Liability, Risk Allocation, and Sources of Recovery for Property Damage Sustained During a Construction Project

Lorman Education Services
Training overview
Professional Course
1.5 hours

Course description

Liability, Risk Allocation, and Sources of Recovery for Property Damage Sustained During a Construction Project

Liability, Risk Allocation, and Sources of Recovery for Property Damage Sustained During a Construction Project

Do you know who pays the bill when an independent contractor causes property damage during a construction project? Construction projects of all types and sizes pose the risk of property damage caused by participants in the design and construction fields. Understanding which participants are liable for redressing damage, how participants may allocate the risks of liability and damage, and how participants may or may not be compensated for damage are topics which any individual working in the design and construction fields should understand at a basic level. This topic provides an overview of which entities may be responsible for property damage caused by an independent contractor and why, how construction participants may use written contracts to allocate for the risk of property damage through the use of indemnity, warranty, limitation of liability, and insurance provisions, and how various insurance coverages – including first party property insurance, builders risk, OCIP and CCIP, commercial general liability, and professional liability insurance – may or may not provide compensation to redress property damage.

Learning Objectives

  • You will be able to define the most common strategies participants in the design and construction fields use to allocate the risks of property damage.
  • You will be able to identify the most common sources of liability for independent contractors when property damage is sustained during construction projects.
  • You will be able to recognize how participants in the design and construction fields use insurance to hedge the risk of property damage during and after construction projects.
  • You will be able to explain what defenses independent contractors may assert when it is alleged they caused property damage.

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    Who should attend?

    This live webinar is designed for presidents, vice presidents, engineers, architects, project managers, contractors, subcontractors, developers, contract administrators, construction professionals and attorneys.

    Training content

    • Overview of Standard Construction Project ParticipantsTypes of ProjectsSources of Liability for Independent Contractors When Property Damage Is Sustained on Construction ProjectsPotential Independent Contractor Defenses to Property Damage ClaimsTypes of Potentially Recoverable DamagesContractual Allocation of Risks for Property Damage Sustained on a Construction ProjectTypes of InsuranceAdditional Insured Issues

    Costs

    The cost of this Liability, Risk Allocation, and Sources of Recovery for Property Damage Sustained During a Construction Project live webinar is $219 per participant.

    About Lorman Education Services

    Lorman Education Services

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    Contact info

    Lorman Education Services

    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

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