https://completemarkets.com/Article/article-post/2119/INSURING-CONTRACTORS-BE-CAREFUL-IT-CAN-BE-A-BIG-E-O-HEADACHE/
...ldn't be provided, and the client's bid was rejected. The manufacturer sued the broker, agent, and carrier for loss of business. This cl...ca National Insurance Co. E&O Bulletin and is reproduced with permission. Curt...
https://completemarkets.com/Article/article-post/1629/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-1-OF-4/
...ases. Risk managers may also handle bid, performance, and permit bonds. Professional Networ...coordinate insurance-buying expertise, and (2) you'll upgrade the risk manager...
https://completemarkets.com/Article/article-post/2800/Best-Insurance-Plans-That-Protect-Large-Scale-Contractor-Operations/
...licy will be accepted on commercial bids and that the carrier has the financia... contract requirements for all current and upcoming projects. Workers' compensation structure and multi-state coverage consistency ar...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1629/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-1-OF-4/
... method of obtaining what loss-prevention counsel is needed. Risk Function Administration. Miscellaneous duties include supervising contractors' Certificates of Insurance, attending public hearings on insurance matters, and helping legal counsel develop standards for such items as purchase orders and leases. Risk managers may also handle bid, performance, and permit bonds. Professional Networking. As in any professional field, continual contact with peers is essential. Membership in the following groups is recommended: Public Risk and Insurance Management Association (PRIMA) 1101 Connecticut Ave. N.W., Suite 1009 ... , DC 20036 (202) 293-1892 Risk and Insurance Management Association (RIMS) 205 E. 42nd St. New York, NY 10017 (212) 557-3210 Employee Benefits Roughly half of all risk managers also have responsibility for employee benefits. Some consider benefits to be part of risk management, but others disagree, saying that benefits are not risks but deliberately assumed costs. Most agree, however, that they're separate professional fields, overlapping only in that they both may call for the purchase of insurance-although usually through different markets. There ... of experience, the risk manager should: Physically inspect major properties often enough to know what's going on Talk regularly with key staff and operating officials Study the annual budget to attain a feel for each activity's financial aspects Review all requests for funds for changes Read contracts, bond indentures, leases, and similar documents that may have insurance clauses or indemnity (hold harmless) provisions Study reports of all insured and self-insured losses Read minutes of meetings of the governing body, and review the agenda to see whether any item has risk-management implications Establish ...