Construction Business Owner

JULY 6, 2016

As the United States construction market heats up, there is a renewed focus on improving operational efficiencies and embracing risk management strategies that could offer a meaningful financial impact.

Insurance 223

Insurance United States Risk Management 223

Construction Business Owner

JUNE 21, 2016

There are numerous ways that contract parties can shift the risk of certain types of losses between each other. 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.

Insurance 195

Insurance Liability Agreement Risk 195

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

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 Budget 213

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 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? But snow removal insurance is different from commercial general liability insurance.

Insurance 185

Insurance Legal Compensation Injury 185

Construction Business Owner

APRIL 30, 2013

For some construction management firms, subcontractor default insurance policies offer a viable alternative to performance bonds. These policies are designed for the “at risk” construction manager (CM), general building contractor and design-build firm with an annual subcontract volume of $75 million or more.

Insurance 185

Insurance Subcontracting Procurement Risk 185

Construction Business Owner

DECEMBER 5, 2014

According to the National Insurance Crime Bureau, as much as $1 billion in construction tools, equipment and materials is stolen nationwide each year, 90 percent of which is taken directly from construction sites. Throughout the last decade, the construction industry has spawned an entirely new black market industry—construction theft.

Security 274

Security Risk Insurance Equipment 274

Construction Business Owner

OCTOBER 30, 2024

While revenue growth is certainly attractive, operational expansion comes wrought with perils of risk and uncertainty. When thinking about expanding operations into new markets or geographic areas, consider using one or more of these proven approaches to help mitigate the risk. © Copyright 2024. © Copyright 2024. All rights reserved.

Industrial 364

Industrial Insurance Construction Risk 364

Construction Business Owner

OCTOBER 1, 2024

How Dash Cams Help Your Construction Company Because Hazards for Construction Companies Aren’t Just on the Jobsite mhodges Tue, 10/01/2024 - 15:26 In a typical group of employees who drive company vehicles, 15 to 20 percent of them will represent 80 percent of the risk. In a recent J.

Accidents 367

Accidents Construction Insurance Risk 367

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. Unsecured equipment and materials are especially at risk. Additionally, heavy equipment owners can’t rely entirely on insurance to offset the cost of theft. Equipment Keys.'

Insurance 304

Insurance Equipment Estimating Risk 304

Construction Business Owner

APRIL 5, 2021

The still-evolving circumstances of the COVID-19 pandemic paired with construction’s already demanding work environment has the industry operating at the height of caution and risk management. 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

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 205

Risk Liability Insurance Tennessee 205

Construction Marketing

DECEMBER 27, 2021

As a contractor, you likely know that your business is always at risk. 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? General Liability Insurance.

Insurance 156

Insurance Contractors Accidents Liability 156

Construction Business Owner

NOVEMBER 21, 2014

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. By alleviating or limiting a wide range of risks, this flexible and customizable tool can help improve prevention practices.'

Insurance 166

Insurance Liability Risk 166

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

Viewpoint Construction Technology

AUGUST 18, 2017

The right integrated business software solution can provide you with that information and minimize your risk on a daily basis. Let’s say a subcontractor’s insurance has expired. With the right integrated software system, you are alerted if the insurance is not up-to-date. Don’t take risks with your company.

Software 130

Software Software Risk Insurance 130

Construction Business Owner

MAY 9, 2017

Cyber insurance generally covers the risks of loss from system breaches, data losses and other wrongful acts of rogue employees or outside hackers. Coverage can be specifically crafted to the specific needs of your business, but common coverages often include:

Insurance 137

Insurance Risk 137

Construction Business Owner

JANUARY 12, 2017

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

Risk 120

Risk Insurance Negotiation Commercial 120

Construction Business Owner

MAY 5, 2017

Cyber insurance generally covers the risks of loss from system breaches, data losses and other wrongful acts of rogue employees or outside hackers. Coverage can be specifically crafted to the specific needs of your business, but common coverages often include:

Insurance 120

Insurance Risk 120

Lets Build

JUNE 6, 2017

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Types of risk in construction.

Risk 165

Risk Management Construction Legal 165

Construction Business Owner

APRIL 26, 2016

The work that contractors perform carries with it inherent risks that, if unaccounted for, have the potential to result in significant financial and physical harm to both the contractor and the party for whom the contractor is working.

Insurance 120

Insurance Risk Contractors 120

Construction Business Owner

NOVEMBER 15, 2016

Last week, the International Risk Management Institute (IRMI) hosted its 36th Construction Risk Conference in Orlando, Florida. The conference featured three general sessions and 27 seminars presented by more than 60 nationally recognized insurance, risk management, safety and surety experts.

Conference 120

Conference Risk Roads Insurance 120

Job Order Contracting

MARCH 1, 2022

General / Prime Contractor Profit and risk. 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.

Insurance 232

Insurance Compensation Overhead Security 232

Construction Dive

DECEMBER 11, 2023

Projects built with wood pose increased risk and it is becoming increasingly important in today’s insurance market that contractors understand the landscape.

Insurance 91

Insurance Risk Contractors 91

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

Viewpoint Construction Technology

AUGUST 8, 2012

To help make the process quicker and easier, this article will outline six steps that will make you more confident when purchasing this special type of risk mitigation insurance. Whether you're new to the construction industry or have been working in it for decades, you've probably realized that getting a surety bond can be confusing.

Insurance 236

Insurance Contractors Risk Industrial 236

Construction Business Owner

FEBRUARY 10, 2016

You might know your company’s annual revenue, but have you ever conducted a risk evaluation? Have you analyzed the data you provide to your insurance carrier to identify areas of improvement within your company? What are the true numbers of your business?

Risk 120

Risk Insurance 120

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 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 114

Risk Liability Insurance Legal 114

ENR Construction

FEBRUARY 2, 2021

An insurance giant says its new project loss insurance can address estimating errors.

Insurance 90

Insurance Estimating Risk Construction 90

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

Pro Builder

MAY 10, 2021

FEMA Moves to Improve Flood Insurance Program. NAHB Policy Brief | The next phase of the National Flood Insurance Program is supposed to better reflect the actual risks to properties; builder confidence increased during April. . As a result, some insurance rates will go up while others will go down. in a phased approach.

Insurance 97

Insurance NAHB Risk Housing 97

Construction Dive

MAY 16, 2024

Large GCs have elevated their jobsite practices in recent years in order to limit risk, said a safety expert with insurance firm Charles Taylor.

Safety 160

Safety Insurance Risk Construction 160

Levelset

MAY 23, 2022

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.

Insurance 97

Insurance Contractors Construction Claims 97

Construction Business Owner

DECEMBER 1, 2017

For 37 years, the International Risk Management Institute Inc. This year, the annual CRC was held at the JW Marriott in Indianapolis, Indiana, November 6-8, and hosted nearly 1,800 attendees.

Indianapolis 149

Indianapolis Insurance Safety Indiana 149

Construction Marketing

MARCH 2, 2023

Help with negotiations This can be difficult, as insurance companies are often reluctant to pay large settlements. An experienced attorney will know how to negotiate with insurance companies and fight for the best possible settlement for you.

Injury 251

Injury Site Defense Compensation 251