Risk Management

Indemnity Basics and Red Flags

Almost every contract a CM is asked to sign, whether prepared by a vendor, lessor, or customer, will contain one or more indemnity provisions.  Kent Pagel, SBCA’s outside national counsel will discuss the basics of indemnity clauses and what they mean and require of component manufacturers (CMs). He will discuss the implications to a CM agreeing to indemnity language as well as various industry standard replies when one-sided indemnity requests are made. Understanding indemnity basics and red flags is crucial to the risk management success and liability avoidance program of every CM.

SBCA members are helping fellow CMs evaluate their cybersecurity

With respect to your business, what do you dwell on before you go to sleep? What’s the first thing you think about when you wake up in the morning? If I were to hazard a guess, I would say the most common answer in our industry right now is related to labor challenges and greater production. Given all we have been learning at the SBCA meetings over the past year, I would argue we also need to be constantly focused on our exposure to risk.

One of the most valuable reasons to attend SBCA meetings are the unexpected things you learn. At the most recent Board meeting in San Diego, it was mentioned during the IT Committee report that they were discussing ways to educate component manufacturers (CMs) on the risks and impacts of ransomware attacks.

Why quarterly insurance policy reviews are important.

What level, if any, of responsibility does a CM assume if the contractors on the jobsite use our layout plans to do more than just put the walls together? Specifically on the job in question, the panel layout was used to place plumbing for a kitchen island. Unfortunately, the layout had the pony wall for that island out of place by 11”. As a result, there is additional work needed to relocate the plumbing.

Do you know how much coverage you have or what to do if a collision occurs?

From increasing security to improving the quality of temporary workers, the cameras Woodhaven installed six years ago have provided a significant return on investment.

OSHA announced a heightened focus on cuts and amputation hazards after having received more than 2,600 reports of amputations nationwide in 2015. One CM discusses the benefits of taking a proactive approach, starting with proper machine guarding.