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.

Insurance 52

Insurance Liability Compensation Construction 52

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

Insurance 52

Insurance Liability Accidents Injury 52

Construction Marketing

MARCH 2, 2023

Help with negotiations This can be difficult, as insurance companies are often reluctant to pay large settlements. An experienced attorney will know how to negotiate with insurance companies and fight for the best possible settlement for you. These damages can include payments for your pain and suffering.

Injury 266

Injury Site Defense Compensation 266

Levelset

SEPTEMBER 23, 2022

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

Insurance 52

Insurance Liability Accidents Risk 52

Construction Business Owner

AUGUST 22, 2014

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Another study by the National Insurance Crime Bureau states that the total cost of workers’ comp fraud is $7.2 billion per year.

Insurance 227

Insurance Compensation Claims 227

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.

Insurance 52

Insurance Liability Construction Contract 52

Construction Business Owner

JULY 23, 2014

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Another study by the National Insurance Crime Bureau states that the total cost of workers’ comp fraud is $7.2 billion per year.

Insurance 227

Insurance Compensation Claims 227

Construction Law Monitor

DECEMBER 27, 2012

Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. The main reason being is due to the exorbitant price of this insurance on contractors.

Compensation 51

Compensation Insurance Louisiana Contractors 51

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? Insurance policies can help your business cover the costs of both minor and major incidents.

Insurance 52

Insurance Liability Electrical Accidents 52

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.

Insurance 52

Insurance Certification Contractors Liability 52

Green Building Law Update

FEBRUARY 12, 2014

Insurance companies cannot recover environmental cleanup costs paid to their insured under the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, from another Potentially Responsible Party ( unless their insured had first pursued a separate claim to recover the cleanup costs from that PRP).

Insurance 120

Insurance Liability Legal Claims 120

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

Construction Business Owner

MAY 30, 2013

There are numerous resources to help construction companies prevent workers’ compensation claims. Companies can refer to their insurance carriers and agents or broker partners who employ consultants specializing in worker safety and injury prevention.

Injury 166

Injury Compensation Claims Insurance 166

Green Building Law Update

NOVEMBER 15, 2020

And these questions are not unfounded because as of November 1, 2020, legal industry databases of state and federal litigation are tracking more than 6,100 cases involving Covid-19 claims. All of this begs the question if a business owner’s premises liability insurance covers such claims? With Covid-19 spreading across the U.S.

Liability 293

Liability Legal Claims Insurance 293

Green Building Law Update

MAY 24, 2020

With all 50 states now in some stage of reopening from coronavirus pandemic closures, many commercial real estate owners are questioning if they can be liable for damages when someone, whether an employee of the business tenant or someone else, claims to have contracted COVID-19 at their building.

Liability 177

Liability Commercial Claims Insurance 177

Levelset

SEPTEMBER 8, 2022

When it comes to protecting your contracting business from claims and lawsuits, it can be tough to know what type of insurance you should purchase. Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. General liability insurance.

Liability 52

Liability Insurance Claims Legal 52

Safety Services Company

AUGUST 21, 2020

Insurance companies use the number to assess the cost of injuries and future risks. Lowering your EMR is important, as you can greatly reduce the amount you pay for workers’ compensation coverage. Your company has filed one or more workers’ compensation claims. you will pay about 20% more for insurance.

Insurance 62

Insurance Compensation Injury Claims 62

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.

Insurance 48

Insurance Liability Claims Electrical 48

Construction Equipment

AUGUST 17, 2018

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

Compensation 48

Compensation Accidents Insurance Claims 48

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

Best Practices Construction Law

NOVEMBER 4, 2015

When dealing with construction claims—whether one for construction defects, outstanding payment, or delay damages—an initial hurdle is making sure that proper notice has been given. Recently, a court in New York held that notice to an insurance broker was not the same as the contractually required notice to the insurance carrier.

Claims 48

Claims Change Orders Legal Schedule 48

Safety Services Company

DECEMBER 1, 2020

Experience Modification Rate or EMR is the number used by insurance companies to measure the cost of injuries in the past and the predication of future accidents or risk of a company. The lower the EMR of a business, the lower their worker compensation insurance premiums will be. What is EMR? An EMR of 1.0

OSHA 62

OSHA Accidents Injury Compensation 62

Best Practices Construction Law

NOVEMBER 2, 2012

Over my legal career, I have handled a significant amount of workers' compensation disputes, representing injured employees, defending employers and insurance carriers, and even a few years working for an appellate judge that addressed workers' compensation appeals. The National Council on Compensation Insurance, Inc.

Compensation 48

Compensation Insurance Claims Employment 48

Construction and Infrastructure Law

SEPTEMBER 29, 2020

Labor Code §§ 1020-1022), and the inability to maintain a lawsuit to recover compensation for their work. Contractors who perform work in California without being properly licensed are subject to a world of hurt, including civil and criminal penalties ( see, e.g., Cal. & Prof. Code §§ 7028, 7028.6, 7117, and Cal. Bus & Prof.

