Design-Build Risks and Insurance

Overview

Design-Build Risk and Insurance provides an introduction to important risk management techniques and concepts for design-build construction project participants. After providing a general overview of the design-build construction project delivery method, specific attention is given to the risks encountered in design-build construction with an emphasis on those provisions that present unique or non-traditional risk allocations. Significant attention is given to the scope of coverage contractors have for these risks in their basic insurance program, and well as their professional liability insurance policies.

Find this course for your license

License or Certification

Regulator

Learning Objectives

recognize the key differences between the design-build construction project delivery method and traditional design-bid-build construction method
recognize typical contractual risk allocations and typical contract insurance requirements in design-build construction and the unique exposures and challenges they create for the project participants
identify coverage for design-build liabilities in standard insurance policies
distinguish among the mechanics of a professional liability insurance policy and the scope of coverage provided under typical contractors professional liability and architects and engineers professional liability insurance policies

Designed For:

Property and casualty risk, safety, insurance, and finance professionals

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International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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