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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

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
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Beyond Driver Exoneration: How Dash Cams Reduce Exposure to Nuclear Verdicts

Construction Business Owner

Timely detection and correction of unsafe behavior through video-based coaching: Helps prevent crashes and violations, Reduces potential liability, and Improves employee retention. Understanding the Impact of Nuclear Verdicts on the Trucking Industry Promote to rotator No Main Image Sponsor Link [link] Tags J. Keller Dash Cams Social

Safety 191
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How to Get Better Options in Today’s Hard Insurance Market

Construction Business Owner

How to Get Better Options in Today’s Hard Insurance Market. One thing underwriters have made abundantly clear during this challenging renewal environment is that simply blasting a submission to multiple insurance carriers to find competitive pricing, will not produce the effective results it may have in the past. Main Image.

Insurance 156
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2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Here’s how we have handled the main factors affecting costs. Material costs are either. Costs can vary depending upon a number of variables. Quality / Quantity.

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Project Protection 101: Exclusive Insights for Cost Challenges

Construction Business Owner

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
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Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

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?

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Does GC Insurance Cover Subcontractors?

Levelset

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?