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This podcast is designed for the construction professional, including owners, developers, general contractors, and subcontractors. Construction projects raise unique and sometimes complicated risks. Listen to industry experts to help you understand the type and extent of the risks you face, and help you identify ways to better manage and insure those risks.
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The Claim Process in a Construction Insurance Claim
14:01
14:01
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The Issue. There has been an injury, or damage to property, during your project. Now what? When and to whom you report the claim can be critically important, and many times it is not as straight-forward as you may think. Also, once notice has been provided, when and how should you respond to an insurer’s denial or reservation of rights? Why It’s Im…
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Professional Liability - Not Just for the Architect & Engineer
9:04
9:04
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The Issue. Though you will find that the contractor can and will be required to include the design firm as an additional insured on its General Liability, the Professional Liability insurer for the design firm will not add the contractor as an additional insured, leaving the contractor unprotected for professional negligence issues unless it has se…
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The Issue. The likelihood of suffering a cyber-related loss is growing and such losses can be incredibly expensive and disruptive to a business. Cyber-attacks, cyber-theft, and other computer security incidents are being reported with increasing frequency, across all industries, and the construction industry is not immune. Insurance coverage for cy…
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The Issue. There are multiple exposures for releases of hazardous materials to soil, water and air during construction activities. Projects also present post-construction environmental exposures related to defective materials and/or workmanship. Why It’s Important. There is increasing awareness of contractor exposure to claims for releases of pollu…
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The Issue. Owner Controlled Insurance Programs (OCIP) and Contractor Controlled Insurance Programs (CCIP), both also known as “Wrap-ups,” have become more and more common. There is still some disconnect within the construction industry as to coverage within these “master insurance policies” that are specifically dedicated only to a particular proje…
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The Issue. Owners and upstream contractors often require lower-tier contractors and subcontractors to name them as additional insureds on their CGL policies. Additional insured status allows direct coverage in the event of a third-party claim, but typically only if the claim derives from the acts or omissions of the named insured. Why It’s Importan…
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The Issue. The extent of indemnification available from lower-tier contractors varies from state to state. Utilizing indemnification language that is not permitted in the state in which the contract is executed will derail your desired outcome to have your subcontractors fully responsible for their activities and liabilities that may emerge from th…
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Construction Contract Insurance Provisions
11:19
11:19
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The Issue: The construction contract drives the expectations for the project and has many facets. One of these is the Insurance Provisions. These provisions should be fairly simple to navigate and comply with but are too often overlooked, or worse, discounted and ignored. Why It’s Important: Failure to meet the insurance requirements in your constr…
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The Issue. In Ohio and nationally, insurers and policyholders continue to battle over whether there is insurance coverage for injury or damage that arises from defective construction. The questions are complicated. While it is nearly universally true that an insurer won’t pay solely for the repair of an insured’s own faulty work, what about damage …
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