As integrated project delivery methods become more common, more and more contractors are taking on design risk.
It’s increasingly important for contractors and their counsel to consider how to delegate this risk to their design team, and how to insure it. This topic will discuss the risks of project design and strategic methods to manage design risk through contract and insurance.
Learning Objectives
- You will be able to evaluate the relationship between project delivery methods and design risk mitigation strategies.
- You will be able to recognize common contract provisions related to design risk transfer.
- You will be able to develop strategies to incorporate protective, rectification, and mitigation coverage into project risk management plans.
- You will be able to implement best practices to ensure comprehensive coverage across project phases.
Agenda
- How Do Project Delivery Methods Affect Design Risk?
- Strategies and Examples for Delegating Design and Transferring Design Risk Through Contract Provisions
- Explanation of Insurance Coverage Available for Design Risk, Including Professional Liability
- Protective Coverage, Rectification Coverage, and Mitigation Coverage
- How Does Professional Liability Fit in With Builders Risk and General Liability Coverage
- Avoiding Coverage Gaps
Speakers
Michael V. Pepe,
Saxe Doernberger & Vita, P.C.- Partner in the law firm of Saxe Doernberger & Vita, P.C.
- Practice focuses on complex insurance coverage issues in the real estate and construction industries, with a concentration on Subcontractor Default Insurance, professional liability, and cyber security matters
- Extensive experience representing real estate and construction industry professionals
- Litigation experience to help his clients avoid coverage disputes by strengthening contractual risk transfer and coverage at the time of contract drafting and negotiation, policy placements and renewal
- Frequent speaker and has written numerous publications
- J.D. degree, University of Connecticut School of Law; B.A. degree, Georgetown University
- Can be contacted at 203-287-2123 or mvp@sdvlaw.com
Who Should Attend
This live webinar is designed for presidents, vice presidents, contractors, subcontractors, engineers, architects, project managers, contract managers, developers, building owners and managers, design professionals, and attorneys.
