Description

This course introduces important risk management and insurance concepts for all contracting parties to a construction project. It provides an overview of the ways in which insured status under another party’s insurance program can be used as a risk transfer technique and examines in detail the terms and conditions on which insured status is provided in all the major lines of construction insurance. Particular emphasis is placed on additional insured status under general liability insurance, since that is where the most important contractual risk transfers are located. The course describes and analyzes standard endorsement language used to make owners, contractors, subcontractors, lessors, and design professionals insureds under another entity’s commercial general liability (CGL) policy. It explores complex and emerging coverage issues such as “other insurance” concerns, recent revisions to the most widely used CGL additional insured endorsements, problematic coverage exposures such as completed operations and third-party-over suits, and relevant caselaw interpreting the language under which additional insured status is provided. 

Attention CRIS Designees!! 
This seminar will fulfill the update requirement for your Construction Risk and Insurance Specialist (CRIS) designation.

CEUS: 6
Instructor: Bruce Thomas