Online Risk Management Survey

1. YES NO Does your organization perform any professional design, engineering, or construction management services and if so do you have incidental professional liability coverage for these exposures.
2. YES NO Have you ever been covered under an Owner Controlled Wrap Up insurance program and if so do you have Residual Wrap Up Coverage on both your CGL and Umbrella Liability Policies.
3. YES NO Do you have any previous or inactive business entities; sole proprietorship. Partnership, LLC, JV's etc and are they named on all of your liabilities policies.
4. YES NO Could your construction activities include work on piers, wharves, docks, ships etc. and if so do you have coverage on your Workers Compensation Policy.
5. YES NO Do you have a regular procedure to review losses under your State Workers Comp Experience Modification (EM) in conjunction with your Workers Comp Insurance Loss Runs.
6. YES NO Do you use a set of standard Insurance Specifications and Exposure Date when taking quotes for you property and casualty insurance program.
7. YES NO Have you established a formal "Continuity Program" that includes Estate Planning as well as Business Planning.
8. YES NO Does your Formal "Construction Contract Review Checklist" include a review of Indemnification/Hold Harmless language in conjunction with your insurance coverage.
9. YES NO Do you require your subcontractors to "Waive Subrogation" under their contracts and is this properly interfaced with their insurance coverages.
10. YES NO Have you identified "Excluded Coverages" under your current insurance program and established other Risk Management procedures to deal with them.

 

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