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Managing the risks inherent in construction projects involves many considerations. From offices across the country, our construction attorneys advise national, regional, and local clients throughout the United States concerning all available risk management tools. Because insurance and bonds are key components, our attorneys routinely consider insurance and bonding issues, indemnity, and available alternatives when negotiating construction industry contracts, addressing mid-project disputes, and asserting and responding to construction claims.
Insurance considerations range from typical builders’ risk and general liability coverage issues, such as deductibles and self-insured retention, to the more esoteric Owner Controlled Insurance Programs (OCIP) and Contractor Controlled Insurance Programs (CCIP) that can provide specialty coverage for large projects. In some cases, project policies increase the likelihood that proceeds will be available in the event of a claim. We work regularly with construction industry insurance professionals to establish appropriate insurance profiles for our clients on projects as varied as industrial complexes, commercial buildings, multi-million dollar private residences, luxury condominiums, and mixed-use developments.
We also have demonstrated proficiency in the realm of bid, performance, and payment bonds. Our attorneys counsel owners and contractors on both local public bonding requirements as well as the advantages and disadvantages of the use of bonds on private projects. Having represented all participants in the construction process, our experience includes bond claims and negotiating and dealing with sureties.
Our attorneys are well versed in asserting and responding to claims under both liability and property insurance policies, as well as on payment and performance bonds. In addition to evaluating and tendering claims, we have extensive experience in evaluating coverage and potential coverage defenses.
Our Core Insurance and Bonding Services Include:
Risk Management Analysis and Support
Contract Review and Preparation
Insurance Coverage Evaluation
Bond Requirements
Claim Investigation and Prosecution
Negotiation and Dispute Resolution