IRMI Releases New Third Edition of Design-Build Risk and Insurance Resource
Dallas, TX, December 3, 2013—International Risk Management Institute, Inc. (IRMI), has released the new third edition of Design-Build Risk and Insurance for the insurance and risk management community.
Design-Build Risk and Insurance explains how to avoid pitfalls in design-build construction through appropriate coverage and superior risk management. This resource covers a variety of topics, including introduction to design-build construction, risk identification, contractual risk transfer, case law in design-build claims, coverage for design-build risks in standard policies, architects and engineers errors and omissions insurance, contractors professional liability insurance, project-specific professional liability insurance, and surety in design-build.
"Design-build projects present a myriad of risks not found in traditional design-bid-build construction," said Ann Hickman, contributing author and editor of the book. "Contractors who act as design-builders must understand how this project delivery method alters their design liability and how to mitigate contractual risks, including performance guarantees. Likewise, owners procuring work under design-build contracts must also address a variety of issues, including professional licensing requirements and ownership of design documents. Failure to recognize and plan for these risks can impair the ability to achieve a successful project."
Design-Build Risk and Insurance is also used as the text for an online continuing education course within the Construction Risk and Insurance Specialist (CRIS®) educational program. Completers of the CRIS course can receive insurance CE credit as well as CRIS reaccreditation credit.
Design-Build Risk and Insurance is available online. Learn more about Design-Build Risk and Insurance.
For more than 40 years, IRMI has helped our customers save lives and livelihoods as the premier provider of risk management and insurance information, tools, education, and training. IRMI helps risk management, insurance, and legal professionals make better decisions for their companies and clients with unbiased expertise and balanced, comprehensive content.
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