Despite elevated fears, contractors still lack cyber insurance
Construction Dive
OCTOBER 16, 2024
Participants in a Travelers survey ranked cyber threats as their top concern for the fourth time in six years.
Travelers Insurance Wants to Pay You to Use Procore
Construction Junkie
JULY 27, 2020
Well, now at least one insurance company believes that, as well. Announced today, The Travelers Companies, Inc. Although, they’ve partnered with Procore to make this happen, I’ve been told that Travelers is footing the bill to encourage their customers join the platform.
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Travelers Insurance Sues Chicago for $26M in Damages to Willis Tower
ENR Construction
MAY 11, 2023
Travelers Property Casualty Co. of America is suing the City of Chicago and the Metropolitan Water Reclamation Distirct for $26 million in damages caused when more than 1 million gallons of water flooded into Willis Tower during a 2020 rain storm.
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Travelers Insurance Offering to Pay Contractors in More States to Use Procore
Construction Junkie
MARCH 16, 2021
Last summer, we learned that Travelers Insurance believed that using Procore as a project management tool helped contractors reduce risk on their projects so much that they were willing to help pay for them to join the platform. For those interested in learning more about the discount, you can visit procore.com/travelers.
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Infrastructure Study Finds Inefficiencies & Opportunities for Design-Build
Construction Business Owner
JANUARY 28, 2022
Travelers, the second-largest writer of United States commercial property casualty insurance and the largest writer of surety bonds in North America, has released the findings of a new infrastructure study that followed 224 heavy civil construction projects from 2004 to 2020. Alex Headley. Fri, 01/28/2022 - 08:30.
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10 Best Insurance Companies for Construction Businesses
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.
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A Plumbing Contractor’s Guide to Insurance Coverage
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.
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What is Equipment Floater Insurance for Contractors?
Levelset
SEPTEMBER 16, 2022
Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?
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Subcontractor Default Insurance: Pros & Cons for General Contractors
Levelset
APRIL 28, 2022
Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.
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Insurance for HVAC Contractors: What It Covers and Why You Need It
Levelset
SEPTEMBER 20, 2022
HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?
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The Holiday Guru solves coronavirus-related traveller queries, from postponing British Airways flights to Kenya to getting refunds on travel insurance
Construction Test
MAY 19, 2020
This week coronavirus-related queries include ‘ rebooking policy, claiming money back on travel insurance and rights surrounding a ‘non-refundable’ deposit on a holiday lodge in Scotland. . The Package Travel Regulations (PTRs) still legally apply, says the consumer group Which? Andy Brockhurst, via email.
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Coronavirus and travel: Can you get a refund and how do flight and travel credits and vouchers work?
Construction Test
MAY 7, 2020
Although we are now banned from travelling out of Australia except for emergencies, many travellers now find ourselves on an unknown path through unfamiliar territory. Millions of Australians, myself included, have booked and paid for overseas travel in the next few months. Refunds, vouchers and cancellations.
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Coronavirus and travel: How we will know when it’s OK to travel again
Construction Test
MAY 6, 2020
How will we know when it’s okay to travel again? On March 24, 2020, Prime Minister Scott Morrison announced a ban on Australians travelling overseas under the Biosecurity Act 2015. The has the latest information regarding overseas travel for Australians. When travel insurance offers total peace of mind.
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Traveller Letters: We need to get rid of economy class for good
Construction Test
MAY 12, 2020
Economy class travel should be dumped in light of the coronavirus pandemic. It states: “Any travel insurance policy purchased after coronavirus became a ‘known’ event in late January will not cover you for any delays, disruptions, cancellations or sickness that you may suffer as a result of coronavirus. .”
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What Is a Borderless Jobsite?
Construction Business Owner
DECEMBER 6, 2017
Construction Business Owner recently spoke with Pete Wilcox, inland marine director at Travelers Insurance, to understand the implications of new technology and the concept of the “borderless jobsite.”.
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Traveller letters: Here’s a sure-fire way to keep backpackers off Bondi
Construction Test
MAY 6, 2020
We travelled in early March via Doha to Barcelona to start a long-awaited holiday adventure in Spain, Portugal Morocco. We travelled in business class (a once-only treat), but others in our tour group in a different class experienced the same service. One travel organisation that gets it right is Premier Inns in the UK.
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Feeling unwell while travelling? What you should do if you get sick overseas
Construction Test
MAY 6, 2020
. Almost half of all Australians who travel overseas will report a health problem. Even if it’s something as simple as seasickness, see your ship’s medico straight away, if a charge is involved your travel insurance might cover the cost of your treatment. That’s what travel insurance is for.
