If you are not 100% satisfied, IRMI will refund your full registration
fee. We can make this guarantee because we know these seminars will meet or
exceed your expectations.
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