6 min read

Indemnification Language in Construction Contracts

By Mark A. Rysberg on Mar 31, 2021 7:45:00 AM

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.

Topics: Construction
1 min read

National Work Zone Awareness Week

By Gibson on Apr 8, 2019 6:30:00 AM

Each year, National Work Zone Awareness Week brings attention to these safety, mobility, and constructability issues. As a driver, you must use extra caution in work zones to keep yourself and others safe. 

Topics: Construction Construction & Surety Commercial Risk Management Risk Management Services WhatsTheRisk
1 min read

Ask The Advisor: Surety

By Gibson on May 23, 2018 6:30:00 AM

Bill Cerney, Principal & Risk Advisor at Gibson, discusses surety capacity. Both contractors and manufacturers are often required to provide security in the form of surety bonds. Don’t wait until your customer’s contractual terms require a bond to know what bonding capacity you’re able to obtain.

Topics: Construction Construction & Surety Surety Ask The Advisor Video Library
3 min read

National Safety Stand-Down: Prevent Falls In Construction

By Gary Clark on May 7, 2018 6:30:00 AM

Protecting your employees against falls is one of the most important things you can do to ensure their safety. Year after year falls from elevation are the leading cause of death in construction, with fall protection continually being ranked first on the list of OSHA’s most frequently cited violations. You can help put a stop to these accidents by educating your employees on fall hazards and proper safety measures - not only during the National Safety Stand-Down, but throughout the entire year.

Topics: Risk Management Construction
1 min read

Ask The Advisor: Analytics

By Gibson on Apr 16, 2018 6:30:00 AM

Courtney Montfort, Risk Advisor at Gibson, discusses professional analytics. In the past, companies interested in maximizing cash flow and controlling dollars through deductibles and self-insured retentions had to use a “gut check” approach.  This created uncertainty in financial outcomes – sometimes leading to large, unexpected costs. 

Topics: Construction Ask The Advisor Video Library
2 min read

National Work Zone Awareness Week

By Gibson on Apr 9, 2018 6:30:00 AM

National Work Zone Awareness Week (NWZAW) is upon us. This year’s theme is Work Zone Safety: Everybody’s Responsibility. With warmer weather comes roadwork season. As we hit the road, it is important we are aware and alert while driving in work zones. This protects workers and ourselves.

Topics: Risk Management Construction Risk Management Services
2 min read

Group Captives for Contractors

By Gibson on Apr 2, 2018 6:30:00 AM

Group captives continue to be a viable alternative to traditional casualty insurance programs for construction firms across the country. Once reserved for firms with annual revenues more than $100 million, captives are now available to firms with annual revenues of $25 million – and in some circumstances less.

Topics: Risk Management Construction
3 min read

Surety And The Sale: Ownership Transitions And The Impact To Surety Credit

By Bill Cerney on Mar 26, 2018 6:30:00 AM

For the near term, today’s construction landscape appears to be stable. However, with the recession still in our rear-view mirror, a relatively slow recovery underway, an aging workforce, limited numbers of younger folks joining the trades, and many construction company owners nearing retirement age - the smell of transition is in the air.

Topics: Risk Management Construction
3 min read

Workplace Eye Wellness Month

By Gibson on Mar 12, 2018 6:30:00 AM

March is Workplace Eye Wellness Month. Work-related eye injuries are common and preventable.

According to OSHA and Prevent Blindness:

  • Over 2,000 people injure their eyes at work each day.
  • 1 in 10 of these injuries require one or more missed workdays.
  • 10-20% of work-related eye injuries will cause temporary or permanent vision loss.
  • Eye injuries cost over $300 million per year in lost production time, medical expenses, and workers’ compensation.
Topics: Risk Management Construction

Ask The Advisor: Professional Liability

By Gibson on Feb 12, 2018 6:30:00 AM

Brad Serf, Principal and Risk Advisor at Gibson, discusses professional liability - Many contractors face professional liability risk – particularly as the line between contractors and design firms blurs. To hear what Brad has to say, check out the video below:

Topics: Construction Construction & Surety Ask The Advisor Video Library