How to protect against project losses with Daniel Fulcher

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You may have heard of one catastrophic project taking a whole construction company down - usually due to a combination of issues that may include delays, damages, and mismanagement. This has unfortunately become more common, which is why there's a new insurance product in the industry: Project Loss Insurance. Daniel Fulcher from Travelers joins us to discuss the benefits, costs, and details of how this coverage works.
Topics we cover in this episode include:

• What Project Loss Insurance is and what it covers
• How underwriting is done for Project Loss Insurance
• How a project loss is assessed
• Using PLI when exiting or scaling your business
• PLI coverage limits
• PLI and Joint Ventures

LINKS
Visit the episode page at https://contractorsuccessforum.com/PLI for more details and a transcript of the show.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
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챕터

1. How to protect against project losses with Daniel Fulcher (00:00:00)

2. What is Project Loss Insurance? (00:01:34)

3. Which projects are covered? (00:03:56)

4. How underwriting is done for Project Loss insurance (00:05:30)

5. What does Project Loss insurance cover? (00:09:00)

6. How a project loss is assessed (00:10:10)

7. Using Project Loss Insurance when exiting the business (00:11:56)

8. A Project Loss Insurance case study (00:13:58)

9. How much Project Loss coverage can you buy? (00:16:34)

10. Project Loss insurance and joint ventures (00:22:32)