Claims Archives

Tame Tariff Turmoil – 6 Contract Clauses to Mitigate Risk 0
- Claims, Insurance, Outlook & Trends, Risk Management
- March 25, 2025
By Shoshana Rothman, Merchants Bonding Tariffs on construction materials mean contractors likely face increased costs and availability issues that could disrupt project budgets and timelines. A trusted surety partner can help tame the turmoil that tariffs can impose by providing expert guidance on contracts. Contracts are an important way to proactively safeguard clients’ projects; reviewing
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Project Claims – How to Avoid Pitfalls That Could Sink Your Project 0
- Best Practices, Claims
- November 26, 2024
By Michael Metz-Topodas, Saul Ewing LLP Few construction projects go as planned because of the many inherent potential problems any project has: defective work, unforeseen site conditions, design errors, and unpaid performance, to name a few. Each such setback has monetary consequences for either the contractor, who ends up doing more work, or the owner,READ MORE
How Proper Lien Waiver Management Reduces Payment Claims 0
- Cash Management, Claims, FINANCE, Improving Productivity, Payment, Risk Management
- November 26, 2024
By Patrick Hogan, handle.com Payment disputes are one of the most frustrating roadblocks on any project. They slow down cash flow, create unnecessary tension within the project, and often escalate into formal claims that consume time and resources. Fortunately, many of these disputes are avoidable. Effective lien waiver management—done with clarity and consistency—ensures all parties
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By Builders Mutual Your insurance premium isn’t just another bill to pay each month. Your coverage is an important part of your business toolbox, helping to take care of injured workers, repair or replace damaged equipment, provide financial protection, and much more. Prompt claims reporting is important for speedy action if an incident does occur and

An Ounce of Prevention is Worth a Pound of Cure: Prepare for Success on Your Construction Projects 0

By: Jim Sienicki and Christian Fernandez, Snell & Wilmer L.L.P. An ounce of prevention is worth a pound of cure—a concept subcontractors would be prudent to adopt. Often the best approach a subcontractor can take to prevent or manage claims and disputes on a project is to implement best practices before the dispute arises. This

Ready to Respond? Contractors’ Best Practices for Performance Bond Claim Preparedness 0

By Gina Lockwood, Esq., Merchants Bonding The frequency and severity of claims ebbs and flows, dependent on a variety of economic influences. But whether claims are on the rise or on the decline, contractors should always understand a surety’s claims process, and have the right practices in place to mitigate potential impacts of a claim.