Join your peers from across the construction finance industry at CFMA’s Annual Conference & Exhibitions in Colorado July 15-19, 2023, access expert-led education sessions vital to your business, make invaluable peer-to-peer networking connections, and discover mission-critical product offerings. This five-day event provides attendees a multitude of educational opportunities including mini-conferences, general sessions, breakout sessions, construction technology forums, and round table discussions which are led by subject matter experts and knowledgeable construction financial professionals.
Maximizing Builder's Risk Outcomes in Today's Climate
Monday, July 17, 2023 - 2:45 PM - 3:45 PM CDT
Jeffrey J. Vita, Saxe Doernberger & Vita, P.C.
Greg Czarnik, PROLOGIS
Eric Smith, Marsh-McLennan
As contractors and owners face rising costs, supply chain issues, and a short supply of labor, this panel will discuss best practices relating to optimizing builder's risk outcomes in today's economic climate.
Learning Objective 1
Comprehend how to approach the builder's risk insurance placement in a proactive, collaborative manner, and that all stakeholders are gathering the right data that ensures that the right coverage is arranged, at a competitive price point, and is incepted and terminated at the right times.
Learning Objective 2
Learn about important coverage extensions available that can assist in the mitigation of challenges associated with today's challenging economic climate as well as important coverage restrictions to avoid.
Learning Objective 3
Learn how to assemble and orient the right team before a claim event to efficiently navigate builder's risk claims, including broker claim advocacy, claim adjuster, claims quantification/preparation consultant, mitigation contractor, building consultant, and coverage counsel.
Learning Objective 4
Understand the faulty workmanship exclusion and how to determine which LEG is right for your project and sufficiently compliant with upstream contract requirements. Know the latest builder's risk coverage litigation trends and which coverage clauses to avoid.
Learning Objective 5
Develop a toolkit to protect your organization from "course of construction" risk when another project stakeholder is responsible for procuring the builder's risk coverage. Know your rights as an insured as well as common coverage pitfalls to be mindful of.
Click here to learn more or to register.