Remove 2020 Remove Insurance Remove Liability
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

2020 Guide to Construction Cost Estimating

Job Order Contracting

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage.

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 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. 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. Greg Ragsdale.

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.

article thumbnail

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

Construction Business Owner

Achieving favorable terms in a hard property & casualty insurance market. Mon, 11/23/2020 - 19:11. 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. Greg Ragsdale.

Claims 156
article thumbnail

Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work. For this reason, contractor management and prequalification are an essential part of contractor vetting: they protect hiring clients from liabilities and severe reputational damages.

article thumbnail

Is Your Construction Team Prepared for Cyber Risks?

Pro Builder

Mon, 12/07/2020 - 06:00. While there are several cyber risks to monitor, ransomware and business email compromise attacks are two of the most common challenges we see contractors faced within our roles at Sentry Insurance. Is Your Construction Team Prepared for Cyber Risks? Ransomware. An extortion demand is then made by the attacker.

Risk 92