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.
Learning Objectives
- 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.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Legal Considerations in Construction Contracts
- Negotiating the Contract
- Drafting the Contract
- Liability Concerns
First-Party Property and Builders Risk
- The Coverage Grant
- Exclusions
- Conditions
General Liability Insurance
- The Coverage Grant
- Exclusions
- Conditions
Professional Liability Insurance
- The Coverage Grant
- Exclusions
- Conditions
Bonds
- Bid Bonds
- Performance Bonds
- Payment Bonds
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More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 26, 2022.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- NM CLE 1.0
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hours of credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Robert E. Frankel, Esq., AIF®
Investments & Wealth Institute
Robert E. Frankel, AIF®
- General Counsel and Managing Director of Certifications at The Investments & Wealth Institute in Greenwood Village, Colorado
- Was a shareholder at the law firm of Anderson Kill & Olick, P.C. for nearly 13 years, practice concentrated primarily in insurance recovery and bad faith litigation on behalf of policyholders exclusively
- Served as Deputy City Attorney for the City of Colorado Springs, Director and Senior Corporate Counsel at DISH Network LLC, and Law Clerk for The Honorable John R. Padova of the U.S. District Court for the Eastern District of Pennsylvania
- Has written and lectured extensively on various insurance coverage topics, including numerous published articles in various periodicals and three published treatises: Insurance for Real Estate Related Entities (Fast Case 2019), Business Insurance (Fast Case 2019), Insuring Real Property Businesses (Law Journal Press, September 2007)
- Member in good standing of the Bars of the Supreme Courts of California, Colorado, and Pennsylvania, the United States Courts of Appeals for the Third and Sixth Circuits, and the United States District Courts for the Eastern District of Pennsylvania, Middle District of Pennsylvania, and the District of Colorado
- J.D. Degree, Order of the Coif, Loyola Marymount University Law School; B.A. Degree in economics, University of California at Berkeley
- Can be contacted at [email protected] or 303-850-3082
Nicholas M. Insua
Reed Smith LLP
- Partner at Reed Smith LLP
- Practice emphasizes all aspects of insurance recovery litigation and counseling, exclusively for policyholders
- Frequent speaker and lecturer on insurance law topics
- Author of a number of articles, as well as Business Income Insurance Disputes, a leading treatise on first-party property business income (interruption) insurance issues
- Member of the American Bar Association, New Jersey State Bar Association, and Pennsylvania Barr Association
- B.A. degree, Yale University; J.D. degree, with highest honors (and first in class), Rutgers Law School
- Can be contacted at [email protected]
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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