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Design-Build Risk and Insurance

By: Ann Hickman, CPCU, CRIS, ARM
Design-Build Risk and Insurance

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  • 10-30 Employees
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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

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Design-Build Risk and Insurance

Product type: 1 Year Subscription

Publication Date(s): 2002, 2006, 2013

Part of: Books Package

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


Summary

Use this book to recognize potentially devastating design-build risks—then develop a plan to ensure you have them covered.

Design-build construction is an increasingly popular construction approach, but it does increase risks and present new risk management challenges. In addition to taking on greater design liability, contractors who act as design-builders must be on top of issues such as performance guarantees, licensing requirements, ownership of design documents, indemnification, and a variety of other potential risks.

Failure to recognize and plan for these risks can be devastating.

Get In-Depth, Focused Briefings on:

  • Design-build construction and its risks.
  • Indemnity provisions and insurance requirements in design-build contracts.
  • Design-build claims caselaw.
  • Application of coverage under traditional policies and professional liability insurance.

Design-Build Risk and Insurance covers these topics.

  • Design-Build Construction
  • Design-Build Risks
  • Indemnity, Insurance Requirements, and Limitations of Liability
  • Design-Build Claims – Caselaw
  • Coverage for Professional Services in Traditional Policies
  • Contractors Professional Liability Insurance
  • Architects and Engineers Professional Liability Insurance
  • Project Professional Liability Insurance
  • Bonding Design-Build Projects

Download Table of Contents

Agents, Brokers, and Account Support Staff

  • Learn the essential differences between design-build and traditional design-bid-build construction delivery processes.
  • Identify the exposures not covered under traditional CGL and umbrella liability policies that arise when a contractor performs as a design-builder.
  • Understand the nuances of contractor professional liability insurance.
  • Review the challenges encountered in bonding design-build projects and how the surety industry often addresses these bond issues.

Risk Managers, Financial Executives, & Insurance Buyers

  • Hone your understanding of design-build loss exposures.
  • Review essential issues to address in design-build construction contracts.
  • Determine whether you should purchase professional liability insurance to cover liability arising from these services.

Underwriters

  • Hone your understanding of design-build loss exposures.
  • Understand which design-build exposures are and are not covered under traditional CGL and umbrella liability policies.
  • Identify ways to coordinate the coverage under traditional and professional liability policies.

Claims Adjusters

  • Understand which design-build exposures are and are not covered under traditional CGL and umbrella liability policies.

Attorneys

  • Understand how the legal responsibilities of contractors change when they perform design-build projects in lieu of traditional construction delivery processes.
  • Learn about the insurance policies available to cover the liability exposures of design-build contractors.
  • Explore caselaw focusing on the unique aspects of design-build construction.

Consultants

  • Hone your understanding of design-build loss exposures.
  • Understand which design-build exposures are and are not covered under traditional CGL and umbrella liability policies.
  • Understand the nuances of contractor professional liability insurance.
Bonus Publication Icon

Your purchase of the online version of Design-Build Risk and Insurance comes with a digital 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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