Product Update

Independent Contractor Liability and Risk and Information Management in Construction Risk Management

This release of Construction Risk Management contains updated discussions of independent contractor liability and risk and insurance information management.

The general immunity rule—that a company is not liable for the injury or damages caused by the work of its independent contractor—is well-established law. However, over time, the law has developed a number of exceptions to the rule, placing liability for certain risks on the hiring party. In addition to direct liability for its own actions, the hiring business also can be vicariously liable for the acts of an independent contractor in specific situations. "Liability for the Work of Independent Contractors" outlines the scope of a company's responsibilities and liability for independent contractors.

A risk and insurance information management system helps risk managers document, store, organize, and recall data for decision-making purposes. Effective management of the vast amount of data generated by risk management efforts plays a vital role in a firm's overall efficiency as well as its ability to make informed, accurate risk financing decisions and uniform risk assessments. Organized data can also lead to greater bargaining power in insurance negotiations and maximum returns on loss control expenditures. "Risk and Insurance Information Management" outlines the key attributes and benefits of an effective information management system.