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 »

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 »

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 »

It Takes More Than a Certificate to Protect Owners, Developers and Contractors

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By Derek E. Steffen | Tuesday, March 24, 2020 Businesses often look for ways to protect against the risks they confront on virtually every project from design and construction through completion. This includes conducting due diligence and negotiating contracts that include the appropriate insurance coverages from the contractors, subcontractors design professionals and others involved with the… Read more »

Berkley Construction Professional Introduces Faulty Workmanship Coverage

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by Will Jones PRODUCT: Faulty Workmanship Liability COMPANIES: Berkley Construction Professional (Berkley CP), a Berkley Company BEST RATING: A+ (Superior) AVAILABILITY: Coverage is available on an open-brokerage basis. FOCUS: Until relatively recently, insurance solutions for the costs contractors incur to repair or replace defects found within their physical construction work have been virtually non-existent.