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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Construction sites are full of activity due to moving parts and heavy machinery. For those installing properties using rigging equipment, the complexities of these job sites are even worse. Rigging insurance, also known as riggers liability insurance, provides cover against property loss or damage when on the hook of cranes.

Insurance 168
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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. If your business is found to have caused an injury or accident, the other party will seek damages.

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Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Errors and omissions insurance, also called professional liability insurance, is one tool that contractors can use to transfer risk away from themselves.

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Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Selective Insurance recently released the results of a 10-year study of workplace injury trends , based on 110,000 workers’ compensation claims between 2011 and 2021. Fri, 08/05/2022 - 07:00.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. STRATEGY |.

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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . A sudden equipment failure on your project site could dent your bottom line.

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What Happens When You Don’t Wear PPE?

Work Gearz

Not wearing PPE can result in severe injury to yourself and to others around you. Workplaces like construction sites can be dangerous and accidents can happen in a few seconds time, and if an employee is not equipped well, then it can be life-threatening as well. Experiencing injuries as a result of falling items or debris.

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