Construction Business Owner

SEPTEMBER 20, 2021

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors.

Risk 356

Risk Liability Insurance Compensation 356

Green Building Law Update

DECEMBER 2, 2018

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq.,

Liability 149

Liability Defense Leases Compensation 149

Construction Business Owner

DECEMBER 17, 2024

The choice of tax accounting methods for contracts can significantly impact financial statements, cash flow and tax liabilities. Assessing Key Tax Methods for Contractors ccapoccia Tue, 12/17/2024 - 14:24 C ontractors face challenges that necessitate careful consideration of accounting methods for their contracts, especially for tax purposes.

Cash Flow 156

Cash Flow Contractors Liability Accounting 156

Construction Business Owner

OCTOBER 31, 2013

Building Information Modeling (BIM) is gaining ground as construction participants recognize the benefits of computer modeling. However, participants should enter this new modeling world recognizing that these opportunities come with costs and risks.

BIM 191

BIM Liability Modeling Risk 191

Construction Dive

JUNE 25, 2019

It's important for contractors to know what their insurance policies cover and, in the case of commercial general liability, what they don't cover.

Liability 129

Liability DOT Insurance Commercial 129

Construction Business Owner

APRIL 21, 2020

Manage construction risk on your construction projects better with a CPrL professional liability policy. How to Manage Catastrophic Construction Risk. Elizabeth Manning. Tue, 04/21/2020 - 11:58.

Risk 335

Risk Management Liability Construction 335

Construction Business Owner

JANUARY 18, 2022

This is on top of the growing array of emerging contaminant liability claims that increasingly plague jobsites and the rise of nuclear verdicts in the casualty line sector that grew by 335% from 2012 to 2019 according to American Transportation Research Institute.

Risk 367

Risk United States Liability Claims 367

Construction Business Owner

DECEMBER 6, 2018

Few, if any, companies ever realize the value of all the information created on a single project—data that could be used to improve decision-making, efficiency, quality and safety, as well as reduce liability on that project and all those that follow.

Liability 332

Liability Construction Safety 332

Construction Business Owner

JUNE 21, 2017

When pencils, paper and calculators were the go-to tools for estimating, spreadsheets represented a major breakthrough to contractors looking for a smarter solution. Now, contractors who rely on spreadsheets find themselves at a disadvantage when they compete against companies equipped with estimating software.

Estimating 192

Estimating Liability Software Software 192

Green Building Law Update

MARCH 31, 2019

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Liability 120

Liability Leases Defense Commercial 120

Construction Business Owner

JULY 23, 2021

If your construction business has suffered a financial loss due to damage, accident, crime or liability, the last thing you want to hear is that your claim is. Your Claim Has Been Denied. Alex Headley. Fri, 07/23/2021 - 09:30. not covered.

Claims 317

Claims Insurance Liability Accidents 317

Construction Business Owner

OCTOBER 26, 2017

No matter whether it is designed to protect owners, architects, engineers or general contractors, the securing of project professional liability coverage can be complicated. Professional liability exposure exists for the construction period plus the applicable Statute of Repose, often meaning a total of 10 or more years.

Liability 240

Liability Security Engineering Contractors 240

Construction Dive

AUGUST 15, 2024

Several industry groups have filed suit to stop the change, which expands the definition of who can be present during jobsite inspections.

Liability 163

Liability Inspections Safety Industrial 163

Construction Business Owner

FEBRUARY 14, 2019

The responsibility and liability is yours. Use these tips to help you understand the details of the contracts you're signing.

Liability 255

Liability Contract 255

Construction Business Owner

OCTOBER 22, 2021

The errors and/or omissions related to engineering and architectural designs, land surveys, construction management and technical consulting are just a few of the areas where problems can lead to significant professional liability issues.

Miami 317

Miami Liability Florida Consulting 317

Construction Business Owner

DECEMBER 20, 2018

In construction, we continue to encounter challenges, such as shortages of a skilled workforce, fast-paced technology changes, economic impacts, trade partner liabilities, succession issues, and the ability to attract and retain top talent.

Industrial 290

Industrial Liability Construction Risk 290

FDR Safety

DECEMBER 27, 2016

The post OSHA extends record-keeping liability to five years appeared first on FDRsafety. Review your OSHA 300 Logs for accuracy and completeness at the end of 2016. Prepare and post the OSHA 300A Summary for each establishment in your company by February 1, 2017.

