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Who Pays for a Property Loss? Part 2
In Part 1, we discussed the major difference between Liability Insurance and Performance Bonds. In addition, we reviewed the steps the Surety must...
Who Pays for a Property Loss? Part 1
Depending on the type of construction project, the General Contractor may be required to provide both General Liability (GL) coverage along with...
Cyber Risk in the Construction Industry
Ransomware, malware, and data breaches have become part of today’s business vernacular. It may seem like the big-name consumer brands are the only...
What are the 3 Levels of Indemnification?
If you stop and think about it for a moment, why does anyone refer back to a contract? It’s, unfortunately, when a problem arises. Depending on what...
Liquidity Ratios for Contractors (Part 2)
Last week we explored the types of financial ratios available to the Contractor and began investigating liquidity ratios. This week, we will continue...
Liquidity Ratios for Contractors (Part 1)
Financial statements report the condition of a construction company and serve as a basic measurement of the company’s strength or weakness. To...
Defining and Understanding Force Majeure
Triggering a Force Majeure is about living by the exact words. These clauses are typically interpreted with a very narrow view. The words are...
Understanding Premises Operations and Products-Completed Operations
As a working Trade Contractor, your company is typically required to have General Liability (GL) coverage before entering a project site. Within your...
Will My Insurance Cover COVID-19 Claims? (Part 2)
Last week we began the dialogue on possible COVID-19 claims and what, if any, insurance coverage could be triggered. This week, we will expand that...