Industry Focus
Your Trusted Advisor For Construction Risks
Construction is one of the largest industries in the United States, employing over 7 million people and generating more than $1.9 trillion in annual construction revenues. In addition to those actively working in construction, many risk management and insurance professionals will participate in a construction project at some point in their careers.
With risk embedded in virtually every aspect of a construction project, from preconstruction planning and contracting through delivery of the project and beyond, management of this risk is paramount. For over 40 years, IRMI has been the most trusted advisor for managing and mitigating construction risks.
Featured Expert Commentary
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Your path to professional growth starts with your free IRMI Membership. Join today and access webinars, articles, white papers, newsletters, and more... all designed to enhance your insurance expertise.
Webinar - Insuring Defective Construction Claims Over the Last 50 Years: The Song Remains the Same?
The application of liability insurance to construction defect claims has long been one of the most complex and disputed coverage issues in the United States. Liability policies are designed with an attempt to cover fortuitous losses related to defective work while excluding the insured’s so-called business risks. The problem is that there is much gray area between the two which has led to literally thousands of coverage disputes between insurers and their insureds. In this webinar, Patrick J. Wielinski, author of Insurance for Defective Construction, will trace the past trends that have gotten the industry to the present day, and how those trends have contributed to current attempts at addressing defective construction coverage.
Your Speaker: Patrick J. Wielinski, Principal at Cokinos | Young
10/10/23
Featured White Paper
Effective Contractual Risk Transfer in Construction
This free report provides a concise overview of strategies for improving the contractual risk transfer process from the point of view of both the risk transferor and the risk transferee. Both legal and insurance issues are addressed. Become a free IRMI Member and get access today.
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IRMI provides you with access to conferences, certification programs, and publications that will help you establish your specialized expertise.
Earn YourCRIS Certification
The Construction Risk and Insurance Specialist (CRIS®) certification focuses on the insurance and risk management needs of construction projects and contractors.
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Join leading project owners, general contractors, subcontractors, developers, insurers, insurance agents and brokers, and coverage attorneys who are focused on the unique nuances of construction insurance and risk management.
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Subscribe to the IRMI Construction Risk Manager eNewsletter and get monthly risk management and insurance tips and news items pertaining to legal, insurance, and construction industry issues
Subscription Resources
These subscription resources, continually updated by IRMI Research Analysts, will provide you with the tools you need to effectively identify construction exposures and properly insure them.
Construction Risk Management
This reference provides you with a better understanding of construction risks and strategies for mitigating, transferring and insuring those risks. Learn how risks are commonly allocated in a construction project and how to identify and close gaps between a contractor's insurance coverages and the risks it assumes.
The Builders Risk Book
Builders risk insurance is the backbone of every construction project's insurance program because it provides a means for critical funding to quickly repair damages following a loss and get the project back on track. The Builders Risk Book delivers with an understanding of the laws governing builders risk insurance, knowledge of the risk exposures and contract requirements that must be satisfied, and specific advice for structuring the best coverage terms.
The Additional Insured Book
The effective use of additional insured status as a risk transfer strategy is a complex, but also valuable strategy in connection with a project or business relationship. The Additional Insured Book provides key insight and practical guidance into a number of cutting-edge areas, including problems with standard endorsement forms, suggestions for modifying coverage to correspond with contractual risk transfers, and critiques the good and potentially troublesome areas of a number of manuscript additional insured endorsements in use.
Additional Construction Risk Products
Insurance for Defective Construction
Updated August 2023 | Commercial General Liability (CGL) insurance claims involving defective workmanship are complicated and expensive. Protect yourself or your clients from the legal consequences and financial hardship of defective construction claims with Insurance for Defective Construction.
Design-Build Risk and Insurance
Design-build construction is an increasingly popular construction approach, but it does increase risks and present new risk management challenges. Use this reference to recognize potentially devastating design-build risks—then develop a plan to ensure you have them covered.
The Wrap-Up Guide
Implementing a wrap-up or controlled insurance program (CIP) for construction projects is now a common approach for improving project safety, reducing the cost of risk, and ensuring all contractors are covered under a broad liability insurance program.This go-to resource will walk you through everything you need to know about designing, implementing, and administering a CIP.
Find a Construction Insurance Specialist
Looking for an insurance professional that specializes in the construction industry? Our IRMI Certification Directory is a powerful online tool you can use to find someone with specialized risk management expertise by certification, location, or name.
Construction Thought Leader Videos
Risk managers, agents, brokers, attorneys, underwriters, and consultants discuss important construction risk topics like wrap-ups, additional insured endorsements, surety bonds, construction defects, and more.
