article thumbnail

Workers' Compensation Claims: A Common Employer's Nightmare

Construction Business Owner

Workers’ compensation claims and how to keep them under control have always been a concern for employers. Incidents ending in claims occur in virtually all industries and can be costly and time consuming. There is no federal workers’ compensation law that addresses workplace injuries.

article thumbnail

Top Tactics for Controlling Workers’ Compensation

Construction Business Owner

As a business owner, you should be at least marginally conversant in the arcane vocabulary of workers’ compensation (WC), such as keeping track of your experience modification factor (EMF) or “mod.”.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

First-Party vs. Third-Party Insurance: What’s the Difference?

Levelset

First-party insurance provides compensation directly to the insured individual or business, whereas third-party insurance provides reimbursement to another party when the insured person or business is liable for damages. First-party insurance provides compensation directly to the insured individual or business.

article thumbnail

9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

This type of coverage will protect your company from various liabilities , including injury claims, and cover medical expenses. The construction industry is not immune to mistakes, and they could lead to great financial losses. Workers’ Compensation Insurance. General Liability Insurance. Professional Liability Insurance.

Insurance 156
article thumbnail

Louisiana Contractors – Workers Compensation Insurance

Construction Law Monitor

Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. In my everyday practice, I feel like the trend is still prevalent in the construction industry.

article thumbnail

Do Overreaching Claims Give the Process a Bad Name?

Construction Dive

By Bruce Jervis There are many legitimate reasons for contractors to submit claims for increased compensation. This is why aspersions such as “claim monger” are offensive to contractors. These lapses in judgment are harmful to the image of the industry and give the entire claim process a bad reputation.

Claims 54
article thumbnail

9 Best Practice Tips for a Schedule Analysis of Construction Delays

Best Practices Construction Law

It almost goes without saying that if you have to pursue or defend a delay claim, you are going to need some evidence ( preferably by an expert ) to establish or to challenge entitlement to the damages sought. Generally, the delay must affect the critical path of the work to be compensable. Identify the critical delays.