article thumbnail

A Practical Guide to Insurance & Risk Management

Construction Business Owner

A Practical Guide to Insurance & Risk Management ccapoccia Fri, 03/28/2025 - 08:56 In todays complex business landscape, understanding and managing risks is no longer optional.

Insurance 177
article thumbnail

Should You Fire Your Insurance Broker?

Construction Business Owner

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
professionals

Sign Up for our Newsletter

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

article thumbnail

Build Better: Partner with IUPAT Success

Construction Business Owner

Lower Insurance Costs: A strong safety record can lower your insurance premiums and improve your bottom line. Partnering with the IUPAT provides labor stability through negotiated contracts and structured dispute resolution processes. Peace of Mind: Enjoy the security of knowing you have a stable workforce to rely on.

Union 293
article thumbnail

Harnessing the Power of RPA

Construction Business Owner

Common expenses for operating a construction business include labor, materials, insurance, permits, office space, vehicles, trailers and other incidentals. Furthermore, some company expenses are not negotiable and are often the largest portion of mandatory expenses, such as labor costs. Many factors contribute to revenue and expenses.

article thumbnail

Working to Reduce Risk in Your Company

Construction Business Owner

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

Risk 208
article thumbnail

Why Commercial Facility Maintenance Is Your Best Insurance Policy

HardHatChat

They should be selling their product, not negotiating with vendors. The big take away from all of these services is that the right commercial facility maintenance can serve as the best insurance policy and save you thousands in facility maintenance costs. If a client has an HVAC issue, they don’t need to research various vendors.

article thumbnail

Negotiating OCP Policies

Construction Business Owner

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.'