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.
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.
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.