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06.17.2019

Insurance Solutions for Design-Build Delivery Method Construction Projects

Insurance is an important element in a comprehensive design-build delivery plan to help manage and allocate the risk inherent in most construction projects.  Most exposures can be transferred through a combination of traditional insurance and surety products.  The challenge is selecting the appropriate insurance products to address the specific nature of the design-build delivery agreement entered into by the property owner and the design-build contractor, who is legally liable for professional services.

TAGS Construction CATEGORIES Construction
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05.13.2019

Underlying Risk Exposure of Design-Build Delivery Method

Contractors and design builders utilizing a project delivery method for a construction project face both professional and non-professional exposures. The design-builder must assess the responsibilities and risks it has assumed in the contract agreement and determine how best to manage those risks. With the increase in the quantity and complexity of design-build projects, it is important for design-builders and design professionals to equitably allocate risk to the party most suited to manage those risks.


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04.22.2019

Researchers at Colorado State University Predict Slightly Below-Average 2019 Atlantic Basin Hurricane Season

Colorado State University hurricane researchers are predicting a slightly below-average Atlantic basin hurricane season in 2019, citing the relatively high likelihood of a weak El Niño as a primary factor. CSU’s initial hurricane forecast for 2019 was released on April 4


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04.08.2019

What is Design-Build Delivery and Why It Matters

Design-Build is a project delivery contracting method within the construction industry. An owner enters into a contract with a Contractor or Design-Builder for the complete design and construction of a particular project. It is prudent for the design-builder to assess the responsibilities and risks they will assume under the design-build agreement and determine how best to manage those risks. A design-builder will assume certain risks, insure others, and transfer risk to design professionals and trade sub-contractors.


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03.08.2019

Hidden Dangers of Storage Tank Environmental Risks

As technology continues to advance, long term care providers, like other healthcare providers, have become increasingly driven by digital data.  Electronic storage of residents’ medical records and the virtual delivery of care have made it imperative for management to protect sensitive data.  The challenge is that many nursing homes and other senior or assisted living facilities (collectively “Long Term Care providers”) may not have a response plan in place to shield themselves and their patients/residents in the event of a cyber-attack.  Resultant potential for significant financial losses related to recovery and remediation could be significant.


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