Book Release: Construction Insurance: A Guide for Attorneys and Other Professionals
CHICAGO, June 24, 2011 – An understanding of insurance as a tool to manage, transfer and finance risk of construction projects is critical for lawyers representing the range of parties involved in such ventures. A new book, published by the American Bar Association Forum on the Construction Industry, Construction Insurance: A Guide for Attorneys and Other Professionals, examines the intersection of law and construction.
This new handbook for construction lawyers was written by practitioners with considerable expertise in both construction and insurance. The book provides overviews of individual construction insurance topic areas in each chapter, chosen because of their relevance to construction lawyers.
Construction Insurance: A Guide for Attorneys and Other Professionals begins with an introduction to basic insurance and related construction delivery concepts, and discusses insurance-related contract drafting considerations. Six subsequent chapters examine each of the basic insurance products typically used for construction, with an emphasis on their place in the construction context – commercial general liability insurance, builders risk, professional liability insurance and pollution insurance. There is a chapter on the related concepts of construction contract indemnities and additional insured coverage in commercial general liability policies, and another covering performance bonds and contractor default insurance.
In addition, readers will find valuable information on special insurance considerations, the “wrap-up” insurance model and how this kind of program works, and the insurance claims process in the course of construction. Finally, there is a detailed discussion of coverage for delay-related damages under three types of insurance coverage and through performance bonds. Each chapter also provides a list of resources for further reading. The book is intended for anyone involved in the construction field who needs a complete resource on construction insurance.
The American Bar Association Forum on the Construction Industry is the largest organization of construction lawyers in the United States and abroad. Its 6,000 members are drawn from all areas of practice: large law firms, small firms, solo practitioners, government lawyers and corporate in house counsel. Members represent all segments of the construction industry: owners, design professionals, general contractors, construction managers, subcontractors, suppliers, insurers and sureties. The Forum’s mission is to serve the construction industry through education and leadership. The Forum sponsors several seminars each year on different topics. A governing committee elected by the membership guide the Forum’s activities.
With nearly 400,000 members, the American Bar Association is the largest voluntary professional membership organization in the world. As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law.
Title: Construction Insurance: A Guide for Attorneys and Other Professionals
Publisher: ABA Publishing
Pages: 512
Product Code: 5570225
ISBN: 978-1-61632-860-3
Size: 7 x 1
Binding: Paper
Price: $159.95; $139.95 for Forum Committee on the Construction Industry members
Orders: Order the book at www.ababooks.org or call 1-800-285-2221
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Editor’s note: Copies are available by sending an e-mail to Neal Cox at neal.cox@americanbar.org. If you publish a review of this book, please send tearsheets or a copy for our files to Neal Cox, c/o ABA Publishing, 321 N. Clark St., Chicago, IL 60654.
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