Pro Builder

OCTOBER 4, 2021

Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect themselves. SVP Risk Services Division. PB: What should cyber risk training cover?

Risk 97

Risk Defense Organization Insurance 97

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? While there are several cyber risks to monitor, ransomware and business email compromise attacks are two of the most common challenges we see contractors faced within our roles at Sentry Insurance. The account would then divert funds to the criminal instead. .

Risk 92

Risk Construction Security Bidding 92

Safety Services Company

OCTOBER 30, 2023

Working with contractor management services can streamline the process, help you set up your accounts, and free up your time so you can focus on what you do best. Factors to Consider When Starting the Prequalification Process Here are a few things you should consider before setting up your accounts and starting the prequalification process.

Insurance 104

Insurance Certification Contractors Safety 104

Construction Law

DECEMBER 3, 2023

Our insurance expert John D Wright of JD Risk Associates looks at the process of making a claim under an insurance policy, which generate a lot of court attention. There are pitfalls for the unwary, he warns - and for the insurers as well. See the panel to the right.

Claims 40

Claims Insurance Accounting News 40

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

Construction Law

MARCH 1, 2024

Editor Nick Barrett says a Public Accounts Committee report on HS2 provides little cheer to anyone hoping that the UK could somehow successfully deliver infrastructure investment on the scale highlighted recently as essential by the National Infrastructure Commission. Speed might however introduce commercial and legal risks, they warn.

Insurance 40

Insurance Claims Safety Legal 40

Construction Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. In latest published accounts to September 2022, Rydon Group Holdings revealed a pre-tax profit of £6.1m The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort 1 group civil case settlement.

Claims 131

Claims Profitability Maine Insurance 131

Wolgast Corporation

JULY 6, 2022

Members include architects, risk managers, parking specialists, lawyers, and perimeter safety professionals. The emergency response report is also useful in your insurance claim for timing and dates. Additionally, you will want to call your insurance company (after emergency units) to make a claim and so they can assess the damage.

Insurance 107

Insurance Claims Safety Michigan 107

Construction Business Owner

APRIL 5, 2012

ACCOUNTING |. INSURANCE |. Accounting & Finance. Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. STRATEGY |. SOFTWARE |.

Risk 120

Risk Insurance Construction Software 120

Safety Services Company

AUGUST 21, 2020

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.”.

Insurance 62

Insurance Compensation Injury Claims 62

Construction Law

DECEMBER 2, 2022

Eventually government will have to get involved in producing methods of measuring emissions that can stand up to intense scrutiny – which is increasingly to be expected from worried project funders and insurance companies. Those projects failing to meet these criteria may struggle to access financing.

Claims 52

Claims Risk Infrastructure Finance 52

Contractor Bookkeeping

DECEMBER 3, 2013

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

Accounting 48

Accounting Washington Leases Insurance 48

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Accounts Receivable Turnover . Current Ratio .

Safety 94

Safety Debt Liability Equity 94

Construction Marketing

JANUARY 6, 2023

It is known for construction site staff to steal equipment while on the job, which is why keeping detailed logs of who has each item can help you to spot and protect yourself against potential theft, which you might need to make an insurance claim for down the line. Going Keyless.

Security 278

Security Site Mobility Construction 278

Levelset

NOVEMBER 10, 2022

In 2019, the construction industry accounted for about 20% of all work-related fatalities in the U.S. In this article, we’ll explore the most common jobsite safety risks — and what contractors can do to improve safety for all parties involved. . Common jobsite safety risks. Work with your insurance provider.

Safety 52

Safety Site Injury Construction 52

Autodesk Construction Cloud

JULY 13, 2023

Not only does this improve accountability, it also fosters a sense of trust and builds your reputation. Recognize that risks are part of the territory Reducing risk starts by recognizing it. Identify your risk areas and strive to limit them through disciplined decision-making, technology, and streamlined project execution.

Profitability 98

Profitability Risk Construction Autodesk 98

Safety Services Company

OCTOBER 21, 2013

Electrical tradespeople accounted for 29% of all electrical-related fatalities in the workplace between 2003 and 2012, and they continue to be critically injured on the job when working on energized electrical panels or ballasts/347V lighting. Electrical workers accounted for 14% of all occupational fatalities between 2008 and 2012.

Electrical 64

Electrical Safety Risk Injury 64

Construction Marketing

MAY 19, 2021

Before starting a construction project , you should train workers operating in medium and high-risk areas on safety measures and standards. If possible, invest in these technologies , as it reduces crowding and enhances accountability on the site. Here are critical steps you can undertake to enhance safety at your construction site.

