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Walter J. Adams Jr., Vice President, Professional Liability Claims Manager, Berkley Alliance Managers
Janice Greenberg, Assistant Vice President, Senior Claims Examiner, Berkley Alliance Managers
Diane P. Mika, Senior Vice President, Risk Management Officer, Berkley Alliance Managers

Wednesday, August 28, 2024
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Claims on construction projects are bound to happen—but the right knowledge and tools can equip you to identify the warning signs and mitigate the consequences.

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Design-Build Poses a Greater Risk to Contractors Than Conventional Delivery

By David Pacifici | Monday, April 25, 2022

Design-build delivery carries much greater risk to a contractor than conventional project delivery methods. Chief among these risks is the potential for increased actual or final costs to a general contractor or design-build entity compared to the estimates presented in their bid. The result is that many contractors using design-build are experiencing lower profitability or even taking losses.

In addition, contractors are making claims against their prime engineering subconsultants and the mitigation coverage in their contractor’s professional liability (CPrL) insurance at a much higher frequency and severity than the subconsultants and insurers had anticipated.

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Pollution Liability Insurance Protects Contractors From Unexpected Environmental Claims

By Janice Greenberg | Monday, January 3, 2022

Construction professionals undoubtedly engage in a call or email conversation at least once a year with their insurance broker to discuss the company’s insurance coverages. Typically, these conversations center around whether to renew the company’s existing policies with its current insurance carriers or purchase policies from new insurance carriers. Sometimes, these conversations also explore whether the company is adequately insured for foreseeable risks. For general contractors and subcontractors, the focus is usually on the coverages typically required under the terms of your contracts, such as general liability, automobile liability and workers’ compensation coverage; indeed, these insurance policies should address any curveballs that might get tossed at the company during the course of a project.

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How to Prepare for Unexpected Risk

By Peter Brooks | Monday, August 16, 2021

The typical formula for running a successful construction and contracting business is a mixture of vision with hard work, investment and experience. But then, there’s always the unexpected — just ask the thousands of construction firms that either had projects shuttered or delayed once COVID-19 took hold in 2020. In fact, a recent survey by the Associated General Contractors of America (AGC) found that 75% of contractors had projects canceled or postponed due to the pandemic.

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