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Paul Russell
Liability risk is high for alcohol-related events
If your business involves the sale of alcohol – or you host occasional events at which alcohol is served – you face additional liability. Liquor liability coverage is specialized liability coverage that can protect your business should your employees or guests suffer or cause an alcohol-related injury or damage. If your business serves food, you will also need specialized insurance to protect you from liability risks associated with food preparation.
Look for increase in P3 arrangements
While governments alone are funding many infrastructure projects, a number of future developments will be delivered through public private partnerships, or “P3” arrangements as they are widely known.
P3 arrangements are development projects that allocate responsibilities and risks between government and business partners through a business contract. Typically, the private sector is responsible for the more commercial functions of a project, such as design, construction, finance and operations.
While there may be a lull in current P3 projects due to both tighter credit markets and the fact that governments are backing many projects directly as the result of stimulus spending, eventually, the stimulus will run its course, credit markets will loosen (as they’ve already begun to do) and governments will be looking for cost-effective ways to tackle the backlog of aging infrastructure repair and new development that’s needed.
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