Construction Business Owner

JUNE 21, 2016

One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage. There are numerous ways that contract parties can shift the risk of certain types of losses between each other.

Insurance 195

Insurance Liability Agreement Risk 195

Construction Business Owner

JUNE 18, 2018

Why you should work with an insurance broker who understands & takes steps to protect every aspect of your business operations. If your insurance broker is simply negotiating pricing and accepting the terms and conditions offered by carriers and underwriters, it is time to hire a new broker. .

Insurance 200

Insurance Negotiation 200

Construction Marketing

OCTOBER 19, 2021

Having snow removal insurance is important, considering the risks and dangers of snow removal and deicing. This article will show you the things you need to know about snow removal insurance. . What Is Snow Removal Insurance? Snow removal insurance can offer a wide variety of policies to protect contractors and their businesses.

Insurance 185

Insurance Legal Compensation Injury 185

Construction Business Owner

MAY 15, 2018

In addition to lawsuits filed by private citizens, claims filed by federal, state and city regulators are causing more businesses to purchase Employment Practices Liability Insurance (EPLI).

Liability 209

Liability Insurance Employment United States 209

Construction Business Owner

AUGUST 16, 2018

Twenty years ago, no one had heard of cyber insurance, and a hacker was someone with a cough. As recently as 10 years ago, many people still did not know how exposed they were to clandestine attacks on their data.

Insurance 429

Insurance 429

Business Facilities

DECEMBER 30, 2020

The Hartford Region is home to the headquarters of most of the leading global players in the insurance sector. The insurance industry generates more than $16 billion in output in the region, employing more than 70,000. Read: Insurance Industry Locations: Shaping The New World Of Insurance at BusinessFacilities.com.

Insurance 144

Insurance Industrial Employment New Jersey 144

Construction Marketing

JANUARY 13, 2022

Fortunately, crane and rigging insurance provide protection and compensation. However, understanding these insurance policies is key to maximizing your benefits. What is crane and rigging insurance? Other common crane and rigging insurance types include: Boom truck operator insurance.

Insurance 167

Insurance Liability Compensation Accidents 167

Construction Marketing

DECEMBER 27, 2021

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? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

Insurance 156

Insurance Contractors Accidents Liability 156

Construction Business Owner

NOVEMBER 7, 2023

These cost escalations can directly correlate to higher insurance premiums, reduced risk appetite from insurance carriers, and a lack of policy extensions for project policies. However, in the face of rising costs and shifting risk landscapes, these insurance options are becoming increasingly complex to navigate.

Risk 354

Risk Insurance Construction Security 354

Construction Business Owner

MAY 8, 2019

Your leadership team spends hundreds of hours agonizing over any one project's schedule—what workers should be hired for which phase of the project; what materials should be shipped to the site when; when and how often project owners should be brought in for a status update; and more.

Insurance 237

Insurance Schedule Environment Materials 237

Construction Dive

OCTOBER 14, 2024

With Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact when filing insurance claims.

Insurance 149

Insurance Claims Documentation Estimating 149

Construction Marketing

JANUARY 24, 2022

If you, as an employer, have 1099 employees on your staff from time to time, you may be wondering whether you are required to provide health insurance to them. Oftentimes, contracted employees are cheaper for a business, as they are not required to extend group health insurance coverage to them. What is a 1099 Employee?

Insurance 156

Insurance Plans Contractors Employment 156

The Constructor

JUNE 25, 2022

If you’re a part of a construction company, you must realize how important it is to have reliable equipment. Without the right tools and.

Equipment 264

Equipment Insurance Construction Engineering 264

Construction Business Owner

SEPTEMBER 20, 2021

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

Risk Liability Insurance Compensation 356

Construction Business Owner

MAY 30, 2013

The cost of theft in the construction industry is estimated to be a billion dollars by the National Insurance Crime Bureau. Additionally, heavy equipment owners can’t rely entirely on insurance to offset the cost of theft. If you suffer such a loss, you will also suffer the costs of higher insurance premiums and, often, lost job time.

Insurance 304

Insurance Equipment Estimating Risk 304

Construction Business Owner

JUNE 27, 2024

Water damage has long been one of the most common insurance claims in the industry, and it now accounts for up to one-third of all payouts on builder’s risk policies. The cost of those payouts has been rising steeply for several years, and insurers have consequently taken severe steps to mitigate their risks.

Insurance 316

Insurance Risk Claims Accounting 316

Construction Business Owner

OCTOBER 14, 2015

General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program.

Insurance 120

Insurance Liability Risk Contract 120

Construction Business Owner

OCTOBER 30, 2024

Munich Re Specialty offers a wide range of insurance solutions and services for your construction business during challenging market conditions. This arrangement allows firms to maintain their client relationships, but successfully stretch experience into new project types or geographies. © Copyright 2024. © Copyright 2024.

Industrial 364

Industrial Insurance Construction Risk 364

Construction Business Owner

JANUARY 28, 2022

Travelers, the second-largest writer of United States commercial property casualty insurance and the largest writer of surety bonds in North America, has released the findings of a new infrastructure study that followed 224 heavy civil construction projects from 2004 to 2020. Alex Headley. Fri, 01/28/2022 - 08:30.

