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Construction Claim- Types, Causes, and Preventive Measures

The Constructor

A construction claim is the assertion of a right that requires either more time or/and payment by either party of the contract (often the contractor) for compensation of the losses brought on by the other party’s failure to uphold their portion of the responsibilities as defined in the contract.

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Top 10 Ways to Manage Workers' Compensation Exposure

Construction Business Owner

Workers’ compensation insurance pays for occupational injury and illness; that’s why you buy the insurance. In addition, if your company is large enough to have an experience modification, every claim will affect your mod factor and directly impact your costs.' Oftentimes, it is an employer’s single most expensive line of coverage.

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Workers' Compensation Claims: A Common Employer's Nightmare

Construction Business Owner

Workers’ compensation claims and how to keep them under control have always been a concern for employers. Incidents ending in claims occur in virtually all industries and can be costly and time consuming. There is no federal workers’ compensation law that addresses workplace injuries.

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Workers' Compensation 101 for Construction Firms

Construction Business Owner

Workers' Compensation 101 for Construction Firms. What you need to know to limit the number of workers' compensation claims your company deals with on an annual basis. Elizabeth Manning. Tue, 04/28/2020 - 16:06.

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Top Tactics for Controlling Workers’ Compensation

Construction Business Owner

As a business owner, you should be at least marginally conversant in the arcane vocabulary of workers’ compensation (WC), such as keeping track of your experience modification factor (EMF) or “mod.”.

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Five Steps to Avoid Workers’ Comp Fraud

Construction Business Owner

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Fraudulent claims increase immediate insurance policy costs and long-term rating discounts and modifiers. billion per year.

Insurance 215
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Workers’ Comp Fraud Protection

Construction Business Owner

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Fraudulent claims increase immediate insurance policy costs and long-term rating discounts and modifiers. billion per year.

Insurance 207