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Does GC Insurance Cover Subcontractors?

Levelset

General contractors know these risks when they take the role. At their core, insurance policies are agreements between two parties: the insurer and the policyholder. However, with the amount of risk involved in a standard construction project, general contractors typically need to hold multiple policies.

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Fieldwire - Untitled Article

Fieldwire

As a result, construction businesses have a key role to play in addressing the climate emergency and reducing the consumption of fossil fuels by 40% by 2030, as agreed as the common goal set by the Paris Agreement. Bureau of Labor Statistics , there were 5,190 fatal work injuries recorded in the United States in 2021.

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

Below is a list of coverages that can be obtained through a separate policy or amendment to an existing agreement. . General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite. General liability may help pay for the cost of repair. . Protecting your property.

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constructionattorneyblog: Risks in LEED design

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Risks in LEED design.

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Top OSHA Violations in Construction (2021)

Levelset

OSHA averages more than 30,000 inspections annually , including many unscheduled visits arising from employee complaints or injuries. This standard ( 1926.100 ) requires all employees to wear head protection anytime there is a risk of head injury from “impact, or from falling or flying objects, or from electrical shock and burns.”

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Construction Risk Management: What to do when your project goes wrong

Lets Build

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Types of risk in construction.

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Additional Insured Endorsements & How They Work in Construction

Levelset

An additional insured agreement allows a policyholder to extend their business insurance coverage to a specific third party. Among a number of other issues, insurance risk shifting is a concern for carriers. In addition, any other additional insured needs should be viewed as part of the company’s risk transfer program.