Posted by & filed under Articles, Latest News.

By Derek E. Steffen | Tuesday, March 24, 2020

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

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 project.

Once the due diligence is completed and the contracts are executed, the focus generally shifts to the logistics of getting the project started: who will do what and when will they do it? 

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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.

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BCP Why Every Word Counts in Design-Build Contracts

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 design-build projects by 2021. As described by the Construction Industry Institute, this is because design-build projects are delivered faster and at lower cost than either design-bid-build or construction management at-risk projects.

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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.

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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.

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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.

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By Gina Armbruster | Friday, August 23, 2019

Managing Design-Build Risks

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.

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By Raymond F.H. Bustamante | Thursday, August 1, 2019

insurance coverage stock image

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.

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Obtaining competitive terms in a complex marketplace

By Raymond F.H. Bustamante

The Construction Specifier
June 2019

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.

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