Contractual risk transfer is a vital part of a risk management program for contractors that is sometimes overlooked. The contractor must understand that everything it guarantees in a contract with an owner is not automatically covered by an insurance policy. Continue »
Thomas Philbin, Senior Vice President, Director of Commercial Lines for Henderson Brothers supervises property and casualty insurance sales and is the liaison with property/casualty and group insurance carriers. He has worked in contractual risk transfer to determine if an organization’s risk management program is properly structured to handle exposures it is assuming through various contracts. Philbin possesses expertise in the specialized field of directors/officers employment practices liability and fiduciary liability for non-profit and for-profit organizations. He works with high tech, real estate and construction companies who face professional exposures not commonly covered on a basic insurance policy. Philbin earned a BS in business finance from Duquesne University. Phone: 412-261-1842.
Many contractors are so focused on the bidding process that the building blocks of a great foundation for profits and winning jobs are forgotten. Continue »