Construction Business Owner

DECEMBER 1, 2016

The International Risk Management Institute Inc., now known throughout the industry as IRMI, was founded in 1978 with the main purpose of providing education, by way of seminar and print publication, to risk managers, insurance agents/brokers, underwriters and other insurance professionals.

Security 136

Security Insurance Risk Education 136

Construction Law

MARCH 1, 2021

Insurance has never felt cheap to companies in the construction sector, although many or most of them never took the sort of risk management measures highlighted in our regular insurance articles, so to a large extent often had only themselves to blame if they were paying higher premiums than they need have. Premiums soared.

Insurance 97

Insurance Risk Industrial Plans 97

Construction Business Owner

DECEMBER 4, 2023

Project Protection 101: Exclusive Insights for Cost Challenges PCF Construction offers insight on current market construction risks, and how to take control. These costs have surged due to a combination of factors, including supply chain disruptions, and high demand.

Insurance 156

Insurance Risk Security Contractors 156

Construction Junkie

JULY 27, 2020

Well, now at least one insurance company believes that, as well. Procore’s platform can help contractors avoid many costly losses and delays through effective risk management and cross-team collaboration,” said Lisa Morgan, President of Construction at Travelers. Announced today, The Travelers Companies, Inc.

ProCore 83

ProCore Travel Insurance North Carolina 83

Autodesk Construction Cloud

SEPTEMBER 1, 2022

They also include overhead costs such as insurance, mileage, a portion of your office rent. There’s seemingly no risk of losing money on materials. These agreements limit the cost-risk for the customer. It also places the majority of the risks on the contractor. The risk and reward parties (i.e.,

Contract 98

Contract Maine Construction Agreement 98

Lets Build

MARCH 21, 2019

While it’s true that life is a gamble, you should never risk what you can’t afford to lose. This principle holds weight in many different aspects of life, especially those that involve substantial risk – hiring a general contractor included. Though it’s relatively cheaper, going for an uninsured contractor isn’t a good idea.

Insurance 97

Insurance Contractors Risk IDEA 97

Construction Business Owner

NOVEMBER 23, 2020

Achieving favorable terms in a hard property & casualty 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.

Claims 156

Claims Virgin Islands Management Puerto Rico 156

Levelset

SEPTEMBER 23, 2022

General contractors know these risks when they take the role. Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? Who is covered by an insurance policy? GC insurance & subcontractor coverage. General liability insurance.

Insurance 52

Insurance Liability Accidents Risk 52

Constructonomics

MARCH 23, 2010

From what I gather, the main objective was for the federal government to provide or make available affordable healthcare for the roughly 35 million uninsured in this country. But how the bill will affect people insured by their employer or who purchase health insurance on their own remains a mystery in my opinion.

Industrial 115

Industrial Insurance Employment Construction 115

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 Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. Rydon Homes was the main profit driver left in the group generating a pre-tax profit of £11m up from £3.7m The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort 1 group civil case settlement.

Claims 131

Claims Profitability Maine Insurance 131

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

Lets Build

JUNE 13, 2017

As far as the main reasons why construction equipment theft is such a pain for the industry, we could mainly focus our attention on the following three: Demanding Deadlines. On top of that, thin chains or locks of bad quality can be one of the main reasons why your equipment can eventually be stolen. Time is money in construction.

Site 165

Site Construction Equipment Security 165

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Construction Marketing

JUNE 13, 2016

According to the National Flood Insurance Program, flood damage is significantly more common than fire damage, particularly in high-risk areas. They can be found on flood profiles and Flood Insurance Rate Maps. The most economical solution to addressing flood risks is to use the existing foundation. Source: FEMA.

Foundation 120

Foundation Insurance Housing Louisiana 120

Construction Marketing

AUGUST 3, 2016

According to the National Flood Insurance Program , flood damage is significantly more common than fire damage, particularly in high-risk areas. They can be found on flood profiles and Flood Insurance Rate Maps. The most economical solution to addressing flood risks is to use the existing foundation. Source: FEMA.

Foundation 120

Foundation Insurance Housing Louisiana 120

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

PSMJ Resources

AUGUST 3, 2011

skip to main | skip to sidebar. XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. to Advance A/Es Risk and Practice Management. The synergy of XL Insurance’s Design Professional group and PSMJ will drive relevant and timely thought leadership in our service to customers and the design community.”

Insurance 43

Insurance Resource Agreement Architecture 43

Lets Build

MAY 18, 2017

Disputes over insurance agreements can be, for example, one of those reasons. One of the project parties may feel that it’s entitled to some compensation while the insurance company, or whoever is responsible for that may have a different opinion. The reasons for a contract dispute may vary each time. Strike Action.

Construction 165

Construction Life Cycle Contract Plans 165

CivilJungle

DECEMBER 21, 2021

Information of Construction Risk Management. Construction risk management is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Where we identify, analyze the risks and work over them. What Is Construction Risk Management ?

