Insurance Archives

Tame Tariff Turmoil – 6 Contract Clauses to Mitigate Risk 0

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

7 Influences Redefining Property & Casualty Insurance 0

By The Miller Group Over the past several years, the property and casualty insurance industry has faced a prolonged hard market due to rising claim frequency and severity, social inflation, evolving cyber risks, and catastrophic natural disasters. During this time, carriers responded by tightening underwriting standards, reducing capacity, and increasing premiums across most lines of

Aiming To Be a Best-In-Class Contractor? Start By Looking at a Supplemental Application 0

By William Burke, Risk Strategies Company An insurance supplemental application is dreaded by agents and contractors alike. Most people involved with commercial insurance placements have completed a “supp app” as many call them. They are long, confusing, required and therefore synonymous with ‘punishment’. But for contractors wise enough to take a step back, they offer

Survival Strategies for Small Subcontractors in a Big-Project World 0
- Best Practices, Insurance, Risk Management
- February 25, 2025
By Patrick Hogan, handle.com Small subcontractors face a unique challenge in large commercial construction projects—big opportunities come with big risks. Long payment cycles, retainage withholding, and contract terms designed to protect general contractors and developers can make cash flow unpredictable. Without a solid strategy for managing payments, small businesses can quickly find themselves struggling to
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Understanding Additional Insured Endorsements in Construction Contracts 0
- FINANCE, Insurance, Payment
- January 28, 2025
By Gary Semmer, AssuredPartners In the construction industry, contracts define relationships, responsibilities, and expectations among contractors, subcontractors, and owners. One of the most important yet often misunderstood elements in these contracts is the Additional Insured (AI) Endorsement, which provides extended insurance coverage and is important in managing risk for all parties involved in a construction
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Project Claims – How to Avoid Pitfalls That Could Sink Your Project 0
- Best Practices, Insurance
- 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