SHM 453 - Construction Risk and Insurance Management

• Describe construction contract types, contractual elements, pricing schemes, and typical project delivery methods including advantages and disadvantages from a safety perspective.
• Identify and describe the primary risks of loss faced by contractors and name the type of insurance policies that address each of these loss exposures.
• Apply the risk management process in managing a contractor’s risks of loss.
• Apply appropriate techniques used to manage risk.
• Identify and describe the essential elements of the most common insurances used in the construction industry including commercial general liability, commercial auto, workers compensation, builders risk, contractor’s equipment, and commercial property.