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 ISO CGL policy. Coverage is triggered by a third-party faulty workmanship claim against the policyholder; however, the claim does not have to allege negligence.Read more »
Roswell, Ga. (November 5, 2019) – Ed Sheiffele, senior vice president at Berkley Construction Professional a division of Berkley Alliance Managers, a Berkley Company, will participate in a panel discussion detailing Real Estate Development Errors, Omissions Risks and Insurance at the IRMI Construction Risk Conference to be held November 10 -13, at the Washington State Convention Center in Seattle, Washington.Read more »
Does a carrier’s claims philosophy really matter?
By Raymond F.H. Bustamante | September 25, 2019
Have advances in contractors professional liability (CPrL) insurance policies created differentiation in the efficiency of claim resolution? In my mind, the answer is a resounding “yes.”Read more »
By Gina Armbruster | Friday, August 23, 2019
Design-build has become a widely-used construction project-delivery method due to the ability to complete projects quickly and efficiently while also reducing costs. However, along with these advantages are the increased risks that can confront both contractors and design professionals throughout project lifecycles.Read more »
By Raymond F.H. Bustamante | Thursday, August 1, 2019
Too many firms grow for the sake of growth, only to suffer when the end product does not meet the client’s expectations. Managing growth with a balanced view of a firm’s own talent and core service structure helps a best-in-class contractor avoid professional liability claims. Historically, firms that do not focus on talent acquisition and management do not fare well through market cycles.Read more »
Obtaining competitive terms in a complex marketplace
By Raymond F.H. Bustamante
The Construction Specifier
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 Outlook.’ Although this fails to capture the double-digit growth of recent years, the report confirms the likely match of funds spent on commercial construction last year.Read more »
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.Read more »
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 – if any at all.Read more »
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 in Houston, Texas.
The construction industry is on the rise again in the U.S. Going into 2018, Dodge Data & Analytics predicted that total U.S. construction starts for the upcoming year would climb 3 percent to $765 billion. This includes a 2 percent increase in commercial building and a 3 percent advance in both the institutional and public works markets.