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 »
Posts Categorized: Latest News
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 »
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 »
by Walter J. Adams, Jr., Berkley Alliance Managers, a Berkley Company Once again, the American economy is in flux. We’re all now in a wait-and-see game with a virus that is endangering the well-being of both individuals and businesses worldwide. For some contractors, the projects scheduled before COVID-19 will move forward without delay. Others will… Read more »
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.
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 »
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 »
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 »
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 »
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.