Remove 2020 Remove Claims Remove Insurance
article thumbnail

Beyond Driver Exoneration: How Dash Cams Reduce Exposure to Nuclear Verdicts

Construction Business Owner

A 2020 American Transportation Research Institute (ATRI) study* found: From 2015 to 2019, there were nearly 300 verdicts over $1 million; and From 2010 to 2018, the number of verdicts over $10 million nearly doubled, and the dollar amount of awards grew 51.7% 2) Develop and enforce policies and procedures that exceed regulations.

Safety 191
article thumbnail

How Dash Cams Help Your Construction Company

Construction Business Owner

The goal is to identify and address dangerous behaviors before an accident happens, protecting your company’s equipment from damage … your employees and others on the road from harm … your company from costly litigation … your insurance rates from skyrocketing … and your brand name from bad publicity. In a recent J.

Accidents 367
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Step Up Your Game on Loss Control & Claims Management

Construction Business Owner

How to Step Up Your Game on Loss Control & Claims Management. Achieving favorable terms in a hard property & casualty insurance market. Mon, 11/23/2020 - 19:11. construction claims management. Greg Ragsdale. Author Richard Kohn & William Lathem. Risk Management. Promote to rotator No. Main Image. Sponsored by.

Claims 156
article thumbnail

How to Get Better Options in Today’s Hard Insurance Market

Construction Business Owner

How to Get Better Options in Today’s Hard Insurance Market. Sun, 12/20/2020 - 15:11. construction claims management. They work with construction clients to bridge the gap between their liabilities and protecting their assets while bringing innovative vision to insurance broking to solve a company’s risk challenges.

Insurance 156
article thumbnail

#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” 2020 WL 3527909 (June 29, 2020). 2020 WL 3527909 (June 29, 2020). Mechanical Contractors, Inc. 2d 871, 880 (Fla.

article thumbnail

What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?

Safety Services Company

Insurance companies use the number to assess the cost of injuries and future risks. Your company has filed one or more workers’ compensation claims. When this happens, your insurer raises your insurance premium to mitigate risk. you will pay about 20% more for insurance. If that number spikes, the reason is simple.

article thumbnail

Top 10 States for Homeowners

Pro Builder

Fri, 09/11/2020 - 09:25. Claiming the top spot is the state of Wyoming. Indiana additionally ranks well for its low property taxes, closing costs and homeowners insurance. Meanwhile, average closing costs ($2,627) and average annual homeowners insurance ($901) are the second- and seventh-lowest, respectively. cbroderick.

Indiana 52