article thumbnail

How to Prepare for Unexpected Risk Exposure

Construction Business Owner

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.

Risk 356
article thumbnail

6 Major Liabilities that Estimators Can Overcome

Construction Business Owner

Now, contractors who rely on spreadsheets find themselves at a disadvantage when they compete against companies equipped with estimating software. When pencils, paper and calculators were the go-to tools for estimating, spreadsheets represented a major breakthrough to contractors looking for a smarter solution.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Heavy Equipment Rental Companies Profitably Ensure Uptime

Construction Business Owner

For heavy equipment rental companies, business is only as good as their equipment uptime because assets can quickly turn into costly liabilities when they fail in the field. Without proper care, faulty equipment will also turn good customers into ex-customers, as well as decrease service life and resale value.

Equipment 120
article thumbnail

15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

There are all sorts of equipment and materials needed to start a roofing and guttering business. Roofing equipment and materials. Insurance, liability, and workers’ compensation . 3) Equipment and materials. Roofing and guttering equipment and materials need to be acquired before you can start your business.

Insurance 296
article thumbnail

Factors to Know About Crane and Rigging Insurance

Construction Marketing

For those installing properties using rigging equipment, the complexities of these job sites are even worse. Rigging insurance, also known as riggers liability insurance, provides cover against property loss or damage when on the hook of cranes. Items such as telecom equipment, generators, and air conditioning units are very expensive.

Insurance 174
article thumbnail

5 Safety Precautions For Multi-Level Construction Sites

Construction Marketing

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. . Avoid that from happening by inspecting your equipment regularly. .

Safety 357
article thumbnail

NexTraq Boosts Safety & Liability Offer

Construction Equipment

NexTraq is improving its Safety and Liability Protection offer for its Dashcam by adding feature updates to the high-definition vehicle incident camera system solution. Fleet managers will now be able to request specific videos and images for specific dates, times, or locations for insight into…