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Keeping Up with the Evolving Construction Industry

Construction Business Owner

Expand with your clients The simplest way to begin to secure contracts in new areas is to leverage your existing reputation and relationships that has been built with your clients. Munich Re Specialty offers a wide range of insurance solutions and services for your construction business during challenging market conditions.

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Top 2023 Security Trends For Construction Site Security

Construction Marketing

To prevent losses for your construction business, you need intimate knowledge of the latest security trends. Are you ready to equip your construction site with top-tier security solutions? Integrated Security Camera Systems. Suppose the software spots anomalous data or a potential security threat.

Security 291
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How to Mitigate Risk with Security Cameras

Construction Business Owner

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 273
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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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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. Peace of Mind: Enjoy the security of knowing you have a stable workforce to rely on. Why Safety Matters: Fewer Accidents: Reducing workplace accidents protects your employees and minimizes costly downtime.

Union 293
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Creating a JOC Coefficient?

Job Order Contracting

Social security contributions. 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. Mobilization and demobilization costs.

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Why Misclassified Payroll Matters

Construction Business Owner

For most businesses, workers’ compensation is the largest insurance expense line item. Being able to secure the lowest possible premium and reduce the impact of an audit will help you avoid the headaches many companies face in managing this insurance.