There are many risks in any construction project. The majority of these risks are usually assumed (and priced) by the contractor during the construction phase, who typically covers this exposure by ...

Insurance is one of the tools most often used to manage risk in connection with construction projects. In determining insurance requirements for construction contracts, it is important to identify the ...

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Each policy type is tailored to address specific areas of risk, ensuring comprehensive protection for both contractors and project owners. While construction insurance covers many risks, it may not ...

The construction industry continues to face the challenges of supply chain snags, inflation and persistent labor shortages—a situation that has become all too familiar. Amid these challenges, the ...

From an insurance perspective, these constraints heighten the risk of schedule slippage, workmanship issues, and cost overruns, all of which can cascade into higher builders' risk exposures, startup ...

On October 9, 2011, Gov. Brown signed SB 474, a bill that dramatically changes the rules of the game with respect to indemnity and insurance obligations found in construction contracts. This seminar ...

Environmental insurance coverage has grown significantly in the construction industry over the last five years, according to William P. Hazelton, executive vice president, environmental and ...

Discover how advance loss of profit (ALOP) insurance protects business against financial losses caused by delays in construction and infrastructure projects.

One of the many, many things that makes construction different than other industries is that the product being paid for generally isn't just handed over at one time in exchange for a check. Most of ...

Construction insurance company Billy announced today the closing of an additional $2.5 million led by Entrada Ventures and MetaProp, bringing its total funding to $6.7 million. Nyasha Gutsa and Grant ...