Bringing a construction project to fruition involves significant risks to project owners, designers, and contractors. Many of those risks will be allocated in the parties’ contracts, in turn requiring those parties to obtain insurance and further allocating risks to insurance companies. Several commonly used insurance policies are at the heart of any construction project insurance program, but there are other lesser-known types of policies that parties should consider. In my latest column for the Daily Journal of Commerce, I outline some of those insurance policies and the coverages that they provide. Read the full article here.
Originally published by the Daily Journal of Commerce on March 14, 2024.