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26 Themes from the 2013 IRMI Construction Risk Conference
Construction Business Owner
DECEMBER 19, 2013
Once a year, contractors, brokers, underwriters, risk managers and attorneys gather at the International Risk Management Institute (IRMI) Construction Risk Conference to examine the most pressing insurance and surety-related issues contractors are facing.
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Traveller letters: Priority stickers on suitcases are meaningless
Construction Test
MAY 7, 2020
Gripe number one: my experience of collecting my “priority tagged bags for first-off-the-carousel convenience” is way different to that of Julie Miller’s (Traveller, ) in her Flight Test review. I want to commend the use of travel agents in this rapidly changing world of travel. STRANGER DANGER.
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Traveller letters: Why should we pay 50 per cent more to have middle seats kept empty?
Construction Test
MAY 9, 2020
However, I’m not finding that to be the case with travel insurance. But given the circumstances, travel insurers should give credit for the unused portion of a policy, or enable people to freeze a policy, so they can continue travelling when conditions change. IAG is one insurer I know that has stepped up.
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Travelers Companies, Inc. Announces Data Center In Sarpy County, NE
Buisness Facilities Contributed Content
OCTOBER 22, 2013
The Travelers Companies, Inc., a leading property casualty insurer, is the latest to announce plans to build a new data center in Sarpy County, NE, joining Fidelity, Yahoo!, Travelers is a member of the Dow Jones Industrial Average. Additionally, Omaha Public Power District, Sarpy County and Travelers Companies, Inc.
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3 Companies Partner to Increase Job Safety With IoT Tech
Construction Equipment
MARCH 5, 2019
Travelers Insurance, and Triax Technologies have partnered to explore… As the construction industry continues to capitalize on IoT technology to combat job site safety risks, wearable devices are becoming instrumental in improving risk identification and response to incidents. Gilbane Building Co.,
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63 Check Construction Vibration Impact Zone With Your Phone
Construction Equipment
SEPTEMBER 28, 2017
The Travelers insurance company has introduced a new digital tool that can help contractors identify areas around a construction site that may be negatively affected by the ground vibrations caused by heavy equipment.
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2020 Guide to Construction Cost Estimating
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. In addition, highly specialized subcontract items may require travel and per-diem expenses for mechanics. Material costs are either.
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What Is an Installation Floater?
Levelset
SEPTEMBER 12, 2022
” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. Who needs installation floater insurance?
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Is this the future of travel? From blood tests during airport check-ins to plastic booths around plane seats and sun loungers, we explore the possibilities
Construction Test
MAY 18, 2020
The only certainty is that the future of travel is uncertain. . We hope this is not the case, but we’ll all have to get used to a whole new travel landscape once restrictions are lifted. per cent between December and April, according to travel analysts OAG. Insurance impact . The post Is this the future of travel?
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Top 2023 Security Trends For Construction Site Security
Construction Marketing
JANUARY 6, 2023
It is known for construction site staff to steal equipment while on the job, which is why keeping detailed logs of who has each item can help you to spot and protect yourself against potential theft, which you might need to make an insurance claim for down the line. Strong Security Doors And Gates.
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Consumer Price Increase Reported for September
Pro Builder
OCTOBER 14, 2021
The indexes for new vehicles (+1.3%), household furnishings and supplies (+1.3%), and motor vehicle insurance (+2.1%) rose in September, while the indexes for apparel (-1.1%), and several travel-related components including airline fares (-6.4%), lodging away from home (-0.6%), and used cars and trucks (-0.7%) all declined over the month.
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California Appeals Court Provides Guidance on ‘Pay-When-Paid’ Provisions in Construction Subcontracts
Constructlaw
MAY 12, 2020
Travelers Casualty & Surety Company of America,1 effectively narrowing the scope of enforceable “pay-when-paid” provisions in construction subcontracts to the extent the subcontractor seeks recovery against a general contractor’s payment bond surety. Gropman Cindy J.
Building Tiny Houses on Wheels: Trends and Insights
Building Radar
OCTOBER 8, 2024
Many individuals are opting for mobile living spaces that allow them to travel and explore different locations while maintaining their homes. Financing and Insurance Securing financing for a tiny house can be more complicated than for a traditional home. Mobile Living Spaces A defining characteristic of tiny houses is their mobility.
