Coordinating insurance and risk management concerns with the need of a construction project can be challenging. In their latest, online-exclusive column in Risk Management magazine, Robert Horkovich and Kevin Connolly of Anderson, Kill & Ollick, offer some important tips to ensuring that insurance contracts and construction contracts are properly aligned.
1. Recognize the construction contract as the bedrock of risk management.
The contract documents are the place for agreements to provide insurance, as well as additional insured provisions, indemnity and exculpation clauses. They are also the place to make clear which parties are responsible for the many surprises that arise during the course of construction, from latent subsurface conditions to accidents and failures to construct the project in the manner that the owners and designers intended.
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