Construction Insurance, Bonding, and Risk Management

Overview

Don't let a construction lawsuit wipe you out. More and more construction contractors are getting sued these days. Make sure you protect yourself against costly litigation with Construction Insurance, Bonding and Risk Management edited by William J. Palmer, James Maloney, and John L. Heffron. Written in jargon-free language, this quick-and-easy resource will help you identify and manage risk in every phase of construction--from bidding on the job to driving home the final nail. You get the know-how you need to make sense of today's confusing array of insurance and bonds and to select the best coverage for your general business operations, individual contracts, job bidding and more.

Table of contents

Construction Insurance, Bonding, and Risk Management.
Understanding Construction Risks.
Surety Bonds for Construction Costs.
Preparing to be Bonded--Contractors and Subs.
Insurance Coverages Checklists for the Construction Industry.
General Liability Insurance.
Builder's Risk Insurance.
Workers' Compensation.
Workers Compensation Insurance Cost Control.
Environmental Impairment Liability Insurance for the General Contrator.
Professional Liability Insurance.
Contractor-Controlled Insurance Programs (CCIPs) Insurance Administration and Accounting.
Property Casualty Insurance and Risk Management.
Claims Management.
Managing Safety for Profit.
Life Insurance and Succession Planning for Contractors.

Back cover copy

Protect your business from all types of risks--insure your projects with advice from the experts. Here you'll find the answers to your questions about insurance, bonding, and risk management for all of your construction projects. This much-needed book helps you assess your requirements for insurance coverage, evaluate policies, find the fairest rates, obtain bonding, and manage risks professionally and confidently. Written by the foremsot experts at Ernst & Young LLP and Willis Corroon Construction, this authoritative guide gives you the information and methods you need to simplify and systematize your project insurance bonding, and risk management issues, and protect your business from all types of liabilities: You'll learn how to: establish your requirements for various types of insurance; determine how to get the insurance you need at the best rate; read and evaluate insurance contracts; secure bonds for both contractors and subcontractors; obtain workers compensation coverage; evaluate environmental issues; understand the role of sureties in litigation. Construction contractors and subcontractors, CPAs, law firms, and insurance and bonding agents will all welcome this comprehensive guide and the authoritative help it gives in ensuring successful outcomes for construction projects of every kind.