Insurances and Bonds in the Construction Industry

Presented by Donald Ardiel, B.Arch., MDE, OAA, MRAIC, PMP

This presentation provides a high-level overview of the different insurances and bonds used in the construction industry.

There are seven generic risk response strategies in any project environment. Insurances and Bonds are used as a strategy to transfer risk from one party to another. The owner of a project transfers the possible negative impact of a threat that could derail the project to the insurance company or bonding agency. Essentially the owner is buying protection. The insurance company or bonding agency are selling protection from identified project threats.

If you have any questions about this workshop or other learning opportunities for architects, please do not hesitate to contact me.

Donald Ardiel

Insurances and Bonds in the Construction Industry

Presentation Length: approximately 40 Minutes

This presentation does not have notes or sound narration.

Insurances and Bonds in the Construction Industry - handout