Selecting Professional Liability Coverage

Posted by & filed under Articles.

Obtaining competitive terms in a complex marketplace By Raymond F.H. Bustamante The Construction Specifier June 2019 Driven by a strong economy, the easing of lending standards, and a healthy commercial real estate marketplace, construction starts are expected to total about $800 billion in the United States, according to the Dodge Data & Analytics’ 2019 Construction… Read more »

How to Mitigate Construction Risk with Proper Coverage

Posted by & filed under Articles.

BY RAYMOND F.H. BUSTAMANTE 25 February 2019 In today’s commercial construction environment, risk and reward are deeply interconnected. This is especially true in increasingly popular design-build scenarios, which virtually eliminate the steadfast boundary of responsibilities that traditionally existed between contractors, architects and other building professionals. As a result, the efforts of general contractors have intertwined… Read more »

Strategically preparing for construction professional liability risk

Posted by & filed under Articles.

by Walter J. Adams, Jr. Risk is inherent with any commercial building project. From design and specification through construction, there are many moving parts capable of creating any number of problems. In the past, roles were clearly defined under the design/bid/build project delivery methodology. Responsibilities had a beginning and end. There was little guesswork –… Read more »

Raymond F.H. Bustamante of Berkley Construction Professional to Discuss Best-in-Class Professional Liability Risk Profiles at IRMI Construction Risk Conference

Posted by & filed under Latest News.

  Roswell, Ga. (September 24, 2018) – Raymond F.H. Bustamante, executive vice president at Berkley Construction Professional, a division of Berkley Alliance Managers, a Berkley Company, will offer his perspective on best-in-class professional liability risk profiles at the IRMI Construction Risk Conference to be held from November 4 – 7, 2018 at the Marquis Marriott… Read more »

8 Steps to Successful Subconsultant Relationships

Posted by & filed under Articles.

Streamline the design-build process with a solid strategy for choosing partners   by Andrew Mendelson FAIA August 8, 2018 Prime design consultants often have a great deal of project control and leverage. Unfortunately, such responsibilities increase the potential for significant risk. This is especially true if errors or omissions committed by subconsultants cause damage to… Read more »

Effectively Handling Protective Claims
Industry Shifts Boost Popularity of New Coverage Forms

Posted by & filed under Articles, Latest News.

By Raymond F.H. Bustamante Posted on June 26, 2018 The rules of engagement have changed drastically. In recent years, the construction industry has moved rapidly from what were clearly defined stand-alone roles of design-bid-build project delivery methods to the faster-paced design/build, public-private partnership (P3) and integrated project delivery (IPD) models. Along with this shift came…

Hire Reliable, Well-Schooled Subcontractors to Reduce Risk

Posted by & filed under Articles, Latest News.

By Raymond F.H. Bustamante Posted on August 29, 2017 The commercial construction industry entered 2017 building on a steady stream of growth over the past years. Earlier this year, ConstructConnect predicted a 6.3 percent increase in total construction for 2017 with another 7.2 percent increase in spending for 2018. Most recently, these expectations were amended… Read more »

What to know about non-ISO regulated coverages for contractors’ professional liability

Posted by & filed under Articles.

By Raymond F.H. Bustamante Contractors’ professional liability (CPL) and pollution policies continue to grow in popularity as differing project delivery methods blur the lines between design and professional services in the changing construction industry. While the majority of the insurance forms most commonly purchased by contractors — commercial general liability or workers’ compensation — have… Read more »

Understanding Protective E&O Terms and Conditions

Posted by & filed under Articles.

By Raymond F.H. Bustamante With the near demise of project-specific professional liability insurance policies offering dedicated primary coverage for design professionals since the early 2000s, there has been a rise in the use of Owner’s Protective Professional Insurance, also known as Protective E&O. Protective E&O supplements “practice” or annual professional liability insurance policies of the… Read more »