Washington, DC (PRWEB) March 14, 2014
In less than two weeks, WPL Publishing will host a webinar to help contractors, owners and others within the construction community address the many complex issues associated with builder’s risk insurance.
Unanticipated expenses related to course-of-construction damage to work, materials, and equipment can impair the ability of project stakeholders to meet budgetary and scheduling targets. Resulting delays can lead to other unanticipated expenses, including additional carrying costs and liquidated damages. Builder’s risk insurance often is the most effective way to manage the risk of these unanticipated costs and delays, but only if the coverage provided by the builder’s risk policy is consistent with the expectations of the owner and contractors. Among other things, the webinar is designed to help construction professionals know what to expect when it comes to builder’s risk insurance. To register for the 90-minute webinar, scheduled for Thursday, March 27, 2014, at 1:00 p.m. (EDT), visit http://tinyurl.com/ozlxznk.
The webinar will provide an overview of some of the most common coverage disputes arising between builders’ risk insurers and their insureds. The program also will provide best-management practices for owners and contractors to follow when procuring builder’s risk insurance and presenting claims to builder’s risk insurers to avoid such disputes.
Attendees of the webinar, entitled “Builder’s Risk Insurance: What Owners and Contractors Need to Know,” will be able to do the following:
- Understand the structure of a builder’s risk policy and the types of losses covered by builder’s risk policies, including coverage for soft costs and defective construction losses.
- Identify issues to consider when procuring builder’s risk insurance for a specific project.
- Learn how to draft contractual insurance specifications relating to builder’s risk coverage.
- Incorporate best practices when presenting a builder’s risk claim to avoid coverage disputes.
- Integrate builder’s risk coverage and operational property insurance to ensure that there are no gaps in coverage.
- Protect their organizations with proven contract clauses.
Addressing attendees will be Seth Lamden, a partner in the Policyholder Insurance Practice Group with the law firm of Neal, Gerber & Eisenberg LLP in Chicago. His law practice exclusively focuses on assisting insureds in resolving and avoiding disputed insurance claims. He has represented owners and contractors in connection with builders’ risk and other construction-related insurance claims. He has written more than three dozen articles and five book chapters on topics relating to insurance law and has been a featured speaker at numerous insurance law programs.
Following Mr. Lamden’s presentation, there will be an interactive 10-to-15 minute question-and-answer session addressing relevant topics.
Webinar tuition is based on location, not number of participants, so each registration site can have multiple participants for one low price. To register, visit http://tinyurl.com/ozlxznk.
WPL Publishing Co., Inc. provides expert training, education, and development resources for the construction industry via live webinars and its ConstructionPro Network website (http://www.ConstructionProNet.com). Through ConstructionPro Network, WPL publishes the independent newsletter ConstructionPro Week, providing news, analysis, and insightful commentary about recent developments involving construction law, green buildings, building information modeling, and various construction managerial technologies and techniques.