Heavy-highway contractors engaged in transportation and infrastructure projects frequently rely on independent haulers to transport materials and equipment. This practice also pertains to excavators, utility contractors, precasters, steel fabricators, pavers, and other contractors and material manufacturers. The use of independent contract haulers warrants a review of contractual risk-transfer procedures and controls to reduce latent liability for contractors and manufacturers alike. Failure to do so can result in significant insurance and risk management gaps that could result in financial losses and legal liability.
This article will cover:
- Why Contractual Risk Transfer is Sometimes Overlooked in Contract Hauling
- Common Gaps Identified in Contract Hauling
- "Hidden" Risks Embedded in Contract Hauling
- Recommended Legal Considerations
- Recommended Insurance and Risk Management Considerations
- Realities of Contractual Risk Transfer
Written by Cal Beyer, VP of Large Account Sales and Development, Murray Securus and Jennifer M. Horn, J.D., partner in the Construction Group, Cohen Seglias Pallas Greenhall & Furman P.C.
Click here to read 'Managing Risks in Hiring Independent Contractors to Transport Construction Materials and Equipment'.