Indemnification is a concept whereby one party contractually agrees or is otherwise legally obligated to bear the financial risks of another party. These parties are respectively known as the indemnitor and indemnitee. The construction industry relies on indemnification clauses to manage and transfer risk. Consider some of the common indemnification provisions that may be encountered in construction contracts.

“Companies and leaders that are decisive in their people moves get their goals accomplished faster.” – Todd Smart

Being part of a winning team is a privilege. We all understand the frustrations of working with a team that doesn't feel the same passion for a project that we do. But, once you get a team sharing a singular vision and rowing in the same direction, the clarity is remarkable. Todd Smart believes that by using the simplification and prioritization techniques, that EOS provides, creating that winning team is easily within reach.

On this episode of The Edge Podcast we have Todd Smart, EOS Implementer and Co-Founder of Traction® Tools.

Have you ever felt like you're on the edge of something great? You've put in the work, you've done the hard stuff most people aren't willing to do, and now you can just sense a magical run lies ahead.

In the first season of The Edge Podcast, we talk with leaders across a wide variety of industries and learn what it's like to ride that edge and own it. You'll hear what separates out those special teams, the kind, if we're lucky, we get to be a part of maybe three or four times in our life, from the more ordinary experiences.

Join host Tim Leman as we discuss leading on the edge.

As insurance products go, cyber is in its youth. It’s a teenager, about 15 years old for argument’s sake. In its earlier years, it was widely misunderstood and easily dismissed unless your business model was truly e-commerce. However, as businesses of all types and sizes moved to the cloud and SaaS replaced in-house software on a LAN, more and more business processes were automated, and more data was accessible from anywhere.

Today we’re sharing insight from guest blogger Cat Edmonds of Blackink IT. We hope you enjoy Cat’s wisdom and perspective.

Approaching company culture in a hybrid environment can be overwhelming. Especially when circumstances arise without much forewarning (insert a global pandemic here) and require immediate action. As a leader, it becomes your responsibility to ensure your employees are able to work safely, productively, and collaboratively while also working remotely. And if this wasn’t enough stress, your leadership is also a key factor in encouraging and promoting your company’s culture.

There are different approaches on how to implement culture while working in a hybrid environment and we discussed these during a recent webinar. Below are our top 5 takeaway points for leadership.

We are playing an infinite game at Gibson. The purpose of our game is different from the finite games most of us are used to playing.

Our desired “win” is not to beat some other group, but rather to keep our deepest values “in play”. It’s our values – being authentically lived out by our amazing employee-owners – that’s creating our greatest impact. From our own employees, to our clients, friends, and community members, we’re in business to help others find their edge.

Winning a new client, hitting our numbers for the quarter, or nailing our annual goals are all meaningful milestones or measures of progress. We aim to achieve those. But they are only finite scores, with defined winners (and losers). Even a multi-year plan is just that: a longer-term goal with a specific outcome, and still a defined end.

Maybe a “goal” of continuing play doesn’t sound very exciting to those on the outside. Perhaps it inadvertently signals a lack of accountability. Nothing could be further from reality.

The term “risk transfer” means just that: a risk that one party bears is transferred to another. In reality, risk transfer in the context of a contractual transfer of risk from an insured to an insurer is better understood as a transfer of the financial costs of certain risks. For example, if a subcontractor injures a third-party or damages their property, the subcontractor’s commercial general liability policy should provide the subcontractor with defense and indemnification coverage. In other words, the financial cost of a covered risk is transferred from the insured to its insurance carrier. The ability to finance the costs of potential risks is a key tool in how most construction contracts are structured. Here is how.

Today we’re sharing insight from guest blogger Mark Olson, Owner of Athletic Mentors. We hope you enjoy Mark’s wisdom and perspective.

Whether we are discussing high performing 10-year old girls soccer teams, NHL Hockey teams, young startup companies, or Fortune 500 corporations, one quality all of these organizations share is the existence of an exceptional coach or team of coaches. They also have a leader at the top of the organization who fully supports and is fully engaged in the coaching process.

As a business owner of a human performance and wellbeing company, I wear many hats. Within my favorite realm as “Coach,” I am responsible for player development, team building and culture building for both my clients and my staff. These coaching responsibilities can be boiled down into three primary concepts or roles - Success Architect, Accountability Boss, and Emotional Currency Regulator – all of which are essential for any high performing organization.

In his book, The Power of a Positive Team, Jon Gordon addresses how teams face or react to the world around them. Circumstances and events happening around a team are not meant to define them. The team is meant to define its circumstances. The power of the team is on the inside, and when a team knows this and lives by it, it will create amazing and positive changes on the outside.

Today we’re sharing insight from guest blogger Randy Taussig, Chief Navigation Officer at BlueCore Leadership and Certified EOS Implementer^™. We hope you enjoy Randy’s wisdom and perspective.

Consistent solving and moving through issues are some of the most difficult challenges entrepreneurs face. It’s not surprising that most find it challenging and frustrating. It takes focus, discipline and a solid methodology to get it right.

Here’s where many entrepreneurs get tripped up:

#1. They don’t clearly identify the root issue. The issue produces so many pain points that they don’t know how to dig deep and identify what the real issue is.

#2. They don’t recognize big issues are made up of smaller ones. Issues might have several sub-parts or smaller issues embedded in them.

#3. They dive into unproductive discussion. Their discussion comes from a place of frustration, opinion and emotion, and it’s harder to step back and see what the real issue is.