Construction Business Owner

DECEMBER 14, 2012

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

Liability 120

Liability Insurance NJ Contractors 120

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

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

NOVEMBER 21, 2014

Business owners are concerned about the electronic frontier we now live in and the liabilities that we all face because of it. Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused by virus or malware.

Insurance 166

Insurance Liability Risk 166

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

OCTOBER 26, 2012

No construction firm is immune to employee dishonesty or crime losses. While crime exposures for some businesses can be measured and quantified by the amount of cash or other valuables on hand, employee fidelity claims in the construction industry and the losses arising out of such acts can be difficult to identify or quantify.

Liability 149

Liability Insurance Employment Claims 149

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 Dive

JUNE 25, 2019

It's important for contractors to know what their insurance policies cover and, in the case of commercial general liability, what they don't cover.

Liability 130

Liability DOT Insurance Commercial 130

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

NOVEMBER 21, 2014

Business owners are concerned about the electronic frontier we now live in and the liabilities that we all face because of it. Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused by virus or malware.

Insurance 120

Insurance Liability Risk 120

Construction Business Owner

OCTOBER 26, 2012

You have probably been hearing more about the concept of cyber liability from your insurance broker. Your construction firm is not likely selling products or services over the Internet, so you may be wondering why you would need cyber liability insurance. Consider some examples from high-profiles companies.

Risk 204

Risk Liability Insurance Tennessee 204

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. Limited liability company (LLC) . 13) Business insurance. Start with General Liability Insurance and the Workers’ Compensation Insurance. .

Insurance 295

Insurance Liability Legal Compensation 295

Construction Business Owner

NOVEMBER 4, 2015

More property owners are now inserting a clause in their construction contracts that could limit the competitiveness of small- and medium-sized businesses (SMBs): the requirement for wrap-up insurance.

Insurance 120

Insurance Liability Contract Construction 120

Construction Business Owner

SEPTEMBER 27, 2013

One risk facing the construction industry is liability for defects in a company’s work.

Insurance 153

Insurance Liability Residential Commercial 153

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

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

Liability 52

Liability Insurance Injury Contract 52

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

ENR Construction

DECEMBER 4, 2024

After dismissing the case, the judge said he didn't want to rule on whether the insurers might have a liability claim against Zachry Group, McDermott and Chiyoda under other provisions of the contract.

Insurance 69

Insurance Liability Texas Claims 69

Job Order Contracting

NOVEMBER 15, 2024

Labor Based upon contract requirements, local labor costs may be sourced from published Davis Bacon Wage Rates, or published state data sources, or directly researched local prevailing wage rates with appropriate inclusion markups for worker compensation, unemployment, liability insurance and allowance for small tools and consumables.

Construction 206

Construction Overhead Insurance Compensation 206

ENR Construction

AUGUST 8, 2024

Auto liability and excess liability rose the most, according to insurance brokers.

Insurance 64

Insurance Liability Construction 64

BD+C

JUNE 8, 2020

After offices and other places of business reopen following COVID-19 shutdowns , tenants and owners face increased legal liability, and property insurance plans may not cover this risk.

Liability 72

Liability Risk Office Insurance 72

ENR Construction

MARCH 6, 2024

A survey by broker Ames & Gough notes planned increases for the third consecutive year.

Liability 83

Liability Insurance Design Plans 83

Construction Dive

NOVEMBER 26, 2018

Every business, small or large, that embarks on a construction project needs builder's risk insurance because it typically covers things that property and liability policies don't, legal experts say.

Risk 128

Risk Liability Insurance Legal 128

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

Pro Builder

FEBRUARY 4, 2021

What Home Builders Should Know About Liability Insurance. Head of Home Builder Insurance for Berkshire Hathaway Specialty Insurance Katie Beck sits down with Jenny Simon, director of marketing communications for IBACOS to break down the challenges she faces when offering and underwriting coverage for builders. cbroderick.

Insurance 52

Insurance Liability Risk Management 52

Construction Business Owner

OCTOBER 31, 2013

In recent years, more owners have requested that our law firm’s contractor clients purchase an owners and contractors protective liability policy (OCP policy), a type of insurance policy with which many contractors are unfamiliar.'

Negotiation 120

Negotiation Liability Insurance Contractors 120

Construction Marketing

SEPTEMBER 24, 2015

Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Business Plan.

Documentation 120

Documentation Insurance Legal Liability 120

Construction Business Owner

DECEMBER 4, 2023

What many might not know, is that these cost escalations can correlate directly to higher insurance premiums and reduce risk appetite from insurance carriers making it harder to get coverage.

Insurance 156

Insurance Risk Security Contractors 156

Construction Business Owner

JANUARY 7, 2016

Slivka helped launch the company in 2005 and has since grown into an award-winning, specialty intermediary of environmental and construction-related professional liability insurance coverages and risk management services. Jeff Slivka recently took leadership of New Day Underwriting Managers as the company’s new president.

Liability 120

Liability Insurance Risk Management 120

Green Building Law Update

DECEMBER 1, 2011

Entitled Keys to Managing Green Construction Risks, Liability and Litigation , this program will focus on the key concerns and solutions to the ever changing green construction culture. For more information on this program, click here. I hope to hear from you on the webinar.

Green 159

Green Liability Legal Risk 159

Construction Marketing

DECEMBER 2, 2014

Amazon plans on conducting background checks on the businesses and will determine if they have liability insurance. Amazon will set itself apart by offering a money back guarantee on services rendered by its contractor partners.

Los Angeles 213

Los Angeles Retail Seattle New York 213

Job Order Contracting

JULY 19, 2020

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Material costs are either. In the public sector contracts may require Davis Bacon Wage Rates or prevailing wage rates, or both, with the usage of the higher of the two.

Estimating 156

Estimating Overhead Construction Liability 156

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

Construction Business Owner

OCTOBER 24, 2016

In today’s litigious environment, claims against construction companies are inevitable, and off-the-shelf solutions used to manage liability risks are too often inadequate. Construction defect claims are compounded by the fact that not all are covered by insurance, depending on the carrier and the applicable state statutes.

Claims 120

Claims Liability Insurance Risk 120

NH Construction Law

JANUARY 30, 2022

When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. But if the plaintiff’s complaint also alleges some resulting property damage, however minor, the insurer is obliged to defend the lawsuit.

Insurance 40

Insurance Liability Defense New Hampshire 40

Building Radar

JULY 15, 2024

Navigating the insurance requirements for construction projects can be daunting. Insurance plays a crucial role in managing risks and ensuring the successful completion of any construction project. For more details on CGL insurance, visit Construction Coverage. Explore Stonemark’s insights on project-specific insurance.

Insurance 52

Insurance Liability Construction Risk 52

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