Construction Business Owner

AUGUST 28, 2013

Managing professional liability risks in construction can be difficult. Although not all-inclusive, the following practices should enhance your risk-management strategy and reduce your long-term exposure to unforeseen professional losses.

Liability 136

Liability Management Risk Construction 136

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 31, 2013

However, participants should enter this new modeling world recognizing that these opportunities come with costs and risks. Understanding the risks associated with BIM can help contractors manage and make the most of this new technology.'

BIM 191

BIM Liability Modeling Risk 191

Construction Business Owner

DECEMBER 20, 2018

“ Adapt or Die,” is arguably the most memorable line from the movie version of "Moneyball. " The meaning of the quote and how it relates to business and risk management is paramount—we must fight and overcome the current status quo if we want to change the industry.

Industrial 290

Industrial Liability Construction Risk 290

Construction Business Owner

DECEMBER 14, 2012

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

Liability 120

Liability Insurance NJ Contractors 120

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 128

Risk Liability Insurance Legal 128

Construction Dive

APRIL 8, 2024

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

Liability 147

Liability Risk Regulation Contractors 147

BD+C

JUNE 8, 2020

After offices and other places of business reopen following COVID-19 shutdowns , tenants and owners face increased legal liability, and property insurance plans may not cover this risk.

Liability 72

Liability Risk Office Insurance 72

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

Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Regards, Mr. Ethics

Risk 100

Risk Claims Insurance Liability 100

Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Regards, Mr. Ethics

Risk 100

Risk Claims Insurance Liability 100

Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Regards, Mr. Ethics'

Risk 100

Risk Claims Insurance Liability 100

Construction Marketing

JUNE 14, 2022

All these pose risks to the health of these workers. . It also ensures you’re not spending money on hospital bills, treating injured workers, and legal liabilities. . When recruiting new workers, ensure they know all the risks they may encounter with their work. Inspect Your Machines Regularly.

Safety 336

Safety Site Construction Inspections 336

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

Insurance 195

Insurance Liability Agreement Risk 195

Green Building Law Update

FEBRUARY 12, 2014

Insurance companies cannot recover environmental cleanup costs paid to their insured under the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, from another Potentially Responsible Party ( unless their insured had first pursued a separate claim to recover the cleanup costs from that PRP).

Insurance 120

Insurance Liability Legal Claims 120

Construction Dive

JULY 24, 2018

Taking responsibility for even a small portion of the design can expose contractors to increased liability. Here's how to limit the risks.

Risk 97

Risk DOT Liability Design 97

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. 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

Building Radar

AUGUST 22, 2024

Construction projects, by their very nature, involve a significant degree of risk. From safety hazards to contractual disputes, the industry faces numerous liability issues that can lead to costly legal battles, project delays, and financial losses. Common Construction Liability Issues 1.

Liability 52

Liability Risk Legal Construction 52

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

Green Building Law Update

DECEMBER 3, 2017

business seeking to mitigate the risk associated with data protection. And the power utilities protect themselves from liability related to data. Many of those local laws are poorly drafted and do not insulate the reporting parties from liability for errors, harmless or otherwise. Because the U.S. The fix is very easy.

Green 120

Green Risk Claims Drafting 120

Green Building Law Update

DECEMBER 1, 2011

Entitled Keys to Managing Green Construction Risks, Liability and Litigation , this program will focus on the key concerns and solutions to the ever changing green construction culture. For more information on this program, click here. I hope to hear from you on the webinar.

Green 159

Green Liability Legal Risk 159

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 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

Green Building Law Update

JUNE 18, 2017

Those responses are not inconsistent with and, in fact, should be considered concomitantly with the conclusion, having worked on LEED projects since 2001, that the second best way to mitigate risk and avoid liability in sustainable building is a green building consultant working for the owner.

Consulting 218

Consulting Green Certification Sustainability 218

Construction Marketing

OCTOBER 19, 2021

Having snow removal insurance is important, considering the risks and dangers of snow removal and deicing. Because of their nature of work, snow removal contractors are usually exposed to many risks, which may include anything from third-party injuries to equipment. Usually, more business means more liability risks.

Insurance 185

Insurance Legal Compensation Injury 185

Construction Dive

APRIL 10, 2019

As use of the technology expands, contractors, subs and other stakeholders should heed the safety and liability risks involved, an aviation attorney writes.

Contractors 125

Contractors Liability Risk Safety 125

Job Order Contracting

MAY 17, 2022

How a company assesses and plans for climate-related risks may have a significant impact on its future financial performance and investors’ return on their investment in the company. The proposed rules contain a “safe harbor” for liability for Scope 3 emissions disclosure. Is your organization ready? Change is difficult for everyone.

Regulation 233

Regulation Risk Equity Organization 233

Green Building Law Update

FEBRUARY 13, 2022

These new laws are the Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 and the Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022. the principal climate-related risks and opportunities arising in connection with the company’s operations, and.

Regulation 194

Regulation Risk Sustainability Management 194

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

Construction Marketing

FEBRUARY 20, 2023

Make sure you know your stuff when it comes to project planning and risk assessment so that everyone knows what’s expected of them. Risk Management Strategies When it comes to starting a construction or trading business, risk management is essential for success.

Construction 293

Construction Risk Management Resource 293

Construction Business Owner

JANUARY 7, 2016

Slivka helped launch the company in 2005 and has since grown into an award-winning, specialty intermediary of environmental and construction-related professional liability insurance coverages and risk management services.

Liability 120

Liability Insurance Risk Management 120

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

Liability 52

Liability Insurance Injury Contract 52

Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? While there are several cyber risks to monitor, ransomware and business email compromise attacks are two of the most common challenges we see contractors faced within our roles at Sentry Insurance. Mon, 12/07/2020 - 06:00. The account would then divert funds to the criminal instead.

Risk 92

Risk Construction Security Bidding 92

Levelset

SEPTEMBER 8, 2022

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

Liability 52

Liability Insurance Claims Legal 52

Green Building Law Update

JULY 25, 2021

Environmental Protection Agency as satisfying its All Appropriate Inquiry rule to obtain protections from liability under CERCLA, the federal Superfund law. 9601) and petroleum products.” Importantly, the ASTM E1527 is recognized by the U.S. The ASTM E50.02

Site 296

Site Drafting United States Regulation 296

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

FEBRUARY 4, 2015

Technology can also dramatically change a contractor''s risk profile and create the potential for unforeseen liabilities.'

Management 120

Management Liability Mobility Risk 120