Continuing Legal Education

Insurance, Surety Bonds, and Bankruptcy Issues for Construction Projects

May 30, 2013
8:25 a.m. – 4:15 p.m.
6.25 MCLE hours, including 1.00 approved Professional Responsibility MCLE credit hours
Presented by Commercial Banking, Collections, and Bankruptcy, Construction Law, Insurance Law and Tort Law
Co-sponsored by Northern Illinois University College of Law

DeKalb
NIU College of Law
Swen Parson Hall
(map and directions)


Help your client protect their construction project investments with this informative full-day seminar that gives you the information you need on insurance, surety bonds, and bankruptcy issues! Attorneys and other professionals working in the construction field (including public procurement and public contract administrators, officials, and directors) who are responsible for addressing risk protection and risk-shifting on private and public construction projects who attend this seminar will better understand:

  • How to protect the rights of a person or entity who may be affected by damage or injury arising throughout a construction project;
  • The different types of insurances required for construction projects;
  • The insurance provisions found in standard commercial construction form agreements;
  • The concept of the “additional insured” and its requirements;
  • The use of wrap-up insurance products;
  • How to enforce performance, payment and other construction bonds on private and public construction projects;
  • The challenges likely to arise during a construction project bankruptcy proceeding;
  • The ethical and criminal risk issues associated with the practice of construction law; and
  • Much more!

Program Coordinators/ Moderators:
Bruce S. Bonczyk
, Law Office of Bruce S. Bonczyk, Ltd., Springfield
Samuel H. Levine, Arnstein & Lehr LLP, Chicago
Bruce H. Schoumacher, Querrey & Harrow Ltd., Chicago
Stanley N. Wasser, Feldman, Wasser, Draper & Cox, Springfield

 

Please Note: Prior to the program, you will receive a weblink via email allowing you to access the course materials prior to the program. You will also receive a copy of the course materials (for no additional charge) when you arrive at the program, but will need to check the appropriate box on the registration page letting us know if you prefer a flash drive or printed course book.

Agenda

8:25 – 8:30 a.m.  Opening Remarks
Samuel H. Levine
, Arnstein & Lehr LLP, Chicago

8:30 – 10:00 a.m. Insurance for Construction Projects
Join us for an in-depth look at the different types of insurances required for construction projects, the scope of their coverage, and their various exclusions. A discussion on the insurance provisions that appear in standard commercial construction form agreements and in Illinois public construction standard documents is included, as well as a look at the Accord Certificate most commonly used as proof of insurance coverage.
Nathan B. Hinch, Mueller, Reece & Hinch, LLC, Bloomington
Bruce H. Schoumacher, Querrey & Harrow Ltd., Chicago
Aleen R. Tiffany, Aleen R. Tiffany, P.C., Crystal Lake

10:00 – 10:15 a.m.  Break (beverages provided)

10:15 – 10:45 a.m.  Additional Insured Requirements
This informative presentation examines the concept of the “additional insured” in construction projects.
David M. Lewin, Querrey & Harrow, Chicago

10:45 – 11:30 a.m.  A/E Insurance
This segment reviews insurance requirements and issues related to the architect and engineer involvement in construction projects.
Karen Erger, Vice President, Director of Practice Risk Management, Lockton Companies, Kansas City, MO

11:30 a.m. – 12:15 p.m.  Wrap-Up Insurance and OCIP/CCIP Programs
Don’t miss this discussion on the use of wrap-up insurance products for construction projects, including Owner Controlled Insurance Programs (OCIP) and Contractor Controlled Insurance Programs (CCIP).
Steven A. Coombs, Risk Resources, LaGrange

12:15 – 1:15 p.m.  Lunch (provided)

1:15 – 2:00 p.m.  Performance Bonds, Payment Bonds, and Other Construction Bonds
This comprehensive overview explores the concept and enforcement of performance, payment and other construction bonds on private and public construction projects, including the difference in bond forms and statutory performance bond requirements applicable to Illinois Public projects.
Peter E. Karney, Vice President, Corporate Solutions Claims, North American Specialty Insurance Company, Schaumburg
Samuel H. Levine, Arnstein & Lehr LLP, Chicago

2:00 – 3:00 p.m.  Bankruptcy Issues and Construction Projects
Discover the challenges likely to arise in a bankruptcy proceeding involving a construction project by reason of competing claims to earned and unearned contract funds, liens and the interest of the various affected parties.
Peter E. Karney, Vice President, Corporate Solutions Claims, North American Specialty Insurance Company, Schaumburg
T. Scott Leo, Leo & Weber, Chicago

3:00 – 3:15 p.m.  Break (refreshments provided)

3:15 – 4:15 p.m.  Ethics and Criminal Risk Issues*
This segment examines the ethical and criminal risk issues that attorneys need to be aware of in their practice of construction law as it relates to insurance and suretyship.
Bruce S. Bonczyk, Law Office of Bruce S. Bonczyk, Ltd., Springfield
Karen Erger, Vice President, Director of Practice Risk Management, Lockton Companies, Kansas City, MO
T. Scott Leo, Leo & Weber, Chicago
Cornelius F. Riordan, Riordan Mckee & Piper, LLC, Chicago
Stanley N. Wasser, Feldman, Wasser, Draper & Cox, Springfield