The construction insurance industry is constantly changing and the number of available insurance products continues to grow. The result is an increasingly complex market for construction project participants to navigate. Recognizing the need for more flexibility and adaptability, a new and comprehensive insurance exhibit has been created for use in conjunction with the following AIA Documents:
Agreements are made every single day. It may be tempting to use a letter or even a handshake agreement when performing construction work on a small project. However, the harsh reality is oral agreements are difficult to prove in court and letter agreements often lack essential terms to deal with nuanced issues such as insurance, dispute resolution and contract termination.