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Construction Claims Monthly - Devoted exclusively to the problems of construction contracting since 1963

Insurance Provisions in Construction Contracts (CCL2303)

  • Product Format
    Pre Recorded Audio Conference
  • Presenter(s)
    Scott P. Pence
  • Conference Date
    Tue, August 13, 2013
  • Length
    75 minutes

Why take on unnecessary risk? Learn to understand and draft proper insurance provisions

Register now for this 75-minute audio session in which our expert speaker, SCOTT P. PENCE, will discuss in detail the most common construction contract insurance provisions—and why they are so essential to your business.

Too often, insurance provisions within construction contracts are misunderstood. Worse, many construction contracts are completely silent on insurance requirements. Misunderstanding or ignoring insurance requirements can leave the parties of a construction contract open to unnecessary risk and liability—ranging from breach of contract to monetary damages that could cripple one's business.

Don't put your next project—or your entire company—in peril. Take an in-depth look at the most common insurance provisions—the ones you should consider including in every contract. Plus, gain an essential understanding of the various forms and endorsements related to policies issued for construction projects.

This information-packed session will answer key insurance risk questions, such as:

  • When do I ask for a certificate of insurance?
  • To what extent can I rely on the information in a certificate of insurance?
  • What additional insured endorsements should I ask for?
  • What additional insured endorsements will I be able to provide?
  • What is the difference between a "claims made" policy and an "occurrence" based policy?
  • Should I agree to a waiver of subrogation?
  • What do I need to know about notices of cancellation, non-renewal, or modification?
  • Why are "no-fault" property insurance terms so important?

This presentation is appropriate for general contractors, subcontractors, architects, engineers, attorneys, project managers, construction consultants, and other professionals in the construction contracting field.

After attending this audio event, you will better understand insurance and its role in your construction contracts. Don't sign another one until you can properly specify—and protect—your rights and responsibilities.


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About the Presenter(s)


Scott P. PenceSCOTT P. PENCE is an attorney in the Tampa office of Carlton Fields, P.A., practicing construction and real estate law. Mr. Pence's practice is focused primarily on reviewing, drafting, negotiating and administering...More Info

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