Construction Industry Addresses Risks
The commercial building industry is expected to continue surging through the end of the year, with many independent forecasters predicting growth into 2018. ConstructConnect forecasted a 6.3% increase...
View ArticleAddressing Construction Risks with Technology
Skilled labor will always be the most valuable tool of the construction trade, but technology is increasingly playing a role in how the work gets done. New devices offer safety and procedural...
View ArticleAvoiding Construction Contract Claim Disputes
Any risk manager knows that the wording of a contract is important. Yet construction contracts are often completed without a thorough analysis of the underlying insurance requirements, or a review of...
View ArticleFire Traps
On April 8, more than 200 New York City firefighters and emergency service personnel responded to a fire at Trump Tower, a 58-story high-rise building with commercial use on the lower floors...
View ArticleReducing Construction Defect Claims
Construction defect issues can be complex and costly to resolve. Common problems include water intrusion through windows, walls and roofs, noise transfer through common walls, foundation cracks from...
View ArticleRisk Transfer Considerations for Public Projects
Public sector projects, like private sector projects, face risk that must be managed through insurance coverage. Contractors undertaking large and complicated public projects bear greater obligations...
View ArticleThe Seven Deadly Construction Sins
In the construction of buildings and infrastructure, there are many challenges that can lead to costly insurance claims and litigation, including design ambiguities, schedule delays, owner/general...
View ArticleAvoiding Subcontractor Insurance Pitfalls
Whether residential or commercial, nearly every construction project today requires the use of subcontractors. While contractors often devote a good deal of effort and attention to their prime...
View ArticleMitigating Construction Risk with Technology
Construction has always been a high-risk venture, but recent trends are exacerbating those risks, including a shortage of skilled workers and accelerated construction schedules. New developments in...
View ArticleAvoiding Construction Project Disputes
Disputes arising during a construction project can hurt the wallets of project owners and contractors alike. Not only are such disputes costly to project participants, but they can also cause delays...
View ArticleConstruction Calamity: Risk Transfer Tips for Contractors After a...
From structural collapses to fires, the construction industry has experienced a number of high-profile catastrophes over the past decade. These disasters test the mettle of even the most experienced...
View ArticleA Broader View of Construction Risk Management
Risk is a constant in the construction industry. From supply chain issues, unpredictable weather and labor shortages, to severe cases such as global health and economic crises, the variables that can...
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