Construction Bond and Contract Provisions (OnDemand Webinar)

$149.00

SKU: 409638EAU

Description

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.

Date: 2022-05-26 Start Time: End Time:

Learning Objectives

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

AIA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Robert E. Frankel, Esq., AIF®-Investments & Wealth Institute, Nicholas M. Insua – Reed Smith LLP