By Andrew D. Mendelson | Monday, July 12, 2021
The consequences are undeniable. Global climate change has affected everything from the design and building of roads, bridges, homes and office complexes to the upgrading of our nation’s electrical grids and pipeline systems.
By Edward L. Sheiffele Jr. | Monday, March 29, 2021
According to the NAICS Association, there are approximately 1.3 million contractors with annual revenues of less than $5 million in the United States. While virtually all of these contractors are currently protecting their businesses with general liability, workers compensation, business automobile, and insurance for all of their equipment, the vast majority have not even considered purchasing professional/pollution liability insurance, which are both excluded from most commercial general liability (CGL) insurance policies.
February 16, 2021
Being a general contractor is challenging. They enter into contracts with project owners to deliver finished projects in accordance with the plans and specifications within the confines of a tight budget and schedule. Further complicating the matter, so much of a general contractors’ success is dependent upon the effective performance of their subcontractors. Thus, the success of any given project is largely determined by how well the subcontractors execute their respective scopes of work.
February 2021
When searching for a rewarding career, every professional should consider the insurance industry because of all of the benefits and opportunities it affords.
By Andrew D. Mendelson and Dion N. Cominos | Sunday, January 3, 2021
Legal and practice standards for design and construction professionals are evolving due to climate change. While the cause of climate change is an oft-debated topic, the fact of it is largely undeniable. The earth’s global surface temperature and water levels are rising, while severe storms and climatic events have increased dramatically across the United States and not just in coastal areas.
By Walter J. Adams, Jr. | Tuesday, November 24, 2020
Once again, the American economy is in flux. We’re all now in a wait-and-see game with a virus that is endangering the well-being of both individuals and businesses worldwide.
For some contractors, the projects scheduled before COVID-19 will move forward without delay. Others will be placed on hold or cancelled which will jeopardize the incomes and livelihoods of our nation’s contractors, subcontractors, engineers and architects.
November 2020
Exploring the hidden issues sinking your profits
Consistently achieving acceptable profit margins is difficult during the best of times. The slightest challenge can derail a project for weeks or even longer, causing profit margins to erode while also increasing the risk of potentially costly claims or litigation. And that was before COVID-19 became a reality.
By Edward L. Sheiffele, Jr. | October 19, 2020
Today's contractors must thoroughly understand all of their exposures.
Construction Firms increasingly offer both design and building capabilities. This trend has created a number of fresh liability questions for construction insurance underwriters.
August 24, 2020
ENR: Why offer a new policy? What market niche or need are you looking to fill?
It’s an innovation created by market forces. Whenever we talked to contractors and the brokers who represent them, one of the most common complaints was that there hasn’t been an insurance solution for transferring the risk of having to repair or replace faulty workmanship. Those concerns caused us to reevaluate whether there was a way for our company to satisfy that need.
April 21, 2020
According to the Design-Build Institute of America, design-build methodologies now represent 40% of the nonresidential construction marketplace and are likely to support more than $1 trillion in building projects between 2018 and 2021. This is primarily due to the ability to deliver projects faster and at lower cost than either design-bid-build or construction-management-at-risk projects. Another advantage includes the management of every project element from design to construction from one single point of contact.