Remove Accounting Remove Design Remove Injury Remove Insurance
article thumbnail

Factors to Know About Crane and Rigging Insurance

Construction Marketing

Fortunately, crane and rigging insurance provide protection and compensation. However, understanding these insurance policies is key to maximizing your benefits. What is crane and rigging insurance? Other common crane and rigging insurance types include: Boom truck operator insurance.

Insurance 168
article thumbnail

What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

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.

article thumbnail

Protecting Your Investment from Vehicle-into-Building Crashes

Wolgast Corporation

They have collected data from years 2014-2021 and have determined that there is an average of 60 vehicle/building impacts daily, 500 deaths annually, and 4,000 injuries each year. The emergency response report is also useful in your insurance claim for timing and dates. We can also design and restore your building if needed.

Insurance 118
article thumbnail

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. When this happens, your insurer raises your insurance premium to mitigate risk. 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.”.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. INSURANCE |. Accounting & Finance. The company called us to come in and evaluate some of their work stations where they seemed to be getting the most injuries from repetitive motions. One of the areas we looked at was their pallet/skid area, where they were struggling to design an ergonomic work station.

article thumbnail

Top OSHA Violations in Construction (2021)

Levelset

OSHA averages more than 30,000 inspections annually , including many unscheduled visits arising from employee complaints or injuries. According to BLS data, falls accounted for more than 1 in 3 jobsite fatalities in 2019. It accounts for more than twice as many citations and over 5 times the financial penalties of any other violation.

OSHA 52