Infrastructure 374

Infrastructure Design United States Travel 374

Construction Business Owner

JULY 23, 2021

To significantly reduce the chances of this occurring, consider the following tips for ensuring you have the right insurance partner and coverage to meet your business needs. . Choose the Right Insurance Partner. not covered.

Claims 317

Claims Insurance Liability Accidents 317

Construction Business Owner

MARCH 10, 2020

As the coronavirus continues to spread rapidly around the world, here's what to know to insure your business. Coronavirus: Are You Liable if Your Employees Test Positive? Elizabeth Manning. Tue, 03/10/2020 - 10:31. Are you liable if your employees test positive for COVID-19?

Insurance 352

Insurance 352

Construction Equipment

JANUARY 6, 2021

Zurich North America offers Construction Weather Parametric Insurance does not require physical loss or damage in order to claim weather-related losses. Parametric insurance sets predetermined parameters and payments—agreed upon by the insurer and the customer during the application process—for…

Insurance 117

Insurance Claims America Construction 117

Construction Business Owner

OCTOBER 30, 2015

Drones are well suited for applications in construction, agriculture, energy, wireless communications, insurance, search and rescue, law enforcement, firefighting, real estate, photography and film. Unmanned aircraft systems (UAS), commonly referred to as drones, represent an enormous growth industry with potential uses across many trades.

Insurance 120

Insurance Industrial Construction 120

Construction Dive

NOVEMBER 13, 2023

While many are quick to blame the macro trend of inflation for property insurance increases, there are actual events with consequences inherent to the Florida market, that should be credited for the recent developments.

Insurance 133

Insurance Florida 133

Construction Dive

DECEMBER 18, 2023

The ruling, passed down from the state’s supreme court, could affect which issues contractors choose to litigate with insurers across the country.

Insurance 139

Insurance Liability Illinois Contractors 139

Construction Business Owner

OCTOBER 6, 2021

Construction Insurance. Liberty Mutual Insurance. A savvy new contractor is one who anticipates and protects their fledgling business against the many challenges both on the jobsite and back at the office. Here are 12 common pitfalls contractors face when starting out. . Promote to rotator No. Main Image. Sponsored by. contractors.

Contractors 317

Contractors Cash Flow Insurance Office 317

Construction Business Owner

OCTOBER 20, 2014

Large employers that average 100 or more full-time equivalent employees during 2014 (50 or more during 2015) are required to begin offering health insurance to their workers Jan. While smaller employers are not legally required to provide health insurance under ACA, every individual in the U.S.

Insurance 275

Insurance Employment Legal 275

Construction Equipment

FEBRUARY 8, 2021

Insurance companies offer usage-based insurance (UBI) in the automotive industry, but heavy equipment managers will probably not find anything similar for several years. UBI uses telematics to tie insurance costs to the way a vehicle is operated. Equipment managers may still benefit from telematics…

Insurance 118

Insurance Equipment Management Industrial 118

Construction Business Owner

FEBRUARY 26, 2014

Workers’ compensation insurance pays for occupational injury and illness; that’s why you buy the insurance. What many contractors fail to grasp, however, is that some significant indirect costs are not covered by insurance. Oftentimes, it is an employer’s single most expensive line of coverage.

Compensation 260

Compensation Insurance Management Injury 260

Construction Business Owner

OCTOBER 1, 2024

The goal is to identify and address dangerous behaviors before an accident happens, protecting your company’s equipment from damage … your employees and others on the road from harm … your company from costly litigation … your insurance rates from skyrocketing … and your brand name from bad publicity. In a recent J.

Accidents 367

Accidents Construction Insurance Risk 367

Job Order Contracting

MARCH 1, 2022

General insurances. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance. Payment Bond premium(s) (please note that Payment Bonds are required for task order. projects valued over $35K; 9. Social security contributions. Mobilization and demobilization costs. Site cleanup.

Insurance 238

Insurance Compensation Overhead Security 238

Construction Business Owner

APRIL 5, 2021

But for business owners, now is as crucial a time as ever to assess some of the more familiar pillars of protection: insurance.

Risk 334

Risk Insurance Safety Environment 334

Construction Business Owner

MAY 2, 2018

There are many questions concerning the insurance and surety marketplace for construction in the United States in 2018. Will auto insurance rates continue to increase? How will the aftermath of Hurricanes Harvey, Irma and Maria affect insurance rates? What should construction companies budget for builder’s risk insurance?

Risk 213

Risk Insurance United States Budgeting 213

The Constructor

APRIL 5, 2022

A Federal Housing Administration (FHA) loan is the only home mortgage insured by the government in the USA. It is one of the largest construction.

Insurance 261

Insurance Construction Housing Engineering 261

Levelset

SEPTEMBER 14, 2022

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

Insurance 98

Insurance Liability Claims Injury 98

Levelset

MAY 23, 2022

One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?

Insurance 97

Insurance Contractors Construction Claims 97

Construction Business Owner

JANUARY 15, 2017

Currently, the construction insurance marketplace, excluding health insurance, proves to be a favorable environment for the insurance buyer.

Risk 208

Risk Insurance Negotiation Commercial 208