The RiverStone Group’s Post

🚧 If you utilize #subcontractors to perform work, there's a risk of subcontractor default. 👷 Subcontractor default insurance can help companies mitigate that risk. 🔎 Learn how we can help design a program that protects your reputation and your bottom line: https://lnkd.in/eSC9N3wF #NFP #Insurance #Construction #BuildersRisk #Contractors #Surety #Residential #Commercial #RealEstate #Environmental #InsuranceBrokers #PropertyandCasualty

Thanks to Joshua Munt of Insurance-Desk Services for joining me in this episode where we discuss how JCT (Joint Contracts Tribunal) Contracts can help de-risk your project. https://lnkd.in/ewD5M3sb #propertydevelopment #ukproperty

Learn all about insurance surety bonds with Tejas Auti! These bonds are crucial in road construction, ensuring protection for contractors and project owners. With this comprehensive understanding, contractors can confidently navigate the complexities of the construction industry, making informed decisions and contributing to successful road projects. Watch the video now: https://lnkd.in/digcyQjX

Interesting insight from Paul G. on a live experiment with On Side and Intact and how that trend may play out. Scope and estimating management has become a point-of-concern, and ICC Insurance Claims Collaborative Inc and itel have become the trusted source for certainty for many of the harder to quantify areas of claims settlement. With respect to national adjuster licensing, we've seen this as a major pinch-point for many years. This and restoration contractor pre-planning for mobilization strategies and costs would greatly help expedite staffing shortages, foster true partnerships when they are needed most, and manage cost expectations. Learn more about what's new in restoration and adjuster national licensing here: https://lnkd.in/g75QF7U2

Public and private construction projects benefit from having surety protection, research shows. Having a strong surety partner in uncertain times is more important than ever. Learn more about surety trends and the value of bonded projects with insights from Berkshire Hathaway Specialty Insurance in this Business Insurance Risk Perspective. https://bit.ly/4dhZMhJ #construction #BHSI #surety

Tip of the Month: The Insurance Appraisal process is often less expensive and less time consuming than a Lawsuit. Don’t get stuck in legal battles-get a fair resolution. If you’re a Restoration Contractor that has tried many unsuccessful attempts to come to an agreed upon scope of damage with your Clients Carrier, it may be time to recommend they take advantage of the Appraisal process. #insurancerestoration, #insurancemitigation, #generalcontractor, #insuranceappraisal, #insuranceclaim, #propertyinsurance, #texas, #hail, #fire, #water

For contractors, navigating the complex world of insurance and bonding is essential for the success of their business. Notably, not all insurance agents possess the expertise needed in the construction industry. Having an agent who is also a surety professional can strengthen your construction business by helping you learn how to grow your surety bond program. https://wix.to/xiRr96f #surety #suretyprofessional #suretybonds

REINSURANCE COMMUNICATIONS REINSURANCE TREATIES: EXPLORING THE KEY ELEMENTS AND BENEFITS In nearly every insurance coverage, bad faith or defense counsel legal malpractice case the insurance company is asked to produce reinsurance information and communications related to the underlying claim. This information is requested for the possibility that the insurance company has revealed something to the reinsurers that might help the policyholder or other counterparty. Whether reinsurance information is ever really helpful is a discussion for another day but what we do see from the courts is a clear trend toward compelling discovery of reinsurance information. #reinsurance #communications #reinsurancetreaty

There has been an increase in litigation, hostility and media attention in fire safety related disputes. With parties to litigation, pursuing their respective claims and defending those brought against them with great vigour and great cost. Additionally, there has been an increase in the need for Expert Witness services. Despite having plenty of new regulatory hoops to jump through, some clients have introduced a Fire Scrutineer role which if competent professionals are appointed in the first place, should not be necessary.     Now more than ever is the time to drive hard towards the highest professional and ethical standards and ensure both parties. Firm maturity and internal governance of project risk management, contractual review and quality assurance is more important than ever to protect all stakeholders and yet quality of cover in the PII market is not consistent across the board and a lack of appreciation of what some consultants are and are not covered for when signing. That's not in anyone's interest. Professional indemnity insurance is a critical factor for clients when choosing to work with professionals and goes hand in hand with service quality, technical quality, and quality assurance. BB7 has been working closely with Lockton the world's largest independent insurance brokerage for some time now as we continue the drive to raise standards.  Lockton have embraced our challenges as their own and are working proactively with us to achieve long-term goals. Just the kind of long-term collaborative relationships we like. See post below.

John Dykstra and Luke Stockdale provide an overview of common issues in insurance and reinsurance laws and regulations in the Cayman Islands for the thirteenth edition of the ICLG Insurance and Reinsurance guide published by Global Legal Group. #CaymanIslands #Insurance #Reinsurance