- Morristown, N.J. (October 19, 2021) –, David Pacifici, a senior vice president at Berkley Construction Professional, a Berkley Company, will answer the question, is “Progressive Design-Build–the Solution to Unbalanced Risk Transfer?” at…, SNAP Talk, session will highlight the benefits of using the Progressive Design-Build method to reduce the uncertainty and financial losses contractors commonly face. “The use of fast-track scheduling combined…, About Berkley Construction Professional, Berkley Construction Professional specializes in construction professional liability and pollution insurance for construction-related industry exposures. Berkley Construction Professional is a…
- Albany, N.Y. (September 28, 2021) –, Walter J. Adams, Jr., vice president and assistant claims manager at Berkley Alliance Managers, a Berkley Company, will co-present the session titled “How to Address and Mitigate Nuclear Verdicts in…, About Berkley Alliance Managers, Berkley Alliance Managers is an alliance of specialty professional liability insurance underwriters and is a member company of Berkley, whose rated insurance company members are assigned A+ (Superior…
- Morristown, N.J. (August 31, 2021) –, Dennis M. Baez joins Berkley Construction Professional, a division of Berkley Alliance Managers, a Berkley Company, as a senior vice president of underwriting. He is responsible for underwriting…, About Berkley Construction Professional, Berkley Construction Professional specializes in construction professional liability and pollution insurance for construction-related industry exposures. Berkley Construction Professional is a…
- By Peter Brooks | Monday, August 16, 2021 Recognize potential exposures before they occur & align proper coverage The typical formula for running a successful construction and contracting…, Insuring for Possible Risks, Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most…, Pollution Liability, When it comes to pollution liability conditions, the term itself calls to mind dark fumes of smoke funneling toxins into the sky or water drenched with chemicals pouring into streams and rivers.…, Professional Liability, Contractors generally face one of two paths with respect to professional liability exposures: providing “de-facto” design services on their projects, and/or as part of a project being delivered via…, About the Author, , Peter Brooks is a senior vice president at Berkley Construction Professional, a Berkley Company. He has more than 25 years of experience underwriting design and construction professional liability…, DOWNLOAD PDF Read Article in, Construction Business Owner, Reprinted with permission from the September issue of Construction Business Owner. © 2021 Copyright Cahaba Media Group, Inc. All Rights Reserved.
- By Janice Greenberg | August 2, 2021 Most construction projects do not go exactly as planned. Architects need to modify plans midway through to correct errors, structural engineers approve an…, Claims Confusion, Consider the following hypothetical example of a design-build contractor called the Schnauzer Company. Schnauzer’s CEO, Linda, receives a letter from a client’s attorney advising that Schnauzer…, Reporting Obligations, Policyholders are too often unaware of the very different reporting requirements under a contractor’s professional liability policy as compared to the more familiar general liability policy. Under…, Better Safe Than Sorry, In practice, every situation is unique. Many times, your company may go back and forth with a client about project issues, but it is not entirely clear if the issues involve your company’s…, About the Author, , Janice Greenberg, is assistant vice president and senior claims examiner at Berkley Alliance Managers, a Berkley Janice Greenberg is assistant vice president, senior claims examiner at Berkley Alliance Managers, a…, DOWNLOAD PDF Read article in, Risk Management Magazine, Reprinted with permission from, Risk Management Magazine, . © 2021 Risk and Insurance Management Society, Inc. All rights reserved.
- By Olivia Overman | August 2, 2021 Prior to the coronavirus pandemic, the professional liability market was firming across most lines of business due to loss severity. Over the past 18 months, as…, 1) Understanding the state of the market., “Agents need to be aware that the commercial market is very fluid right now,” Whitney says. “They need to stay up to date with which carriers are restricting terms and conditions, capacity, and…, 2) Looking toward a new normal., As the world opens up, there are likely to be changes in almost every market brought about by the events of the last year. “We are likely to see many services providers adopting a virtual model,…, 3) Obtaining the best outcome for clients and agents. , A firmer market requires agents to pre-plan to get the best coverage for their clients. Providing accurate and detailed information to underwriters is key. “Agents should give themselves plenty of…, Independent Agent, 3 Tips to Secure Specialized Professional Liability Coverage By Olivia Overman Reprinted with permission from the August 2021 Issue of Independent Agent Magazine © 2021 Independent Agent Magazine.…
- Albany, N.Y. (July 21, 2021) –, Walter J. Adams, Jr., vice president and assistant claims manager at Berkley Alliance Managers, a Berkley Company, will discuss ways to , Get Ahead of the Claim: Professional Liability in a Post-COVID-19 World, at the CLM 2021 Annual Conference to be held at the Atlanta Marriott Marquis in Atlanta, Georgia. During the roundtable discussion scheduled for Thursday, August 12 th at 2:00 p.m. EST, Adams will…, About Berkley Alliance Managers, Berkley Alliance Managers is an alliance of specialty professional liability insurance underwriters and is a member company of Berkley, whose rated insurance company members are assigned A+ (Superior…
- Contractors should work with their agent or broker to be sure they make an informed decision on whether or not to buy, By Edward L. Sheiffele Jr. 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…, The risks, Pollution risk exploded in the 1960s and 1970s with the passage of several broad federal statutes and the creation of the Environmental Protection Agency (EPA). When you add climate change to the…, The coverages, In addition to the professional/pollution liability exposure that is addressed in a contractor’s professional and pollution policy, some contractors professional/pollution policies also offer first…, The author, Edward L. Sheiffele Jr. is executive vice president at Berkley Construction Professional, a Berkley Company. Sheiffele has more than two decades of insurance industry experience acquired within the…, Rough Notes, Reprinted with permission from the April Issue of, Rough Notes, © 2021 All Rights Reserved.
- 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…, BEST PRACTICES TO REDUCE THE RISK OF FAULTY WORKMANSHIP, There are a number of best practices general contractors can adopt to reduce the risk of faulty workmanship impacting their projects. Naturally, preventing faulty workmanship from occurring is…, Prequalify subcontractors., Confirm that the subcontractors selected for the project are reputable, have extensive experience with the scope of work and have the financial health to deliver on their contractual obligations.…, Don’t skimp, . Obtain multiple bids from multiple subcontractors so as to verify the viability of an unusually low bid., Ensure that subcontractors understand the plans and specifications., Thoroughly vet the plans and specifications with the subcontractor before the work begins to: identify ambiguities in the specifications; seek clarification from the designer regarding…, Execute robust quality control procedures before and during the construction phase., conduct pre-construction mockups of critical building components (i.e. window assemblies); and require daily inspections of the work by an experienced individual familiar with the plans and…, Foster an environment of frequent and ongoing communication, with all of the subcontractors to facilitate collaborative, proactive problem solving. Of course, the construction process is still highly human-driven and humans occasionally make mistakes. In the…, Construction Executive, Reposted from constructionexec.com, Feb. 16, 2021, a publication of Associated Builders and Contractors. ©Copyright 2021. All rights reserved.
- February 2021 This ‘hidden’ industry is often overlooked by college graduates, but it offers variety, financial security and the satisfaction of helping people when the unexpected happens. When…, Where to Start, Culture is everything. Walking into a large insurance company or even a niche brokerage firm for the first time can be confounding. There’s the language—in which policy terms, conditions and…, Follow Your Interests, Many college programs, including those offering business degrees with a major in insurance or risk management, include internships at companies big and small. This is the time to get a real sense…, Best’s Review, Contributors: Read article in, Best’s Review, As seen in, Best’s Review, . Reprinted with permission from the February Issue of, Best’s Review, . © 2021, Best’s Review, . All rights reserved.
