Products

Construction Risk Management

The cost of IRMI application products depends on the size of your organization. The size ranges are as follows.

  • 1-9 Employees
  • 10-30 Employees
  • 31-60 Employees
  • 60+ Employees - Contact us for a quote!

To subscribe to an IRMI product, you can purchase either a single-seat license for an individual, or an unlimited group license for everyone in your organization. The cost depends on whether your firm qualifies as a "Small Business" or a "Large Business" under the definitions in the following table.

Item Individual Small Business Large Business
Users 1 Unlimited Unlimited
Agency/Brokerage Any size Under $10M Revenue $10M+ Revenue
Insurance Company Any size Under $100M Premium $100M+ Premium
Law Firm Any Size Under 10 coverage Lawyers 10+ Coverage Lawyers
Risk Mgmt. Dept. Any Size Any Size N/A
Other Organization Any Size Under 100 Employees 100+ Employees

All IRMI subscriptions are annual. Most subscriptions offer two ways to pay.

  1. Monthly: The full annual cost is broken out over 12 monthly installments that are billed to your credit card each month.
  2. Annual: Get 5% off the full annual cost if you choose a single payment billed to your credit card once per year.

Note that the monthly payment option and the subsequent 5% discount for annual payments are not available on some products.  

Construction Risk Management

Product type: 1 Year Subscription

Publication Date(s): 1984–2016

Update Schedule: Quarterly

Case Citations: 300+

Part of: Risk and Insurance Package

Discount: Prices shown include a 5% discount for choosing the annual payments option


Summary

Understand the construction-specific nuances of risk management, learn where standard insurance programs have unique implications for contractors, and stay on top of emerging strategies for managing construction risks. 

Viewed through the lens of the construction risk or insurance professional, Construction Risk Management provides you with a better understanding of construction risks and strategies for mitigating, transferring and insuring those risks. Learn how risks are commonly allocated in a construction project and how to identify and close gaps between a contractor’s insurance coverages and the risks it assumes.

Stay on top of statutory changes and judicial rulings that impact contractor’s liabilities as well as the coverage they are counting on to respond to such liabilities.  As a risk management or insurance advisor, you will be better equipped to answer questions and provide informed recommendations that will gain your client’s trust.   

 

Construction Risk Management covers these topics.

  • Introduction to Risk Management
  • Insurance Program Administration
  • Loss Exposures and Underwriting Considerations
  • Loss Control
  • Risk Financing
  • Insurance
  • Construction Defects Coverage
  • Contractors Equipment Coverage
  • Contractors Pollution Coverage
  • Contractors Professional Liability
  • Subcontractor Default Insurance
  • Builders Risk Insurance
  • Professional Liability
  • Wrap-Ups/OCIPs & CCIPs
  • Contractual Risk Transfer Techniques
  • Contract Claims Litigation
  • Surety
  • Construct Insurance Checklists
  • Construction Risk Management Tips
Download Table of Contents

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.

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 helps 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 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.

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.

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.

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 helps 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 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.
Bonus Publication Icon

Your purchase of Construction Risk Management comes with the Construction Risk Management Newsletter. It provides a quick overview of the latest developments affecting construction risks and the tactics for insuring or managing them, including advance notice of changes in policy forms, such as important legislative developments, and developments in the insurance marketplace.

Bonus Publication Icon

In addition, you will get access to hundreds of ACORD forms that have been approved for use in all 50 states and are accepted by more than 1,000 companies. Using standard forms such as these increases efficiency in insurance transactions. This InfoBase includes all the ACORD forms in PDF files.

Bonus Publication Icon

You will also get a copy of the Contractor's Guide to OCIPs, a handy reference that provides guidance on 39 issues contractors should consider when accepting coverage through a wrap-up or controlled insurance program. This publication was prepared by the OCIP Task Force of the AGC of America.

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