Jeanine M. Donohue | Buchalter AI technology is evolving at extraordinary speed. Its promised benefits are remarkable — increased efficiency, enhanced analytics, automation, and innovation. But alongside those benefits come meaningful risks. And risk makes insurers nervous. Before implementing AI in your business operations, it is critical to review your insurance policies to determine whether… Continue reading AI Insurance Coverage: Are You Covered for the Risk?
Tag: Risk Management
2026 Best Practices for Construction Project Insurance
Andrew Gibson | Ahead of Schedule As 2026 dawns, project insurance remains one of the most critical risk management tools for developers, builders and design professionals. Yet with multiple acronyms out there such as OCIP, CCIP, OPPI, GL, PL and SDI, defining the right insurance program is not easy. Common mistakes leading to coverage denials… Continue reading 2026 Best Practices for Construction Project Insurance
Mitigating Risk in Construction Site Preparation
Joseph Willis | Construction Executive The best defense is a good offense, and in the case of construction, the best reaction to jobsite risk is being proactive and prepared. In the realm of construction—where every project involves a multitude of moving parts, uncertainties and potential hazards—effective risk management is the key to preventing costly project… Continue reading Mitigating Risk in Construction Site Preparation
Is Your Indemnity Agreement Enforceable? How to Not Miss Out on this Critical Step in Risk Management
Maura Winters | Cozen O’Connor | September 30, 2019 Generally, indemnity agreements in construction contracts are a promise by which one party (the indemnitor) agrees to defend, indemnify, or hold harmless the other party (the indemnitee) for acts or omissions related to the project. The enforceability of indemnity agreements is a battle that will likely… Continue reading Is Your Indemnity Agreement Enforceable? How to Not Miss Out on this Critical Step in Risk Management
Risk Management 101: Tailor Your Construction Insurance Requirements to the Discipline so You Don’t Get Taken to the Cleaners
James P. Bobotek | Pillsbury Winthrop Shaw Pittman LLP | October 3, 2017 In the world of construction, whether you’re a lender, owner, contractor or subcontractor, your success hinges largely on risk management. While there’s no substitute for sound business and construction practices (such as proper preconstruction planning, proven construction means and methods, use of… Continue reading Risk Management 101: Tailor Your Construction Insurance Requirements to the Discipline so You Don’t Get Taken to the Cleaners