Pro Builder

FEBRUARY 4, 2021

What Home Builders Should Know About Liability Insurance. Head of Home Builder Insurance for Berkshire Hathaway Specialty Insurance Katie Beck sits down with Jenny Simon, director of marketing communications for IBACOS to break down the challenges she faces when offering and underwriting coverage for builders. cbroderick.

Insurance 52

Insurance Liability Risk Management 52

Levelset

AUGUST 31, 2022

Whether you’re just starting your business or looking to change insurance carriers, it pays to go with a company that has experience and knowledge in providing insurance for the construction industry. These days you can purchase insurance on your own or go through a local agent. Best construction insurance companies.

Insurance 52

Insurance Liability Compensation Construction 52

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 Business Owner

DECEMBER 4, 2023

mhodges Mon, 12/04/2023 - 08:13 According to Joe Tejeda, Practice Leader for PCF Construction, one of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction material costs.

Insurance 156

Insurance Risk Security Contractors 156

Levelset

SEPTEMBER 19, 2022

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

Insurance 52

Insurance Liability Compensation Claims 52

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

Insurance 52

Insurance Liability Construction Contract 52

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

Levelset

SEPTEMBER 2, 2022

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

Insurance 52

Insurance Liability Claims Construction 52

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” The Michigan Supreme Court disagreed, interpreting “accident” as broader than “fortuity.” 2d 871, 880 (Fla.

Insurance 40

Insurance Liability Accidents Michigan 40

Construction Business Owner

OCTOBER 26, 2012

While crime exposures for some businesses can be measured and quantified by the amount of cash or other valuables on hand, employee fidelity claims in the construction industry and the losses arising out of such acts can be difficult to identify or quantify. No construction firm is immune to employee dishonesty or crime losses.

Liability 149

Liability Insurance Employment Claims 149

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

Levelset

SEPTEMBER 16, 2022

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. What is completed operations insurance? not in progress).

Insurance 52

Insurance Liability Claims Contractors 52

Safety Services Company

OCTOBER 16, 2023

Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work. For this reason, contractor management and prequalification are an essential part of contractor vetting: they protect hiring clients from liabilities and severe reputational damages.

Management 110

Management Contractors Safety OSHA 110

Construction Dive

FEBRUARY 12, 2014

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. ” Read more.

Insurance 56

Insurance Contractors Liability Injury 56

Construction Law

APRIL 2, 2024

Guest Editors Jane Hughes and Isobel Moorhouse of Trowers & Hamlins LLP say that despite years of industry campaigning the end of retentions is not in sight. Minimum standards suggested by Build UK have not been taken up by the industry, which is split on the issue, and legislation would be needed to break the impasse.

Construction 52

Construction Liability Risk Contract 52

Safety Services Company

FEBRUARY 21, 2024

By utilizing *ISNetworld® , a leader of safety and compliance in the supply chain industry, Delrin has joined 70,000+ contractors in the network and opened themselves up to over 750+ hiring clients. Their resin is used in gears, safety restraint components, medical delivery devices, and even ski bindings!

Safety 48

Safety Organization Liability OSHA 48

Construction Law Monitor

JANUARY 12, 2012

More and more in my everyday practice I encounter issues with contractor general liability insurance (GL). Next, the most important and most often overlooked aspect is notifying the insurer when trouble starts. If you ever have a lawsuit filed against you put the insurer on notice immediately!

Insurance 64

Insurance Contractors Claims Legal 64

Construction Law

MAY 2, 2024

Insurance Joint names clauses under scrutiny again Our insurance expert John D Wright of JD Risk Associates examines Joint Names Clauses which have been in use for over 40 years and were hoped to result in less litigation, but the industry still struggles to gain the benefits and court analysis of clauses themselves is common.

Construction 52

Construction Legal Cash Flow Insurance 52

Contractor Connection

NOVEMBER 13, 2023

Temporary housing is a critical, yet often underappreciated, facet of the insurance and property management industries. It’s not just about a temporary place to stay; it’s about delivering a comprehensive, insurance-friendly solution. This can lead to long-term, mutually beneficial partnerships.

Housing 40

Housing Insurance Security Bidding 40

Autodesk Construction Cloud

FEBRUARY 25, 2022

For one thing, circumstances can change quickly in today’s uncertain construction industry. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets.

