Construction Risk Management and Allocation Essentials

Risk allocation and management are crucial for the success and sustainability of construction projects. Effective risk management involves careful contract drafting and adequate insurance coverage. State laws often limit the scope of contractual indemnities, making it essential to understand the legal landscape and craft contracts that provide necessary protections without overstepping boundaries. Additionally, gaps in insurance coverage can increase vulnerability to unforeseen risks. Find everything you need to learn strategies and best practices for risk allocation in construction.

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Related Content

• Construction Contract Indemnification Provisions
  Read this practice note for strategies on drafting indemnification provisions in construction contracts.

• Builders Risk Insurance and Its Use in Construction Projects
  Learn about the use of builders risk insurance for construction projects.

• Demand Letter for Indemnification (Construction Contract)
  Use this demand letter to enforce indemnification obligations under a construction contract.

• Limited Indemnity Clause (by Contractor of Owner for Third Party Claims and Optional Indemnity by Owner of Contractor)
  Include this indemnity clause in your next construction contract.

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