The IRMI Construction Risk Conference (CRC) brings nearly 2,000 leading project owners, general contractors, subcontractors, developers, insurers, and insurance agents and brokers together. There is no better forum to learn the latest construction risk management and insurance trends, strategies, and tactics as well as network with leaders in the industry.
Moinday, November 11 - Wednesday, November, 13
IRMI Boot Camp - Building a Firm Foundation in Construction Risk Management
Tracy Alan Saxe and Theresa Guertin will participate and present at this year's IRMI Boot Camp. Spend 3 days immersed in learning about the construction process, risk transfer, risk financing, insurance, and claims as related to specific construction risks. This is a unique opportunity for those new to the industry to learn from "industry veterans" in construction risk management and develop relationships with leaders in the industry as well as peers. This program is designed for those with 3 years' or less construction risk management or insurance experience.
Tuesday, November 12
Indemnity and Additional Insured Triggers in Construction Contracts - Michael Pepe (SDV), Julian D. Ehrlich (Aon), Brian P. Rice (RailWorks Corp.)
The construction industry customarily relies on contractual indemnity and additional insured coverage to transfer risk between upstream parties (owners and prime contractors) and downstream parties (subcontractors and suppliers). But the interplay between these two legally distinct avenues of risk transfer has become subtle and complex. Today's construction risk and insurance professionals must be knowledgeable about limitations of contractual indemnification and the strategic importance of insurance requirements in ensuring intended risk transfers occur.
Wednesday, November 13
Top Five Trouble Spots in the Modern Project-Specific Construction CGL Policy - Jeremiah Welch (SDV), Danielle Ross (Aon)
Project-specific commercial general liability (CGL) policies (wrap-up policies) present some challenges for participants, including completed operations coverage, warranty/repair coverage, and the application of certain exclusions. This session will identify the five most troubling issues, available options for addressing the issues, and negotiation strategies, using actual claims scenarios to illustrate the real-world impact of these coverage gaps.
Wednesday, November 13
The Hidden Dangers of Wrap-Up Exclusions - Theresa Guertin (SDV)
Wrap-up exclusions have been around for a relatively short time. Although standard endorsements exist, many insurers use their own versions. Some of the variations in language are beginning to have real consequences, sometimes thwarting intended risk transfer objectives. This session will use samples of actual endorsement language to identify troublesome language so that all affected parties—owners, contractors, subcontractors, insurers, and brokers—can avoid surprises and develop a strategy for addressing coverage gaps.
For more information on the IRMI Construction Risk Conference or to register, click here.