It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...

Have you ever wondered about the difference between "flood damage" and "water leakage" while looking at your quote or ...

In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, focusing on FAR Part 28 and the insurance-related ...

Automation has already brought significant improvements in speed, accuracy, scaling and reach to many sectors of the economy. Other activities – like contracting – are still only in early stages of ...

Along with analyzing risk, a risk manager’s core function is to offload as much risk as possible as cost-effectively as possible. While meeting this goal is generally thought of as assembling the ...

Insurance is an essential component of responsibly operating a business. It protects the organization from having to pay a lot of money if something bad happens while providing services, like an ...

The insurance industry is on the verge of a monumental shift, driven by the integration of blockchain technology and smart contracts. Bob Brzyski For life and health insurance agents and agency owners ...

While insurance is the most recognized form of risk transfer, today the concept transcends traditional insurance policies. In project management, risks are transferred to contractors or specialized ...

Many insurance policies issued as primary layer coverage establish two separate principal duties on the part of the insurer: the duty to defend and the duty to indemnify. The duty to indemnify is the ...