Introduction

If you are a construction professional and believe you understand insurance well enough to protect yourself, your loved ones, your staff, your clients, and the public, think twice. We are dead serious. Insurance is an absolute necessity, and it's high time to buckle down and learn the basics as they apply to buildings and building.

In addition to inspection and testing, estimating, and quality and construction management services, for the past 20 years, our business has been involved in hundreds of building claims and litigation matters, including expert witness testimony. We have been hired to assess the liability of many thousands of project participants. In this program, we will leverage our experience to explain the importance of risk mitigation, outline the types of insurance relevant to the building industry, and define the roles of the various stakeholders at each step of the process.

While this program undoubtedly provides valuable insights for construction and legal professionals seeking to broaden their grasp of insurance as it pertains to their fields, insurance professionals can also find value in this program as a communication tool when engaging with clients who may not possess any prior insurance knowledge. The 'curse of knowledge' often leads experts to unintentionally presume a shared foundation of understanding on topics they encounter daily. Even when attempting to convey 'just the basics,' experts often grapple with the challenge of simplifying a subject they are deeply familiar with into plain, everyday language.

Learning Objectives

• Define the basic concepts of insurance in language anyone can easily comprehend.

• Explain the fundamentals of insurance as it applies to buildings and understand why they are important.

• Understand the types of coverage relevant to the construction industry and the legal issues associated with them.

• Examine real-world case studies to understand how insurance is involved in issues related to construction.

Program Outline

1. Introduction

2. Risk Management

3. Roles & Responsibilities

4. Types of Insurance

5. Coverage Basics

6. Conclusion

Our Panel

Continuing Education Credit

A disclaimer that this webinar requires you to answer all polling questions to receive continuing education credit. Credit will not be given to those who miss a polling question, or to those that are determined to be inattentive by On24's software. Some states require an affidavit for credit eligibility, which will be sent to the appropriate attendees via email after the webinar. This affidavit can also be completed during the live webinar using the widget provided on screen. The entire program must be attended live to receive credit, and continuing education certificates will be sent out within one week of the webinar.

This webinar is either approved or is pending approval for 1.0 credit hour of both CE (insurance) and MCLE (legal) continuing education credit in the following states:

• Texas

• California

• Nevada

• Florida