Levelset

MAY 23, 2022

Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong. One way to help protect yourself from some of these perils is by having business interruption insurance for construction. What does business interruption insurance cover ?

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Levelset

SEPTEMBER 14, 2022

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

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Insurance Liability Claims Injury 98

Construction Business Owner

DECEMBER 9, 2011

INSURANCE |. A safe work environment is one of the most straight forward ways to decrease workers compensation expenses. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. “A safe work environment is one of the most straight forward ways to decrease workers compensation expenses.”

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Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. You can practice safety and use common sense on the job, but there’s no way to predict when accidents or injuries might occur. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. .

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Insurance Liability Accidents Injury 52

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

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Insurance Liability Injury Compensation 52

Levelset

SEPTEMBER 23, 2022

Accidents happen, especially in construction. Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? Who is covered by an insurance policy? The car owner can’t go after a different contractor’s insurer for the damage.

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Insurance Liability Accidents Risk 52

Levelset

AUGUST 31, 2022

Whether you’re just starting your business or looking to change insurance carriers, it pays to go with a company that has experience and knowledge in providing insurance for the construction industry. These days you can purchase insurance on your own or go through a local agent. Best construction insurance companies.

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Insurance Liability Compensation Construction 52

FDR Safety

OCTOBER 29, 2014

Off-the-job accidents: hidden costs to employers. Off-the-job accidents: hidden costs to employers. The direct costs of on-the-job injuries and deaths are clear in the form of workers’ compensation claims, medical expenses, and potential legal liability. Accident Prevention Training' Join Our Mailing List.

Injury 120

Injury Accidents Safety Employment 120

Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Not all accidents that happen on jobs are large-scale and catastrophic.

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Insurance Liability Electrical Accidents 52

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

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Insurance Liability Construction Contract 52

Safety Services Company

DECEMBER 1, 2020

OSHA tracks this information with the goal of preventing accidents in the future. For example, accidentally reporting an injury that did not occur on the jobsite or reporting a cut or scrape that isn’t a recordable accident could have dire consequences. it means the company has had to pay for one or more worker compensation claims.

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FDR Safety

FEBRUARY 12, 2015

Companies may also wish to use the JSA process to assign a rating to the risk involved and to identify the employee/manager responsible for insuring that the proper steps are taken to address the risk. Accident Prevention FDRsafety newsletter Training' Contact us for more information.

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Safety OSHA Risk Accidents 120

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Insurance Certification Contractors Liability 52

Best Practices Construction Law

JULY 29, 2015

There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co.

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Insurance Liability Claims Electrical 48

Construction Equipment

AUGUST 17, 2018

The frequency for all claims in workers’ compensation steadily declined by 17.6 percent between 2011 and 2016, while frequency for car accidents on the job increased by 5 percent. According to data released by the National Council on Compensation Insurance, more than 40 percent of workers’…

Compensation 48

Compensation Accidents Insurance Claims 48

Levelset

SEPTEMBER 20, 2022

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job.

Insurance 40

Insurance Contractors Liability Accidents 40

Autodesk Construction Cloud

OCTOBER 5, 2023

Most importantly, it ensures accurate and real-time dissemination of information, such as safety protocols and procedures to reduce the risk of accidents or incidents. Showcasing this ability to insurance providers can help reduce insurance premiums and allow builders to divert funds to other more pressing issues such as worker compensation.

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Safety Insurance Risk Documentation 88

Levelset

AUGUST 24, 2022

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

Liability 52

Liability Risk Insurance Contractors 52

Lets Build

MAY 18, 2017

Disputes over insurance agreements can be, for example, one of those reasons. One of the project parties may feel that it’s entitled to some compensation while the insurance company, or whoever is responsible for that may have a different opinion. The reasons for a contract dispute may vary each time. Unforeseen Reasons.

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Safety Services Company

SEPTEMBER 25, 2014

Breaking this down, it means that workplace accidents caused by the lack of workplace safety programs, costs companies hundreds of millions of dollars every day. At this year’s National Safety Council (NSC) expo, it was reported that workplace injuries and fatalities cost businesses an estimated $198.2 billion a year.

