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 »
Posts Categorized: Latest News
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. BustamanteTuesday, 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 cost than… 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.
Protect your company from a variety of project challenges through detail & careful planning By Raymond F.H. Bustamante | December 12, 2019 Design-build is quickly becoming the mainstay project delivery method for the United States commercial construction industry. According to the Design-Build Institute of America (DBIA), nearly half of America’s construction dollars will be spent on… Read more »
Morristown, N.J. (December 4, 2019) – Berkley Construction Professional a division of Berkley Alliance Managers, a Berkley Company, has extended its dedication to the construction professional and pollution liability marketplace with the promotions of Raymond F.H. Bustamante to managing director and Edward L. Sheiffele, Jr. to executive vice president.
Roswell, Ga. (November 11, 2019) – Berkley Construction Professional, a division of Berkley Alliance Managers, a Berkley Company, introduces Faulty Workmanship Liability coverage that fits together with the ISO Commercial General Liability (CGL) policy with respect to property damage arising from faulty workmanship and addresses elements of property damage that are expressly excluded from the… Read more »