This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors.
Unfortunately, a small mistake can lead to serious and costly accidents, especially considering the price of cranes and other heavy machines from the heavy machinery marketplace. For those installing properties using rigging equipment, the complexities of these job sites are even worse.
It also ensures you’re not spending money on hospital bills, treating injured workers, and legal liabilities. . Examples of equipment used in construction sites include bulldozers, lifting cranes, dump trucks, excavators, forklifts, etc. . They can lead to accidents or injuries. Inspect Your Machines Regularly.
Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? General Liability Insurance. Professional Liability Insurance. Professional Liability Insurance.
Because of their nature of work, snow removal contractors are usually exposed to many risks, which may include anything from third-party injuries to equipment. When it comes to the liabilities covered in the policy, it usually depends on the insurance provider or brokerage. Usually, more business means more liability risks.
A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. Promoting safety in construction sites involves ensuring operators understand standard procedures, equipment inspections, load calculations, and hazard identification.
Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency. With an app, you can use drop-down lists and you can pre-populate information like location or equipment types from your database. Mobile business apps are more accessible to businesses than ever. Employee/Contractor Timesheet.
EQUIPMENT |. Equipment Management. Equipment and Services Directory. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. I can say that the courts in most areas would hold at least the contractor liable for this accident and serious painful injury. MARKETING |.
Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Builder’s Risk Insurance General Liability Insurance Coverage Covers a building under construction—and often tools, equipment, and materials related to the project.
When you see or hear about construction accidents, they usually involve heavy equipment like cranes or scaffolding. Moreover, workers are injured or killed almost yearly by falling objects or equipment. If the construction company fails to keep the site safe, they could face liability.
“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Finally, the GC’s policy won’t provide any coverage for tools, equipment or vehicles.
EQUIPMENT |. Equipment Management. Equipment and Services Directory. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. Accidents can still happen, but you can work to prevent the vast majority of them. Public Exposure and Liability on Construction Sites. MARKETING |.
EQUIPMENT |. Equipment Management. Equipment and Services Directory. Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. As I mentioned before, communication often occurs by accident – it just happens. MARKETING |. INSURANCE |. General Management.
Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. Let’s look at why that is.
These reports can include basic information on what was completed that day and they can also be filled with little tidbits that include issues that occurred or accidents that happened. Resource availability: Information about the workers, equipment, and materials that might be needed that day.
According to data from the EHS Daily Advisor , 25,000 slip, trip, and fall accidents occur daily in the United States during the winter months. Winter Driving Accidents Snow and ice can make the muddy roads more hazardous, so it’s best to give your workers training about driving during winter weather.
With the amount of money you invest in tools and equipment, it’s crucial to protect those assets no matter where you go. Whichever route you choose, you can get some peace of mind by exploring and purchasing coverage through an equipment floater. . What is an equipment floater? Who needs equipment floater insurance?
You can practice safety and use common sense on the job, but there’s no way to predict when accidents or injuries might occur. Carpenter’s insurance is a financial instrument that helps protect your business if accidents, injuries, or illnesses occur in a work-related capacity. What is carpenter insurance?
EQUIPMENT |. Equipment Management. Equipment and Services Directory. They sponsor programs in communities or the larger market to encourage health, reduce traffic accidents, etc. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |. General Management. Software & Technology. Green Building.
Accidents happen, especially in construction. Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? What this means is that financial losses caused by accidents, mistakes, and other issues that are the fault of the general contractor will be covered under the policy.
Training also needs to be site specific, not only does the hands-on evaluation have to be completed at the employer’s site and on their equipment, but there are many different applications. Video does work well for things which are hard to describe in a picture, like tip-overs, stability pyramids and accident recreations.
In the case of catastrophic accidents, including fatalities or accidents resulting in multiple serious injuries, special care must be taken when it comes to the designation of company representatives. An effective company representative is essential to the company’s success in minimizing OSHA liability.
EQUIPMENT |. Equipment Management. Equipment and Services Directory. Our jobsite was not yet dried in, so when we had heavy rains, there was water and Carolina mud all over the concrete floors – we had an accident waiting to happen. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |.
They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. They provide general liability, property, subcontractor, and cyber protection. Next does not offer specialty coverage, like builders’ risk or pollution liability. Find an agent.
Plumbing contractor’s insurance may help your business stay afloat if accidents or injuries occur on the job. Whether you are at fault or not in an accident, attorneys’ fees can take a big chunk out of your revenue. Liability for damage. What is plumber’s insurance? A GL policy offers a wide range of protection.
Not all accidents that happen on jobs are large-scale and catastrophic. You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite.
Some parties — like owners and GCs — will want some assurances that any not-at-fault, job-related accidents or injuries will not cause them financial harm. Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may secure funding for equipment through a bank or other lender.
At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . Equipment breakdown . Pollution liability with site cleanup.
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. These include financial losses from reduced income streams or damaged equipment. You can also get business interruption insurance as part of a Business Owner’s Policy (BOP).
” You may already have an insurance policy that offers coverage for business property and general liability. This broader category of commercial insurance is designed to cover things like building materials, tools, or equipment, regardless of where these items travel. . Who needs installation floater insurance?
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. The contract may ask that each sub carry a liability amount of $2 million, for example. Who needs HVAC insurance?
Your Personal Protective Equipment (PPE) keeps you safe in the workplace from hazardous conditions that pose a threat to your safety. Many employees understand the need of wearing personal protection equipment (PPE) while on the job. Accidents and impacts. It can result in the following things-. Inhaling toxic gases.
Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g.,
Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Falls are the most common jobsite accidents. Simply, liability for injuries and fatalities extends to the builder under OSHA’s Multi-Employer Citation Policy, notes Edwin G. Foulke Jr.,
It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.
In many jobs, wearing PPE (personal protective equipment) is a crucial aspect of remaining safe, and it is extremely important for both companies and individual workers. Some employees forget to put on PPE, while others refuse to put it on or, in the worst-case scenario, refuse to put on PPE or a certain type of personal protective equipment.
A&M’s subcontract required it to assume full responsibility for implementing safety programs on the project, to maintain all work areas in a safe manner, and to furnish all safety equipment. The New Hampshire Supreme Court disagreed. ” The Court found this promise to be solely for the owner’s benefit.
3) Use and Maintenance: Building operation including energy consumption, water usage, environmental waste generation, repair and replacement of building assemblies and systems, and transport and equipment use for repair and replacement. 2) Construction: All activities relating to the actual building project construction. NBIMS Version 1. .
Opponents of the law also claim that it has increased the cost of liability insurance, making it challenging for contractors to obtain coverage and build in New York. ” “If contractors and property owners followed the law and provided safety equipment, there would be fewer construction site falls and fewer lawsuits.
Missouri law requires that an injured worker provide a written report of a workplace injury within 30 days of the date of the accident. In Missouri, the worker is required to give written notification within 30 days of having sustained the accident. When should an employee report a workplace injury to their employer?
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content