Construction Insurance and Surety 202:
How to set your project up for success!
Wednesday, September 18, 2019 | 8:30-10:30am
Location: Arizona Builders Alliance
1661 N. Swan Road, #144, Tucson, AZ 85712
Join the ABA and Lovitt & Touché to take a deeper dive into the relationship between project structure, professional liability, bonding capacity, and how your organization culture affects the bottom line.
Who should attend:
This presentation is geared towards senior leadership, operations and financial staff.
Review the allocation of professional and operational liability across common project models:
Construction Manager at Risk (CMAR/CM@R
Identify common exposures that result from improper insurance program design - including Wrap Up programs - and the best practices to indemnify against them.
Review the role of surety bonding in construction, and what each bond type actually ensures.
Discuss key underwriting considerations for a surety, and common snags in construction.
Learn about the critical role of organizational culture in loss control and how a bottom-up approach to risk management is the most effective mechanism for consistent loss control.
Understand how the working relationship between program construction, indemnification provisions, surety and your work culture determines project success and profitability.