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Even as vaccines begin to get approved, keeping construction sites open and monitoring safety compliance will be with us even after the COVID-19 pandemic ends.
A software developer with a focus on quantifying weather risk in the insurance industry has branched out to apply its chops to the development of a hyperlocal software-as-a-service weather risk-management system for construction that launched Jan. 29.
Insurers are writing more professional liability coverage for designers, with rates holding steady in the buyer’s market, says a new survey by insurance broker and risk consultant Ames & Gough.
If you had to explore the myths about subcontractor default insurance, Douglas Schrift, AON’s managing director and practice leader for contractor default insurance, is a good person to put together—and dispel—a list of false notions.
Key phrases that are included in many construction contracts, such as “Additional Insured” and “Notification Requirements,” can be maddening if not fully understood.
The effectiveness of contractual risk transfer is more strained than ever. Upstream parties have attempted to toughen the insurance requirements in their construction contracts, utilizing terms that truly alter the intent of the requirement. And, which may, or may not, be insurable. Insurers are pushing back.