Construction Risk Management

Resource At-A-Glance

Most Detailed Work Ever on Construction Insurance, Bonding, and Risk Management!

Editors: Ann R. Hickman and Jack P. Gibson
Regularly Updated: Since 1984
See the Table of Contents
Includes: Construction Risk Management Newsletter and
several Bonus Publications

Description

Construction Risk Management provides you with a better understanding of construction loss exposures and applicable coverage for any type of contractor, enables you to provide practical feedback on contract insurance and indemnity requirements/provisions, and helps you control insurance costs and properly structure a more comprehensive risk management and insurance program.

Features and Benefits to You

Select a Job Function (click the arrows to the left)

more info Agents, Brokers and Account Support Staff

  • Identify common gaps in contractors' insurance policies and specify special policy endorsements and manuscript wording needed to properly cover unique construction exposures.
  • State-by-state analysis of laws governing hold harmless provisions in contracts help you determine whether contract hold harmless clauses are out-of-line with the requirements of the states in which your client operates.
  • Will help you determine if you should recommend the purchase of contractor pollution liability (CPL) insurance to cover your client's environmental exposures. Insight like this, with third-party support to your recommendations, strengthens client relationships with resulting growth in your business.
  • Understand and explain to others the completed operations coverage gap that your contractors may face after the closeout of a wrap-up under which they were insured, and how to arrange their policies to close it.

more info Risk Managers, Financial Executives & Insurance Buyers

  • Identify common gaps in your insurance policies and work with your broker at applying special endorsements and manuscript wording needed to properly cover unique construction exposures.
  • State-by-state analysis of laws governing hold-harmless provisions in contracts help you determine whether contract hold harmless clauses are out-of-line with the requirements of the states in which you operate.
  • Will help you determine if you should purchase contractor pollution liability (CPL) insurance to cover your environmental exposures.
  • Develop an understanding of the interplay between completed operations liability coverage and defective construction claims, and the key components to address in your insurance program to maximize your protection.
  • Identify often overlooked professional liability exposures and learn how to insure them.

more info Underwriters

  • Helps answer tough questions and solve problems posed by your agents, brokers, and insureds.
  • Third-party support to your answers and recommendations will reinforce client trust.
  • Excellent training tool for your staff about the unique risks of contractors, appropriate risk management strategies, and the contractual issues between the general contractor, project owner, and subcontractors.

more info Attorneys

  • Includes 626 case citations.
  • Helps you answer tough questions and give proper guidance to your clients.
  • Identify coverage best practices for construction companies to help increase your value-added service to clients.
  • Hone your ability to draft appropriate insurance specifications for contracts.

more info Consultants

  • Identify common gaps in your insurance policies and how to employ special endorsements and manuscript wording to properly cover unique exposures.
  • State-by-state analysis of laws governing hold harmless provisions in contracts help you determine whether contract hold harmless clauses are out-of-line with the requirements of the states in which your clients operate.
  • Will help you determine if you should recommend contractor pollution liability (CPL) insurance to cover environmental exposures.
  • Explain the interplay between completed operations liability coverage and defective construction claims, and the key components to address in your insurance program to maximize your protection.
  • Identify often overlooked professional liability exposures and learn how to insure them.
  • This valuable insight will help justify your fees and enhance client trust and referrals.

Risk Management Tips

Could you use a crystal ball for risk management? Although IRMI does not offer one for sale, we do provide valuable tips, tactics, and strategies for risk management and insurance professionals.

IRMI Construction Risk Manager

News, Tips, and Tactics for Construction Risk & Insurance Pros

IRMI Construction Risk Manager is a free monthly e-mail newsletter providing risk management and insurance tips and news items pertaining to legal, insurance and construction industry issues for those in, and those serving, the construction industry.

If you buy, sell, underwrite, or litigate construction insurance or manage construction risks, this newsletter will become an essential part of your tool belt.

Free whitepaper: Effective Contractual Risk Transfer in ConstructionGet a free whitepaper—Effective Contractual Risk Transfer in Construction—when you sign up for IRMI Construction Risk Manager.