Safety 94

Safety Debt Liability Equity 94

Constructlaw

MARCH 24, 2023

These cases address topics, ranging from required liability insurance to compensation for a landowner’s loss of quiet enjoyment of their property. It also requires the licensee to maintain commercial general liability insurance.

New York 52

New York Compensation Negotiation Liability 52

Construction Marketing

JULY 30, 2019

You can also consult building contractors because they interact more often with plumbers in their industry. Consider Insurance and License. Besides that, if they are insured, you can be sure they will not become a liability in case they suffer an injury in the process of doing their job. Price and Warranty.

Contractors 120

Contractors Insurance Compensation Liability 120

Green Building Law Update

APRIL 4, 2021

The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.

Green 293

Green Debt Security Commercial 293

Construction Marketing

FEBRUARY 20, 2023

Don’t forget that cultivating relationships with clients is essential in this industry. Investing in insurance and other strategies can help protect you from any unexpected liabilities related to the projects you take on. And providing a great customer experience can often be a make-or-break for their decision-making.

Construction 299

Construction Risk Management Resource 299

Construction Marketing

JANUARY 18, 2018

You should never attempt to install or repair an industrial roof on your own. Insurance Cover is Crucial. You should protect your interests by confirming whether the commercial contractor you intend to hire is covered by insurance. Such roofing contractors are nothing but a looming liability. Experience.

Commercial 121

Commercial Contractors Insurance Injury 121

Green Building Law Update

DECEMBER 1, 2011

Surety bonds are often misunderstood within the green building industry. 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.

Green 159

Green Liability Legal Risk 159

DebunkTheBIM

DECEMBER 6, 2011

I believe that hands-on manipulating of project information by all project participants is the key to achieving any meaningful improvement of the AEC industry operating within the post-gambling-era. “Insurance is all about risk management” Says Walid Shidani in his interview given to Rupert Wright, this week.

Insurance 48

Insurance Risk Management BIM 48

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. Lastly, owners are insisting on being listed as additional named insureds on policies. This isn’t ethical, is it?

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. Lastly, owners are insisting on being listed as additional named insureds on policies. This isn’t ethical, is it?

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. Lastly, owners are insisting on being listed as additional named insureds on policies. This isn’t ethical, is it?

Risk 100

Risk Claims Insurance Liability 100

Construction Business Owner

JUNE 29, 2012

INSURANCE |. Industry News. Industry Statistics. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies.

Construction 120

Construction Safety Software Software 120

Best Practices Construction Law

SEPTEMBER 23, 2022

Ned regularly represents clients in construction defect and compensation claims, manufacturer/dealer disputes, and insurance coverage lawsuits. He is also a South Carolina certified mediator. Ned can be reached at nnicholson@burr.com or (803) 799-9800. There is nothing inherently wrong with that; the goal is laudable. Reynolds v.

South Carolina 62

South Carolina Insurance Contract Legal 62

PSMJ Resources

APRIL 1, 2011

Our clients know they can rely on PSMJ for the most knowledgeable and proven merger and acquisition expertise in the A/E industry,” says PSMJ founder and CEO Frank Stasiowski, “but for this Roundtable, we wanted to add the valuable perspectives of a few specialized M&A professionals, who are doing it out in the field every day.

Liability 40

Liability Insurance Industrial Design 40

Chianelli Estimating

AUGUST 6, 2020

Construction is resuming but the effects of COVID-19 has drastically altered the industry’s mode of operations forever. COVID-19 isn’t the same type of work-related hazard the industry is accustomed to. Insurances; Workers compensation, General Liability, Risk. Covid-19 and the Impact on Construction Estimating.

Estimating 60

Estimating Residential Insurance Commercial 60

Construction Business Owner

APRIL 5, 2012

INSURANCE |. Industry News. Industry Statistics. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? The construction industry is dangerous.

Risk 120

Risk Insurance Construction Software 120

Job Order Contracting

SEPTEMBER 29, 2017

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) The listed tasks shall be locally researched and based on generally accepted industry standards and information, where available, for various items of work to be performed by the job order contractor.

Organization 100

Organization Contract Liability Contractors 100

Pro Builder

AUGUST 5, 2022

Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Last year, members of Associated Builders and Contractors , a national trade association representing the nonunion construction industry, invested $1.6 Scott Smith, Selective Insurance Group.

Safety 72

Safety Resource Injury Construction 72