Upcoming Webinar to Focus on Complex Issues of Builder’s Risk Insurance

WPL Publishing is hosting a webinar on March 27, 2014, entitled, “Builder’s Risk Insurance: What Owners and Contractors Need to Know”. This construction training session will go over a myriad of complex issues that come along with builder’s risk insurance. Here at the North America Heavy Equipment Training Services (NAHETS), we are always seeking out new training opportunities for our clients and this looks to be a potentially meaningful discussion.

During the course of a construction campaign, damage to materials and equipment can severely impair the ability of project stakeholders to meet budgetary and scheduling targets. Unanticipated expenses can mount up including: removal and/or replacement of damaged work, repairing other work, and preventing additional damage. When unfortunate events happen, builders-risk insurance can help a bad situation become a little more tolerable.

Operation Iraqi FreedomHowever at NAHETS we believe the best way to ensure that things stay on course as much as possible is to implement proper training at all levels. Evidence reveals that proper training for all involved will lead to better results therefore mitigating insurance claims and other issues associated with construction projects. But we understand that insurance will always be needed in the industry and this webinar will help you make the proper decisions regarding your policies.

The 90-minute webinar will focus in on several key topics and educate owners, contractors, and others in the construction industry about how to:

•  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.

Click now to register or receive more information about the Webinar: (https://www.registrationheadquarters.com/events/?a6e15a95dab84f0ea19322ee583749d7a)

Seth Lamden, a partner in the Policyholder Insurance Practice Group with the law firm of Neal, Gerber & Eisenberg LLP in Chicago, will be leading the webinar. His law practice exclusively focuses on assisting the insured 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 also 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.

WPL Publishing Co., Inc. provides expert training, education, and development resources for the construction industry via live webinars and the ConstructionPro Network website. 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.

Even after you either attend the webinar or sign up for a policy, always remember that working with NAHETS to properly train and certify your heavy equipment operators is insurance in itself.

 

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