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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Insurance Liability Compensation Construction 52

Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Not all accidents that happen on jobs are large-scale and catastrophic.

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Insurance Liability Electrical Accidents 52

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Insurance Certification Contractors Liability 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.

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Insurance Liability Construction Contract 52

Construction Law Monitor

DECEMBER 27, 2012

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. The main reason being is due to the exorbitant price of this insurance on contractors.

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Compensation Insurance Louisiana Contractors 51

Levelset

SEPTEMBER 20, 2022

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job.

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Insurance Contractors Liability Accidents 52

Construction Equipment

AUGUST 17, 2018

The frequency for all claims in workers’ compensation steadily declined by 17.6 percent between 2011 and 2016, while frequency for car accidents on the job increased by 5 percent. According to data released by the National Council on Compensation Insurance, more than 40 percent of workers’…

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Compensation Accidents Insurance Claims 48

Safety Services Company

DECEMBER 1, 2020

OSHA tracks this information with the goal of preventing accidents in the future. For example, accidentally reporting an injury that did not occur on the jobsite or reporting a cut or scrape that isn’t a recordable accident could have dire consequences. it means the company has had to pay for one or more worker compensation claims.

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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?

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Liability Risk Insurance Contractors 52

Best Practices Construction Law

JULY 29, 2015

There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co.

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Insurance Liability Claims Electrical 48

FDR Safety

OCTOBER 29, 2014

Off-the-job accidents: hidden costs to employers. Off-the-job accidents: hidden costs to employers. The direct costs of on-the-job injuries and deaths are clear in the form of workers’ compensation claims, medical expenses, and potential legal liability. Accident Prevention Training' Join Our Mailing List.

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Injury Accidents Safety Employment 120

Levelset

SEPTEMBER 22, 2022

Many of the accidents stem from oversights that could have been prevented with more vigilance on the job. Struck-by accidents. Keeping a safe distance from power lines and marking areas where powered equipment is in use will also help minimize the risk for electrical accidents. of all deaths in the construction industry. .

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Safety Injury Risk Construction 52

Construction Business Owner

DECEMBER 9, 2011

INSURANCE |. A safe work environment is one of the most straight forward ways to decrease workers compensation expenses. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. Companies who have more claims than average will have a higher than average rate, for example, 1.6. STRATEGY |.

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Safety Services Company

SEPTEMBER 25, 2014

Breaking this down, it means that workplace accidents caused by the lack of workplace safety programs, costs companies hundreds of millions of dollars every day. At this year’s National Safety Council (NSC) expo, it was reported that workplace injuries and fatalities cost businesses an estimated $198.2 billion a year.

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Safety OSHA Compensation Injury 48

Pro Builder

AUGUST 5, 2022

Falls, alone, account for up to 70% of construction-related injuries and deaths, according to Dr. Dong Zhao of Michigan State University, who has been analyzing BLS data to determine why construction accidents keep happening and to discover or refine preventive measures. Falls are the most common jobsite accidents.

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Safety Resource Injury Construction 72

Safety Services Company

OCTOBER 10, 2012

Missouri law requires that an injured worker provide a written report of a workplace injury within 30 days of the date of the accident. The unintended result was that injuries which were no longer covered by workers’ compensation, could now be adjudicated in a civil lawsuit. What is a common fallacy about workplace injuries?

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Injury Compensation Insurance Employment 49

Safety Services Company

OCTOBER 8, 2012

It prevents workers’ compensation claims, acts as cheap insurance and allows employees to go home to their families at night, said Dennis Shepard, a member of the safety commission. 80 percent of accidents happen with vehicles,” he said. Wearing flame-resistant gear is nothing new for employees of larger energy companies.

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Wyoming Safety Commissioning Accidents 48

Construction Lawyer

MAY 30, 2012

After the accident, the State of Minnesota passed an ordinance providing that the State may recover from its contractors any payments made by the State to bridge collapse victims to the extent that the contractor caused or contributed to the collapse. It is very possible that a firm will not have coverage for such claims. Categories.

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Liability Contractors Design Minnesota 40

Buisness Facilities Contributed Content

APRIL 15, 2014

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

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Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. time permanent jobs paying above average wages.

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Income Finance Zoning Equipment 75