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Travelers Insurance Wants to Pay You to Use Procore

Construction Junkie

Well, now at least one insurance company believes that, as well. Procore’s platform can help contractors avoid many costly losses and delays through effective risk management and cross-team collaboration,” said Lisa Morgan, President of Construction at Travelers. Announced today, The Travelers Companies, Inc.

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Dissecting code language updates to lightning protection systems

Construction Specifier

In 2018 (latest data available), insurance companies paid nearly $1 billion in lightning-related claims to some 78,000 policy holders, according to the Lightning Protection Institute (LPI). In addition, approximately 3 to 5 percent of all commercial insurance claims involve lightning, which is a reliably preventable issue.

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What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?

Safety Services Company

Insurance companies use the number to assess the cost of injuries and future risks. Your company has filed one or more workers’ compensation claims. When this happens, your insurer raises your insurance premium to mitigate risk. you will pay about 20% more for insurance. Calculating EMR.

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Report reveals industry unprepared for growing pressures

Construction Law

Some interesting insights on the state of the industry and its contractual relationships emerge from the RIBA Construction Contracts and Law report (see News), the first since 2018. This was a smaller number than the 2018 survey, but almost half felt that disputes had risen in the past year.

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Green Building Data Risk as an Opportunity

Green Building Law Update

There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. business seeking to mitigate the risk associated with data protection.

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

Pro Builder

Cannabis and the Jobsite: Keeping Your Risk to a Minimum. His research found a sharp increase in poison-related asphyxia among reported incidents between 2014 and 2018, while drug and alcohol use and an aging workforce also were cited as factors causing injuries and fatalities. Construction Worker Suicide: A Fragile Balance.

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Arbitration Update – The 2021 ICDR Arbitration Rules: A Welcome Update for International Construction Arbitration

Constructlaw

8(1)(a)); (2) all of the claims/counterclaims arise out of the same arbitration agreement (Art. 8(1)(a)); (2) all of the claims/counterclaims arise out of the same arbitration agreement (Art. Third-party Funding (Article 14).