hausmann-johnson

On Demand Webinar: Material Price Escalation - Can You Lower Your Risk As Costs Soar?

The construction industry is working diligently to manage supply chain challenges. The following trends were documented in the Corelogic Q4 Quarterly Construction Insights report:

  • The cost of lumber has increased by 34%.
  • The average annual cost increase for U.S. commercial building materials was 9.6%.
  • Contractors reported material shortages of lumber, steel, and electrical products.
  • Increasing labor costs across all occupations with roofers leading the charge at almost 6%.

We've assembled a panel of experts from insurance, law, bonding, and in-the-field construction to discuss the challenges the industry is facing due to rising material prices and supply shortages.

Topic of discussion will include:

  • What is currently being experienced in the market (including horror stories!)
  • New best practices that have developed in response
  • Contract language, clauses, and solutions for negotiations
  • Should you buy materials now or wait?
  • What happens if a project is delayed or falls through?
  • Builders risk insurance and stored materials
  • How the hard insurance market factors in

Who should attend?

  • Contractors and Subcontractors
  • Developers
  • Architects and Engineers
  • Public Officials
  • Anyone working in the Construction space

Our team of panelists:

Pat McKenna, CPCU, AFSB

Moderator: Pat McKenna

Principal & Vice President - Surety at Hausmann-Johnson Insurance

Pat has been with Hausmann-Johnson Insurance since 2007, and oversees the Surety Department and the Construction Industry Group. He has been in the surety industry for over 27 years, including 13 years with a top 3 national surety underwriting company. By breaking down risk factors and demonstrating how they will be handled, he is able to help surety clients maximize individual job size.

 

Casey Malesevich

Casey Malesevich

President at Sure-Fire

Casey is President and a third-generation family owner of Sure-Fire, Inc., a residential and commercial HVAC mechanical contractor serving the Madison, Milwaukee, and Fox Valley areas since 1947. Casey (re)joined Sure-Fire in 2011 as its Risk Manager. In 2015, he was promoted to Sure-Fire’s Vice President/General Manager and in 2017 took on the President’s role from his father, Tom Malesevich.

 

Sam Daniels

Sam Daniels

Chief Operating Officer at Joe Daniels Construction

Sam Daniels is the COO at Joe Daniels Construction (Daniels General Contractors) and oversees day to day operations. Sam continues 3rd generation family ownership and leadership for the Company which is a multi-trade self-performing General Contractor located in Madison, WI.

 

Billy Nagy

Bill Nagy

Property & Casualty Consultant at Hausmann-Johnson Insurance

Bill joined the Hausmann-Johnson Insurance team in 2019. Hiss passion lies in ensuring people and their businesses are in the best position possible to be successful. He builds strong, lasting relationships with his clients who entrust him with their insurance programs so they can focus on what is most important.

 

josh levy

Josh Levy

Partner at Husch Blackwell

Years in the trenches as in-house counsel for a major construction firm have given Josh a real-world understanding of the concerns of owners, developers, architects and contractors. Each group recognizes Josh’s advice as authentic − from the onset of planning to the ribbon-cutting ceremony. He is motivated to the core to help his clients navigate the complexities of commercial construction projects.

 

John Fouhy

John Fouhy

Senior Claim Counsel at Travelers

John M. Fouhy is a Senior Claim Counsel for Travelers Casualty & Surety Company of America, where he has worked since 2010. He graduated with a B.B.A. from Pacific Lutheran University, and received his J.D. from the University of Oregon School of Law. He is admitted to practice in Washington State.

 

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This webinar is hosted by:

4764_HJI_Logo_4color_cmyk-426323-editedWith over 75 years of helping construction clients control their total cost of risk, we know that the best way to serve our clients is through specialization. With that in mind, we have a group of consultants dedicated to the construction industry and play an active role in industry associations. This allows us to stay abreast of the current industry trends that affect you.

 

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Husch Blackwell’s Construction Academy is a comprehensive, industry-based knowledge center to foster learning, create interactions and build value for its participants.  For more information about Husch Blackwell’s Academy click here