Insurance & Real Estate
Articles related to Insurance, Bonding, Safety and Real Estate Issues facing the construction industry. Risk management involves many considerations but it's an area that can't receive too much attention from a construction company owner or management team.
Construction performed for public entities is a staple source of work for the construction industry. These projects, however, are often times regulated by state and federal law, and can present significant challenges and additional expenses to general contractors. One such example is statutory bonds.
Increasing general liability insurance premiums and rising construction defect claims has led many construction owners to re-evaluate not only their insurance coverage but also their risk management practices.
How you handle risk management is critically important to making your involvement in multi-housing construction profitable and worry free.
There are many different sources of liability in the construction industry, thus it is essential that contractors and construction managers work together with insurers to ensure the right type of coverage from the start to end of any project.
If you have been in the construction industry for any length of time, then you recognize the importance of zoning. Zoning requirements are established to ensure that code requirements are consistently and uniformly maintained on a regular basis.
By:James T. Price, Environmental Practice Group
This is a slightly expanded version of an article published in the June 1997 issue of Ingram's magazine, a Kansas City business monthly.