California 98

California Contractors Compensation Los Angeles 98

Construction and Infrastructure Law

SEPTEMBER 29, 2020

Labor Code §§ 1020-1022), and the inability to maintain a lawsuit to recover compensation for their work. Contractors who perform work in California without being properly licensed are subject to a world of hurt, including civil and criminal penalties ( see, e.g., Cal. & Prof. Code §§ 7028, 7028.6, 7117, and Cal. Bus & Prof.

California 52

California Contractors Compensation Los Angeles 52

Safety Services Company

OCTOBER 9, 2017

Your EMR is the number insurance carriers look at when determining what you’ll pay for a Workers’ Compensation premium. It reflects your company’s past injury and illness incidents and lets the insurance carrier calculate future risk. This also means that they will be paying up to 10 percent more in insurance premiums.

Compensation 48

Compensation Insurance Injury Risk 48

Revit OpEd

DECEMBER 22, 2017

Repeal of certain miscellaneous itemized deductions subject to the 2% floor: Under current law, employees may claim itemized deductions for certain miscellaneous expenses. Thus, under the provision, employees may not claim the above-listed items as itemized deductions for taxable years 2018 through 2025. Work-related education.

Employment 85

Employment Compensation Agreement Income 85

Levelset

AUGUST 5, 2022

Construction insurance can be confusing. Each contractor and party to the project has their own insurance, which may or may not be adequate to protect the work they’re performing. Learn more: What types of insurance do contractors need? Learn more: What types of insurance do contractors need? CCIP vs. OCIP insurance.

Insurance 52

Insurance Liability Claims Construction 52

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. Companies who have more claims than average will have a higher than average rate, for example, 1.6. STRATEGY |.

Construction 137

Construction Insurance Software Software 137

Levelset

SEPTEMBER 22, 2022

Financial distress can result from a lack of skilled labor and possible workers’ compensation insurance claims. . Continuously drinking water or sports beverages will help compensate for sweat loss that also results in less threatening occurrences of exhaustion, dizziness, and fainting.

Safety 52

Safety Injury Risk Construction 52

Constructlaw

DECEMBER 7, 2020

Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of con­tract defenses focused on excuses for non-performance. According to another, in the United States, there are pre­sently more than 1,250 pandemic insurance litigations.

Claims 40

Claims Insurance Bankruptcy Legal 40

Best Practices Construction Law

SEPTEMBER 23, 2022

Ned regularly represents clients in construction defect and compensation claims, manufacturer/dealer disputes, and insurance coverage lawsuits. He is also a South Carolina certified mediator. Ned can be reached at nnicholson@burr.com or (803) 799-9800. Reynolds v. Ryland Group, Inc., 2d 917, 921 (S.C.

South Carolina 62

South Carolina Insurance Contract Legal 62

Construction and Infrastructure Law

FEBRUARY 6, 2018

requires businesses using workers provided by a staffing firm to share “all civil legal responsibility and civil liability” for wage payments and workers’ compensation coverage. creating systems and protocols to confirm timely payment of wages to subcontractors’ workers. Section 2810.3

California 49

California Contractors Liability Employment 49

Construction Law Monitor

OCTOBER 19, 2011

Surety bonds are another form of insurance. Although they both serve to protect parties in an agreement, there are several differences between surety bonds and insurance. With insurance, risk is assigned to the insurance company that is protecting their customer. Performance and payment bonds serve the same function.

Insurance 51

Insurance Compensation Claims Agreement 51

Safety Services Company

SEPTEMBER 25, 2014

Whether the company’s’ choice was a failure to provide proper training, protective equipment, or engineering controls, the result for the company is often crippling expenses from workers’ compensation claims, medical expenses, OSHA fines, and the costs of hiring and training replacement workers.

Safety 48

Safety OSHA Compensation Injury 48

Safety Services Company

OCTOBER 10, 2012

One of the biggest hurdles facing injured workers are politicians and state legislatures that are constantly tinkering with the workers’ compensation system, in a misguided attempt to make their respective state more “business friendly.” What is a common fallacy about workplace injuries?

Injury 49

Injury Compensation Insurance Employment 49

Green Building Law Update

JUNE 7, 2020

The title is free and clear of any and all right, title, or interest of the ground lease holder, any lien of a creditor of the ground lease holder, and any person making claims in relation to the ground lease holder. Senate Bill 806/House Bill 1182 (Chs. Senate Bill 175/House Bill 108 (Chs. Senate Bill 175/House Bill 108 (Chs. Home Builders.

Maryland 227

Maryland Leases Housing Commissioning 227