Risk 52

Risk Management Contractors Construction 52

FDR Safety

MARCH 21, 2013

Since DOT replaced its old motor carrier safety fitness high risk identification system—SAFESTAT—with the new Compliance, Safety, Accountability (CSA) measurement project, more and more motor carriers are paying attention to its effects. As we know, that did not happen. After 27 months of operation, CSA appears now to be that incentive.

DOT 120

DOT Safety Management Risk 120

Levelset

OCTOBER 19, 2022

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Here are the main benefits and downsides of construction-to-permanent loans and how they can streamline the financing procedure. What is a construction-to-permanent loan?

Contractors 98

Contractors Lien Finance Construction 98

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 40

Insurance Contractors Liability Accidents 40

Construction Lawyer

APRIL 20, 2006

In other words, you use the stuff we post here at your own risk. « New Lennar Opinion issued | Main. CGL policy -- conflict of interest between builder and insurer. In the recent Illinois opinion in American Family Mutual Insurance v. April 20, 2006 in insurance , litigation | Permalink. 2d 492 (2nd Dist.

Insurance 40

Insurance Illinois AIA Chicago 40

Construction Lawyer

MAY 13, 2009

In other words, you use the stuff we post here at your own risk. « Cannot record Lis Pendens for arbitration case if no litigation has commenced | Main. Risks in LEED design. There is an interesting discussion of some issues and risks to design professionals involving LEED projects at [link]. Categories. litigation.

Risk 40

Risk Design Illinois AIA 40

FDR Safety

JANUARY 25, 2016

While that certainly helps to have their views heard, FMCSA also want to hear from small entities, owner-operators, shippers, insurers — the full spectrum of the motor carrier industry — to be made aware of any unintended consequences not contemplated by the rule writers.

Safety 120

Safety Inspections Drafting Plans 120

Construction Business Owner

MARCH 29, 2012

INSURANCE |. The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). One of the main things BIM software is currently used for is clash detection. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology.

BIM 120

BIM Construction Software Software 120

Pro Builder

OCTOBER 7, 2022

Americans are increasingly taking climate risks into consideration when relocating to a new housing market, especially in the wake of extreme weather events like Hurricane Ian. One of the main questions I get from buyers is, ‘Where can I move that’s close to the beach but not in a flood zone?’ Fri, 10/07/2022 - 10:38. Environmental.

Housing 52

Housing Zoning Tampa Risk 52

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. Surety bonds protect the purchaser of the bond.

Insurance 51

Insurance Compensation Claims Agreement 51

Chianelli Estimating

AUGUST 6, 2020

The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. Insurances; Workers compensation, General Liability, Risk. There are some helpful ways to aid in decreasing Main Office expense. Office Utilities. Office personnel.

Estimating 60

Estimating Residential Insurance Commercial 60

DebunkTheBIM

MARCH 2, 2011

Normally industries that use/rely on highly perishable goods have sophisticated systems in place to account for risks, both by prevention and insurance. Or is it because in this process, the main products ARE the drawings/reports/specifications and both the Building (gasp!) Not so the AEC. Is this due to ignorance or arrogance?

Drawings 48

Drawings Products Insurance Maine 48

Chianelli Estimating

APRIL 14, 2020

Everyone’s health is at risk. The main office overhead is an indirect expense for contractors that is best kept to a minimum. In market turn-downs and lean times the main office overhead is still a monthly constant. Insurance, vacation pay, sick pay and more. Another avenue to pursue could be to outsource some tasks.

Construction 78

Construction Estimating Overhead Inspections 78

Contractor Bookkeeping

JULY 5, 2013

There Are Two Main Camps: #1 Contractors who go to great lengths to stop it. #2 Most contractors have insurance to protect themselves and their construction company from catastrophic risks when something goes wrong. 2 Contractors who think it is O.K. under certain conditions or they just accept it.

Cash Flow 48

Cash Flow Construction Injury Insurance 48

Construction Law

JUNE 1, 2021

The fundamental issues remain – clients are convinced that the industry is inefficient and prices have to be held down; main contractors compete ruthlessly on price and take work with little chance of profits and sub contract what they can down the supply chain to those least able to shoulder the risk.

Industrial 52

Industrial Insurance Banking Procurement 52

Autodesk Construction Cloud

JANUARY 11, 2024

AI applications may include advanced project management tools, predictive analytics for risk assessment, and optimization of construction processes. Data being at the center of everything, RE-AECO companies need to prepare themselves and keep an eye on this cardinal question: in the future, who will be the Main Information Contractor?

Construction 137

Construction Modeling Industrial Autodesk 137

GCP Applied Technologies

DECEMBER 11, 2018

Buried roofs — A buried roof is often a section of a basement that extends beyond the main elevation and is typically part of an under-garden structure or landscaped area. Using cold applied waterproofing reduces the complexities and risks during construction and speeds the installation process. .

Green 74

Green Liability Contractors Permits 74

GCP Applied Technologies

DECEMBER 11, 2018

Buried roofs — A buried roof is often a section of a basement that extends beyond the main elevation and is typically part of an under-garden structure or landscaped area. Using cold applied waterproofing reduces the complexities and risks during construction and speeds the installation process. .

Green 74

Green Liability Contractors Permits 74