Safety 48

Safety OSHA Compensation Injury 48

Safety Services Company

OCTOBER 10, 2012

Missouri law requires that an injured worker provide a written report of a workplace injury within 30 days of the date of the accident. The unintended result was that injuries which were no longer covered by workers’ compensation, could now be adjudicated in a civil lawsuit. What is a common fallacy about workplace injuries?

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Injury Compensation Insurance Employment 51

Safety Services Company

SEPTEMBER 19, 2013

According to data released by the Workers’ Compensation Insurance Rating Bureau, there were 367 roofing-related falls from scaffolds, ladders, elevations, and into openings such as skylights in California from 2008-2010. These preventable accidents resulted in total indemnity and medical costs of over $70 million.

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California Safety Compensation Regulation 49

Safety Services Company

MARCH 22, 2013

By relating information about accidents, injuries, or near misses that have occurred can reinforce the importance of the message. A key message can be the cost of accident or injury. If everyone understands the workers compensation and or health insurance will only cover about 60% of their salary on average.

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Safety Accidents Injury IDEA 63

Safety Services Company

OCTOBER 21, 2013

Despite the positive trend, the organization cautioned that too many Ontarians — especially electrical workers —are dying from electrical accidents. A recently released report from the Electrical Safety Authority (ESA) states that electricity-related deaths in Ontario declined 38 per cent the past five years.

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Electrical Safety Risk Injury 65

Safety Services Company

OCTOBER 8, 2012

It prevents workers’ compensation claims, acts as cheap insurance and allows employees to go home to their families at night, said Dennis Shepard, a member of the safety commission. 80 percent of accidents happen with vehicles,” he said. Wearing flame-resistant gear is nothing new for employees of larger energy companies.

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Wyoming Safety Commissioning Accidents 49

Levelset

SEPTEMBER 22, 2022

Many of the accidents stem from oversights that could have been prevented with more vigilance on the job. Struck-by accidents. Keeping a safe distance from power lines and marking areas where powered equipment is in use will also help minimize the risk for electrical accidents. of all deaths in the construction industry. .

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Safety Injury Risk Construction 52

Pro Builder

AUGUST 5, 2022

Falls, alone, account for up to 70% of construction-related injuries and deaths, according to Dr. Dong Zhao of Michigan State University, who has been analyzing BLS data to determine why construction accidents keep happening and to discover or refine preventive measures. Falls are the most common jobsite accidents.

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Safety Resource Injury Construction 72

Green Home Design Architect

MAY 21, 2010

Does the builder/remodeler have sufficient workers compensation and general liability insurance? If not, you may be liable for any construction-related accidents on your premises. Have you called your local Better Business Bureau? They can alert you to any complaints. Ask them if they would hire the builder/remodeler again.

Remodeling 40

Remodeling Compensation Liability Accidents 40

Safety Services Company

FEBRUARY 19, 2020

From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. This might mean that the project ran too long or the workers didn’t get the compensation they were promised. This includes taking out insurance on the project.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . This might mean that the project ran too long or the workers didn’t get the compensation they were promised. . This includes taking out insurance on the project. What's Your Plan?

Risk 62

Risk Management Construction Safety 62

Construction Lawyer

MAY 30, 2012

After the accident, the State of Minnesota passed an ordinance providing that the State may recover from its contractors any payments made by the State to bridge collapse victims to the extent that the contractor caused or contributed to the collapse. May 30, 2012 in insurance , litigation , news | Permalink. Categories. arbitration.

Liability 40

Liability Contractors Design Illinois 40

Levelset

SEPTEMBER 19, 2022

By improving safety on the job site, JSAs also reduce workers compensation insurance premiums , saving contractors money and increasing profits. These are usually the most complicated tasks or ones that have caused accidents or near misses previously. Who is responsible for completing a JSA form? What are the consequences?

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Safety Accidents OSHA Injury 52

Buisness Facilities Contributed Content

APRIL 15, 2014

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

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Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

CORPORATE BUSINESS TAX EXEMPTIONS: Available for: All insurance companies, Connecticut incorporated and non-Connecticut incorporated. Corporate income, insurance premium and sales and use taxes for certain banks, insurers and investment companies locating in the Hartford Financial Service Export Zone that conduct all business with non-U.S.

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Income Finance Zoning Equipment 75