OSHA 120

OSHA Liability Injury Regulation 120

Construction Equipment

MARCH 9, 2021

NexTraq is improving its Safety and Liability Protection offer for its Dashcam by adding feature updates to the high-definition vehicle incident camera system solution. Fleet managers will now be able to request specific videos and images for specific dates, times, or locations for insight into…

Liability 86

Liability Safety Management 86

Construction Business Owner

FEBRUARY 3, 2025

Timely detection and correction of unsafe behavior through video-based coaching: Helps prevent crashes and violations, Reduces potential liability, and Improves employee retention. A well-designed CAT program will also align with state labor laws, contracts, and any union agreements. 4) Share safety improvements.

Safety 194

Safety United States Regulation Risk 194

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 204

Risk Liability Insurance Tennessee 204

Construction Business Owner

OCTOBER 26, 2012

But what these individuals often overlook are the uninsured or underinsured risks, such as professional and vicarious liabilities. Construction business owners undoubtedly have restless nights over business risks associated with operations, not to mention other concerns.

Risk 222

Risk Liability Design Construction 222

Construction Business Owner

NOVEMBER 8, 2015

The American Institute of Architects' (AIA) semi-annual Consensus Construction Forecast recently projected that spending will increase by nearly 9 percent this year, with another 8 percent gain in 2016. Size is also an issue. In fact, findings by the United States Energy Information Administration found that there were 5.6

Liability 120

Liability United States Forecasting AIA 120

Construction Business Owner

MARCH 29, 2013

However, this day was different, and his mind was focused on a denied professional liability claim. . He would start by reviewing a quote by Warren Buffett: “You don’t know who is swimming naked until the tide goes out.”

Liability 214

Liability Claims Office Contractors 214

Construction Business Owner

JULY 18, 2019

The indemnity provision protects an owner or general contractor from exposure to liability if a loss occurs during construction. But if they're not structured properly, you could be at risk. Read all you need to know here. . .

Agreement 185

Agreement Liability Risk Contractors 185

Construction Dive

DECEMBER 18, 2023

The ruling, passed down from the state’s supreme court, could affect which issues contractors choose to litigate with insurers across the country.

Insurance 135

Insurance Liability Illinois Contractors 135

ENR Construction

JANUARY 27, 2021

Firms' escrow account will cover 20 years of legacy liabilities from 'forever chemicals' drinking water pollution occurring before July 1, 2015

Liability 74

Liability Accounting 74

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Limited liability company (LLC) . Start with General Liability Insurance and the Workers’ Compensation Insurance. . However, you’ll later require a bigger location for your business. Roofing equipment and materials. Labor costs. Utility bills. Corporation .

Insurance 295

Insurance Liability Legal Compensation 295

Construction Dive

APRIL 8, 2024

Are you paying prevailing wages correctly? Understanding the updated DBRA regulations is more important than ever.

Liability 142

Liability Risk Regulation Contractors 142

Construction Marketing

JANUARY 13, 2022

Rigging insurance, also known as riggers liability insurance, provides cover against property loss or damage when on the hook of cranes. However, standard commercial general liability insurance policies do not cover properties of third parties that were under your control or custody. How much does crane and rigging insurance cost?

Insurance 168

Insurance Liability Compensation Accidents 168

Construction Business Owner

JUNE 21, 2016

Such agreements often appear in circumstances in which one party's services or activities may expose another party to a liability. 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 Dive

JANUARY 20, 2023

A massive rulebook that most workers won’t read can leave a contractor vulnerable to OSHA fines and lawsuits, according to panelists at AGC’s safety conference.

AGC 135

AGC Safety Liability OSHA 135

Construction Dive

JANUARY 26, 2023

The federal government is considering more labor-friendly rules, as worker groups push for joint employer wage theft laws.

Liability 135

Liability Employment 135

Construction Business Owner

JUNE 8, 2017

By contrast, any delay in the process can subject contractors to delays, cost overruns and liability issues. To enable the many steps in a construction process to stay properly sequenced and on schedule, intricate vehicle timing is essential. This is an area in which robust telematics systems can provide a tremendous advantage.

Engineering 184

Engineering Liability Schedule Materials 184

Construction Law

APRIL 2, 2024

Our latest Construction Law Guides series article from Claire Turnbull of DLA Piper looks at limitations on liability. Limitation clauses are interpreted strictly, so clear and unambiguous language should be used where a party seeks to limit liability for losses that would otherwise be recoverable.

Liability 52

Liability Construction 52

Green Building Law Update

JANUARY 19, 2020

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Liability 156

Liability Leases Defense Commercial 156

Construction Business Owner

NOVEMBER 21, 2014

Business owners are concerned about the electronic frontier we now live in and the liabilities that we all face because of it. 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.

Insurance 166

Insurance Liability Risk 166

Job Order Contracting

JULY 19, 2020

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Material costs are either. In the public sector contracts may require Davis Bacon Wage Rates or prevailing wage rates, or both, with the usage of the higher of the two.

Estimating 213

Estimating Overhead Construction Liability 213