Insurance Requirements and Costs in the Construction Industry
WASHINGTON UNIV SEATTLE DEPT OF CIVIL ENGINEERING
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To determine the insurance requirements of public agencies that contract construction projects, the general conditions of several agency specifications were investigated. The agencies chosen were state highway departments and municipal public works departments. A checklist was developed to record provisions relating to insurance coverage, and the data was examined to identify major differences or consistencies among agencies. It was found that the public agencies were consistent in requiring contractors to obtain insurance before construction begins. All agencies required liability insurance in one form or another. However, the insurance limits and types of coverage required varied considerably among the agencies.
- Administration and Management
- Economics and Cost Analysis