Tim Soefje | Freeman Mathis & Gary Construction and design professional firms that ignore how to effectively manage their workforce during this Great Resignation and post-Covid remote-work era will likely experience a significant increase in professional liability and construction defect claims. In late 2021, the nation’s “quit rate” reached a 20-year high and hasn’t really… Continue reading Managing Construction Claims Risk In The Age Of Gen Z And The Great Resignation
Tag: Insurance Risk
Identifying and Accessing Coverage in Complex Construction Claims
Jeffrey J. Vita and Michael V. Pepe | Saxe Doernberger & Vita I. Introduction First-party, third-party, builder’s risk, professional liability, commercial general liability, wrap-ups, and additional insured status are all potential sources of insurance coverage for a large construction loss. Therefore, it is critical for construction industry participants, from owners and developers to general contractors… Continue reading Identifying and Accessing Coverage in Complex Construction Claims
Construction Calamity: Risk Transfer Tips for Contractors After a Catastrophic Loss
William S. Bennett | Saxe Doernberger & Vita From structural collapses to fires, the construction industry has experienced a number of high-profile catastrophes over the past decade. These disasters test the mettle of even the most experienced risk professionals and the strongest insurance programs. Issues can arise in all facets of the company’s contracts and… Continue reading Construction Calamity: Risk Transfer Tips for Contractors After a Catastrophic Loss
The Contractor’s Coronavirus Checklist
Lee-Ann Brown, J. Jackson Hill, IV and J. Christopher Selman | Bradley Arant Boult Cummings The coronavirus disease (COVID-19) continues to dominate global headlines and markets. In the U.S., COVID-19 has prompted two governors to declare states of emergency; tragically claimed the lives of multiple U.S. residents; and has been reported in 10 states and… Continue reading The Contractor’s Coronavirus Checklist
Appreciate the Risks you are Assuming in your Contract
David Adelstein | Florida Construction Legal Updates APPRECIATE THE RISKS YOU ARE ASSUMING IN YOUR CONTRACT. Otherwise, those risks will come back and bite you in the butt. This language is not capitalized for naught. Regardless of the type of contract you are entering into, there are risks you will be assuming. You need to… Continue reading Appreciate the Risks you are Assuming in your Contract