Construction 173

Construction Safety Guidelines Employment 173

Construction Business Owner

DECEMBER 6, 2011

ACCOUNTING |. INSURANCE |. Accounting & Finance. In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign.

Construction 195

Construction Software Software Accounting 195

Safety Services Company

OCTOBER 6, 2023

They maintain your contractor management accounts (e.g. Mitigate Legal Risks and Encourage Adherence to Regulatory Requirements You are required to track multiple things to maintain compliance and save yourself from any legal issues. Similarly, hiring clients will not prioritize companies with legal, security, and financial risks.

Management 71

Management Contractors Legal Safety 71

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Levelset

SEPTEMBER 22, 2022

By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. Here’s an overview of eight of the top safety and health hazards in construction — and some preventive measures you can take to avoid these risks. . of all deaths in the construction industry. .

Safety 52

Safety Injury Risk Construction 52

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings.

Risk 52

Risk Cash Flow Construction Banking 52

Autodesk Construction Cloud

JULY 13, 2023

Not only does this improve accountability, it also fosters a sense of trust and builds your reputation. Recognize that risks are part of the territory Reducing risk starts by recognizing it. Identify your risk areas and strive to limit them through disciplined decision-making, technology, and streamlined project execution.

Profitability 52

Profitability Risk Construction Autodesk 52

Safety Services Company

DECEMBER 1, 2020

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?

OSHA 62

OSHA Accidents Injury Compensation 62

Contractor Bookkeeping

JANUARY 6, 2014

In The Past You Had To make notes, collect customer information, go to your office, open QuickBooks or whatever construction accounting software you are using, wait for everything to load up and then try to find the paperwork, open the invoice screen and fill it out and if you were lucky you could email it from QuickBooks to your customer.

Accounting 50

Accounting Contractors Work in Progress Banking 50

Fieldwire

MARCH 5, 2024

Calculate labor costs Labor costs include worker wages, taxes, insurance premiums, retirement contributions, vacation and sick leaves, and union dues. Determine indirect expenses You must estimate insurance, bonds, indirect field expenses and overhead costs. These expenses multiply for every extra person you have on staff.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Chianelli Estimating

AUGUST 6, 2020

The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for.

Estimating 60

Estimating Residential Insurance Commercial 60

Construction Law

JUNE 1, 2021

The fundamental issues remain – clients are convinced that the industry is inefficient and prices have to be held down; main contractors compete ruthlessly on price and take work with little chance of profits and sub contract what they can down the supply chain to those least able to shoulder the risk.

Industrial 52

Industrial Insurance Banking Procurement 52

Levelset

APRIL 1, 2022

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Impact of construction site theft. Eventually. Slower payments.

Site 52

Site Cash Flow Insurance Construction 52

Constructonomics

SEPTEMBER 9, 2016

In many countries, they are gradually changing construction legislation to take account of this fact. The insurance industry believes that the cost could be even higher than that. In fact, the Association of British Insurers (ABI) estimates that the bill for the floods that occurred last winter will be closer to £1.3bn.

Industrial 100

Industrial Construction Insurance Commercial 100

HardHatChat

OCTOBER 18, 2016

A big part of that is because the CFO and financial team take on the invoicing, billing, accounts payable and receivable, keeping track of the suppliers and subcontractors, and facilitating project close-out in a timely fashion. Risk Manager and Safety Officer.

Commercial 120

Commercial Safety Construction Project Management 120

ENR Construction

JULY 27, 2016

When crunching the numbers on the construction wrap-up program for the T-Mobile Arena project outside Las Vegas, insurance broker Aon Risk Services South allegedly failed to take into account a Nevada workers’ compensation rule, one of many intricate features of the state’s workers’ compensation regulations.

Nevada 28

Nevada Las Vegas Compensation Insurance 28

Levelset

JUNE 29, 2022

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. If you haven’t guessed by now, OSHA inspectors pay close attention when employees are at risk of falling. Compliance cost.

OSHA 52

OSHA Inspections Construction Safety 52

Construction Business Owner

AUGUST 19, 2011

ACCOUNTING |. INSURANCE |. Accounting & Finance. Why Construction-Specific Accounting Software Costs More than Generic Accounting Software » Look for the September How To Issue. These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. Tags accounting.

Construction 120

Construction Software Software Accounting 120