Construction Dive Webinar | Confusion, Clauses, and Loopholes: Limiting Risk in Construction Contracts

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Thursday, May 20 | 3pm ET The success of a project hinges on many factors, not the least of which is risk management. The best way to mitigate risk? Through meticulous risk management planning and preparation and review of fair and balanced construction contracts.  In this webinar, leaders from AIA Contract Documents—the exclusive provider of… Read more »

Contractors Professional/Pollution Liability

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Contractors should work with their agent or broker to be sure they make an informed decision on whether or not to buy By Edward L. Sheiffele Jr. According to the NAICS Association, there are approximately 1.3 million contractors with annual revenues of less than $5 million in the United States. While virtually all of these… Read more »

How General Contractors Can Protect Themselves From Subcontractors’ Faulty Workmanship

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By J. Eric Smentowski | Tuesday, February 16, 2021 Being a general contractor is challenging. They enter into contracts with project owners to deliver finished projects in accordance with the plans and specifications within the confines of a tight budget and schedule. Further complicating the matter, so much of a general contractors’ success is dependent upon… Read more »

Looking for a Career? The Insurance Business Offers a Wealth of Options for Young Professionals

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This ‘hidden’ industry is often overlooked by college graduates, but it offers variety, financial security and the satisfaction of helping people when the unexpected happens. By Annie Buelow and Joe Rosario | February 2021 When searching for a rewarding career, every professional should consider the insurance industry because of all of the benefits and opportunities… Read more »

Evolution of the Standard of Care Due to Climate Change

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By Andrew D. Mendelson and Dion N. Cominos | Sunday, January 3, 2021 Legal and practice standards for design and construction professionals are evolving due to climate change. While the cause of climate change is an oft-debated topic, the fact of it is largely undeniable. The earth’s global surface temperature and water levels are rising, while… Read more »

Are you missing the evolution in contractors’ professional liability insurance?

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Today’s contractors must thoroughly understand all of their exposures. By Edward L. Sheiffele, Jr. | October 19, 2020 Historically, professional liability insurance policies related to construction have been created for specific individual risks: architects and engineers, contractors, developers, environmental consultants and other miscellaneous related professionals. There were also policies that addressed the exposure for the design, manufacture and installation of products.

Andrew Mendelson of Berkley Alliance Managers to Address Evolving Climate Change Standards at the 2020 CLM Virtual Construction Conference

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Albany, N.Y. (September 15, 2020) – Andrew D. Mendelson, FAIA, senior vice president, chief risk management officer at Berkley Alliance Managers, a Berkley Company, will participate in the panel discussion, “Weathering the Storm: Evolving Legal Standards in the Era of Climate Change”, held during the 2020 CLM Virtual Construction Conference on Tuesday, September 29 at… Read more »

Faulty Workmanship Insurance

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Ten Minutes with Berkley’s Eric Smentowski August 24, 2020Scott Van Voorhis Eric Smentowski is a senior vice president at insurer Berkley Construction Professional (an operating unit of W.R. Berkley Corp.) A veteran of the construction insurance sector, he joined the company in 2015 and last year, after hearing years of complaints from contractors about a gap… Read more »

How to Manage Catastrophic Construction Risk, Take control of unexpected problems with a CPrL policy

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By Raymond F.H. Bustamante Tuesday, April 21st, 2020 According to the Design-Build Institute of America, design-build methodologies now represent 40% of the nonresidential construction marketplace and are likely to support more than $1 trillion in building projects between 2018 and 2021. This is primarily due to the ability to deliver projects faster and at lower… Read more »