The Construction Risk and Insurance Specialist (CRIS®) program is a specialized curriculum focusing on the insurance and risk management needs of construction projects and contractors. Anyone who designs, sells, buys, or underwrites construction insurance programs should consider taking the CRIS program. This course in particular reviews the ways in which risk is allocated in construction contracts. In addition to a technical review of the types of techniques available, this course examines strategies for maximizing the effectiveness of risk transfers in construction contracts. Topics include indemnification provisions, waivers of subrogation, limitations of liability, insurance requirements, and some of the key areas of risk allocation in standard construction contracts. Tips for writing and negotiating fair and effective insurance requirements are provided where appropriate, as well as for verifying compliance with these requirements.
This course is part of a National Designation program called the Construction Risk and Insurance Specialist (CRIS) program. Each program can certainly be taken as a standalone class, but if you are interested in seeing the courses involved and earning the designation, that information can be found HERE.