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CCIP & OCIP: A Guide to Controlled Insurance Programs in Construction
Levelset
AUGUST 5, 2022
Construction insurance can be confusing. Each contractor and party to the project has their own insurance, which may or may not be adequate to protect the work they’re performing. Learn more: What types of insurance do contractors need? Learn more: What types of insurance do contractors need? CCIP vs. OCIP insurance.
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52 Roll ups or roll-outs (Creating business value with effective marketing)
Construction Marketing Ideas
OCTOBER 19, 2013
One reason I travel first class when the upgrade cost differential isn’t too high is the opportunity to learn from travellers who also sit in the executive seats. The travelling companion described his work in acquisitions for a software business, part of a publicly traded company that isn’t that well-known.
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Professional Liability Insurance Explained
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.
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Errors and Omissions (E&O) Insurance Explained for Construction?
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.
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Subtle (and Not So Subtle) Effects of COVID-19 on the Construction Industry
Constructlaw
SEPTEMBER 10, 2020
Video conferences eliminate travel time and permit people to participate who would normally not be able to meet in person, due to distance or other commitments. Health Insurance and Paid/Unpaid Medical or Family Leave: Local, state and federal responses to the pandemic have impacted the health care and leave benefits provided to workers.
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Don’t dream it’s over: Traveller readers reveal their travel dreams and inspiration
Construction Test
MAY 6, 2020
Last week in our ‘Don’t dream it’s over’ feature article, we invited you, the Traveller readers to help keep Australia’s travel dreams alive by sharing your own inspirational travel stories and images. As a veteran traveller for over 40 years, your travel writers certainly struck a chord with me.
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LinkedIn Recommendations: The Service Provider’s Dream
Carol Hagen
JULY 27, 2010
Insurance Agents. Travel Agents. Financial Planners. General Contractors. Graphic Designers. Lawyers Mortgage Brokers. Nutritionists. Optometrists. Personal Trainers. Photographers. Physical Therapists. Property Managers. Real Estate Agents. Recruiters. Search Engine Marketers. Search Engine Optimization Experts. Tax Advisors.
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135 International Arbitration Experts Discuss The Impact On The Global Economy
Constructlaw
DECEMBER 7, 2020
Government shelter-in-place orders, and other efforts to promote social distancing have forced many businesses to shut down or to cancel travel, meetings, conferences and other events, resulting in massive disruptions to business and, often, an inability to meet contractual obligations.
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Is Your Accountant Helping Or Hurting Your Construction Company?
Contractor Bookkeeping
APRIL 4, 2014
I understand because as a child growing up in a construction family in the 1960''s I remember when the "Traveling Bookkeeper" would arrive at my parent''s home to do their contractors bookkeeping. My Mom would have all the receipts and cancelled checks organized in boxes and file folders the "Traveling Bookkeeper". Periodic Draw.
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Handling Traffic Accidents
Safety Services Company
MARCH 13, 2014
Name of their insurance company. • The insurance policy number. Name and number of insurance company contact. Sketch out where the vehicle occupants were seated and in which direction and lane the vehicles were traveling. Exchange information with other driver – Get the other driver’s: • Name.
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Flooring without reservations: Tips for hospitality projects
GCP Applied Technologies
NOVEMBER 6, 2018
Selecting flooring products that convey both class and comfort is important to the overall feeling guests have when entering the reception area and traveling through the property. Proactive moisture mitigation is wise insurance to avoid a costly callback. Aesthetics. RH and pH as high as 12. Contact a flooring specialist.
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Unlock New Potential—Can Multifamily Pop-Up Hotel Concepts Transform Lease-Ups?
BD+C
OCTOBER 26, 2023
There is the flexibility benefit: Given the short-term nature of a "hotel guest," the pop-up unit inventory can be right-sized quickly, catering first to traveler demand and later to unit availability. municipal short-term rental restrictions), wear and tear, and the need for specific insurance and management expertise.
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How to plan for travel in 2021: Where to go and what to do experts reveal
Construction Test
MAY 7, 2020
Next year may seem far off , but travellers have always dreamt and planned ahead. To help shape our ideas and inspire a few dreams, Traveller approached a number of travel industry experts to get the lowdown on 2021: what’s new and exciting, what are the likely trends? Photo: Supplied. And that opportunity will come.
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26 Construction Business Owner Blogs
Construction Business Owner
MAY 10, 2012
INSURANCE |. Luckily, my colleague and I only had to travel two and a half hours to the Atlanta area to meet with leading construction manufacturers from China, Japan and South Korea. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.
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