Cost blowouts & contract traps: Keeping construction projects insurable

Insurance Business TV’s fourth and final construction insurance panel of 2025 examines how brokers can navigate cost blowouts, delays and hidden contract traps as project values and timelines escalate. Hutch Underwriting’s Chief Underwriting Officer Dominique Vagi joins Austin Rosier of OmniSure and Peter Jeeves of Lockton to unpack common gaps between head contract assumptions and what contract works and liability policies actually cover, the risks around liquidated damages, betterment and long project overruns, and practical tactics for scanning contracts quickly, monitoring sums insured and periods, and keeping complex projects bankable and insurable.