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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. .

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7 Ways to Improve Construction Site Safety

Levelset

In 2019, the construction industry accounted for about 20% of all work-related fatalities in the U.S. Because this line of work has a greater chance of injury or death than others, contractors must take great care to make sure work zones are safe and workers are protected. . Work with your insurance provider.

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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. 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.”.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. INSURANCE |. Software & Technology. Accounting & Finance. Green Construction & Construction Software » The Business of Construction Risk Management. This, after all, is the foundation of the insurance industry. Is There No Free Lunch or Construction Software?

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. INSURANCE |. Software & Technology. Accounting & Finance. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. Is There No Free Lunch or Construction Software?

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. INSURANCE |. Software & Technology. 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. Is There No Free Lunch or Construction Software? Tags accounting.

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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.

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