Addressing and Managing Risks in Construction Insurance: Best Practices
Over the years, the construction industry has been one of the centers of global economic and social development. However, with the underlying complexity and range of construction projects, risks and pitfalls have also notably increased. As the industry poses dangers that create various challenges, it is imperative to be aware of the best practices to manage and mitigate risks during the construction process. Obtaining an appropriate insurance coverage that will ensure indemnity must also become one of the key considerations.
In this LIVE Webcast, experienced construction lawyers John D. North (Greenbaum Rowe Smith & Davis) and Robert Epstein (Greenberg Traurig) will provide and present to the audience an in-depth analysis of the fundamentals as well as recent developments in Addressing and Managing Risks in Construction Insurance. They will also present the important issues surrounding this significant topic including best practices to mitigate and manage risks in this evolving landscape.
Key topics include:
- The Construction Risk Management Process
- Construction Insurance and Costs
- How to Ensure Construction Risk Insurance
- Potential Construction Risks
- Best Practices
Robert Epstein, Co-Chair, National Construction Law Practice
Greenberg Traurig, LLP
- What are construction defects?
- Causes of construction defects
- Owner recourse against designer and professional liability insurance
- Owner recourse against contractor and CGL insurance
- Builder’s risk insurance
John D. North, Partner and Chair, Litigation Department
Greenbaum Rowe Smith & Davis LLP
- A discussion of the operative provisions of a standard GL policy regarding the availability of coverage for alleged construction defects.
- Provisions and endorsements that may exclude coverage or result in unexpected coverage outcomes.
- The obligation of the carrier to defend claims that fall within the coverage provisions of the policy, regardless of the merit of the underlying claim.
- “Occurrences” or events that trigger coverage for alleged construction defects.
- Allocation of expense and indemnification obligations among carriers when there are multiple policies and carriers involve.
Who Should Attend:
- Construction Project Managers
- Project Officers
- Finance Directors
- Construction Professionals
- Insurance Companies offering Construction Insurance
- Owners of Construction Projects
- Insurance Officers
- Insurance Lawyers
John D. North is chair of the Litigation Department at Greenbaum, Rowe, Smith & Davis LLP. He focuses his practice in litigation and is certified by the Supreme Court of New Jersey as a Civil Trial Attorney. His practice includes the representation of real estate developers in connection with design and construction defect litigation and the defense of claims brought under NJ’s Planned Real Estate Development Full Disclosure Act and Consumer Fraud Act. Mr. North is the author of A Trial Lawyer’s Strategic Guide to the New Jersey Rules of Evidence, a principal author of Business and Commercial Litigation in Federal Courts, and a contributing author addressing statutory disclosure requirements in Winning Legal Strategies for Construction Law.
John D. North is chair of the Litigation Department at Greenbaum, Rowe, Smith & Davis LLP. He focuses his practice …
Robert C. Epstein co-chairs Greenberg Traurig’s National Construction Law Practice. In 40 years of practice, Mr. Epstein has represented public and private owners, contractors, subcontractors, suppliers, designers, sureties, lenders and other parties involved in major construction projects throughout the country. He has handled numerous complex construction litigations and arbitrations involving claims of construction and design defects, delays, payment claims and other disputes, and is counsel of record in many published decisions in the area of construction law. Mr. Epstein is a frequent author and lecturer on construction law and is recognized as a leading construction lawyer by a variety of publications, including The Legal 500, Best Lawyers in America, Super Lawyers Magazine, American Lawyer Media and Martindale-Hubbell.
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Robert C. Epstein co-chairs Greenberg Traurig’s National Construction Law Practice. In 40 years of practice, Mr. Epstein has represented public …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
General knowledge of construction risk management
NY Category of CLE Credit:
Areas of Professional Practice
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About Greenbaum Rowe Smith & Davis LLP
Greenbaum, Rowe, Smith & Davis is a multi-practice law firm serving local, regional and national clients. As one of New Jersey’s leading law firms, the firm brings diverse and comprehensive expertise to the representation of both businesses and individuals. For over 100 years, the firm has earned the trust and loyalty of clients by providing sophisticated, creative and cost-effective representation through collaborative teamwork, proactive legal strategies, attention to detail and relationship-oriented service.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.