Due Diligence for Insurance Coverage in Transportation Construction Contracts (2015)

Chapter: APPENDIX C CHECKLIST FOR COVERAGE REVIEW

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Suggested Citation:"APPENDIX C CHECKLIST FOR COVERAGE REVIEW." National Academies of Sciences, Engineering, and Medicine. 2015. Due Diligence for Insurance Coverage in Transportation Construction Contracts. Washington, DC: The National Academies Press. doi: 10.17226/22107.

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Page 42

Suggested Citation:"APPENDIX C CHECKLIST FOR COVERAGE REVIEW." National Academies of Sciences, Engineering, and Medicine. 2015. Due Diligence for Insurance Coverage in Transportation Construction Contracts. Washington, DC: The National Academies Press. doi: 10.17226/22107.

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C-1 APPENDIX CâCHECKLIST FOR COVERAGE REVIEW

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Due Diligence for Insurance Coverage in Transportation Construction Contracts

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TRB's National Cooperative Highway Research Program (NCHRP) Legal Research Digest 66: Due Diligence for Insurance Coverage in Transportation Construction Contracts explores the process of "due diligence," in which a transportation agency acquires objective and accurate information about its insurance companies and contractors in order to evaluate the risks of entering into an agreement and a contractual relationship. The report addresses the common issues faced by the agencies such as: proof of coverage; difficulty of interpretation of specification and insurance language; coverage disputes; lapse in coverage; and qualifying contractors for the bidding process.

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