Articles

Introduction Understanding the role of a developer in a commercial construction project can be complicated, but it is critical knowledge to have for all parties involved in the adjustment of a Builders Risk claim.  Policyholders will often include increased developer fees in their soft costs claims when they experience project delays.  The concept of developer……

The recent escalation involving Iran has once again drawn global attention to the Strait of Hormuz.  This narrow stretch of water plays a critical role in the modern energy system, linking the Persian Gulf to the open ocean via the Gulf of Oman. The U.S. Energy Information Administration (EIA) reports that this maritime corridor carries……

Introduction: Mitigating Fraud Vulnerabilities in Commercial Construction Projects The commercial construction sector, characterized by complex supply chains, extensive capital investments, and multi-party engagements, presents inherent vulnerabilities to sophisticated fraudulent activities. Unmitigated fraud significantly erodes enterprise value through direct financial losses, compounded by downstream effects such as reputational degradation, litigation exposure, and potential regulatory sanctions. This……

RFIs keep the insurance claims process focused and forward moving, imperative in all losses, but especially in builder’s risk claims where there are usually multiple parties and experts. The RFI provides something concrete that keeps everyone accountable – if the requested documentation is provided, then we can properly evaluate the claim and reconcile any differences…….

The Genesis of Construction All Risks (CAR) Insurance The complexity and inherent dangers of construction projects required a specialized form of insurance to protect both the physical works and the financial interests of all involved parties. The foundation of modern construction insurance is the Contractors’ All Risks (CAR) policy. The first dedicated CAR policy is……

Most Business Interruption (“BI”) policies indemnify for loss of turnover, rather than the loss of production itself.  Yet in manufacturing, production is usually the first area affected by an insured event. This paper explores the complex and often misunderstood relationship between lost production capacity and actual sales loss. In the modern manufacturing environment — defined……