Abstract: A system and method for managing risk on a project may include storing project information that reflects contract risk allocation provisions and project contingencies. The project may further be insured by a coordinated set of insurance policies. The project information may further include project definitions and terms of the insurance policies. A project participant may be enabled to submit a claim for coverage under the project contingencies or insurance policies that is related to at least one project definition. At least one other project participant may be enabled to submit a response to the submitted claim. Access to the submitted claim and to at least one submitted response to may be provided to a project manager. The project manager may be enabled to submit a decision about the submitted claim. The project participants may be notified of the decision about the submitted claim by the project manager.

Abstract: A system and method for allocating risk of an insurance policy being issued by a lead insurance carrier for a project may include collecting project information associated with the project being covered by the insurance policy of the lead insurance carrier. The project information may include project provisions, contract contingencies, and insurance terms. Another potential carrier may be offered a percentage of the premium and coverage risk associated with the insurance policy. The project information may be made accessible for viewing by the potential other carrier to consider in connection with taking a percentage of the insurance policy. Information associated with the potential other carrier may be associated with the project information in response to the lead insurance carrier accepting an offer by the potential other carrier for a percentage of the insurance policy. The percentage of the insurance policy risk and premium may be communicated to the other carrier.