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Jobless Claims Surged This Month, Here’s Why

Pro Builder

Jobless Claims Surged This Month, Here’s Why. million jobless claims, but by early September, that number grew to 1.7 million jobless claims. More than half of these new jobless claims come from California, which may come at no surprise. Read more to see the other factors playing into jobless claim growth.

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

Safety Services Company

Lowering your EMR is important, as you can greatly reduce the amount you pay for workers’ compensation coverage. Your company has filed one or more workers’ compensation claims. The class rate, for example, is higher for ironworkers, as this is a riskier job class than the class rate for a category, such as “accountant.”.

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Beware of Unilateral Waiver and Release Language

Construction Dive

While a contractor is obligated to follow a directive, the contractor has the right – under the dispute procedures of the contract – to pursue a claim for additional compensation. But what happens when a unilateral directive includes waiver and release language?

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Workers compensation insurance. This type of policy only applies if you have employees.

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Safe Site Check In’s Touch-Free, Paperless Check In and Health Screenings, Offer Post Pandemic Benefits

Construction Junkie

Guests and workers checking into the site are not required to download an app or create an account, and their personal health information is stored only on their device to comply with HIPAA and OSHA regulations. The app is available in both English and Spanish, but can also be customized to support other languages, if needed.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Accounts Receivable Turnover . Accounts Receivable Turnover is an activity ratio that measures how efficiently a firm uses its assets. A higher ratio indicates a stronger ability to collect on Accounts Receivable. .

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The Danger of Over-Reporting on your OSHA 300 Forms

Safety Services Company

Total Recordable Incident Rate or TRIR is a mathematical computation that takes into account how many OSHA recordable incidents a company has per number of hours worked and this number can affect the fate of a company. The lower the EMR of a business, the lower their worker compensation insurance premiums will be. What is TRIR?

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