Course description
Construction Bond and Contract Provisions
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.
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Upcoming start dates
Who should attend?
This live webinar is designed for attorneys, presidents, vice presidents, construction and project managers, architects, engineers, contract managers, developers, contractors, subcontractors, and other construction professionals.
Training content
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
Certification / Credits
Credits: AIA ,CLE, ENG
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.
Contact this provider
Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...