Construction Bond and Contract Provisions
1 hour 5 minutes
Understand the various types of insurance policies that might apply to construction projects.
Many contractors and developers negotiate and draft contracts and are forced to bear the solvency and nonperformance risks of other parties and their contractual obligations. These exposures are often much larger than bonds or insurance purchased or other security held. Learn the major issues in negotiating and drafting such contracts, the risks that arise in these contracts, and the types and kinds of insurance policies and bonds that can be used to help address these risks. This course helps construction participants and their risk management and legal professionals understand their bond and insurance requirements and the various terms, conditions, and exclusions that they will need to understand in navigating their way to cover the losses that could occur.
• You will be able to describe various types of insurance policies that might apply on construction projects.
• You will be able to explain the difference between general and professional liability insurance policies.
• You will be able to identify exclusions that might bar insurance coverage for construction projects.
• You will be able to review your insurance policies with more confidence and knowledge.