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A General Indemnity Agreement (GIA) is essential in terms of risk transfer, and it is a necessary component of obtaining surety bonds. The GIA is a...
Jobsites have a number of risks and it is important to be covered when working on a project. An OCIP, Owner Controlled Insurance Program, is an...
As an owner with a construction project and an eye towards risk management, you might not realize there are different Controlled Insurance Programs...
A change order is work that is added or eliminated from the original scope of work of a construction contract. This may positively or negatively...
All contractors know there are significant risks on every project that are inherent in the construction industry. A contractor's potential risk...
The construction industry has its fair share of legal terms, especially when it comes to contracts. Some important ones to understand are those...
These days, it would be difficult, if not impossible, to find a business that is not exposed to a certain level of risk in its day-to-day operations....
Last week, we defined what an insurance captive is and the 3 most common types of captives. This week, we will explore if such a performance-based...
Have you heard the term insurance captive and wondered what it was or if one was right for your construction company? Let’s take a closer look at the...