article thumbnail

Additional Insured Endorsements & How They Work in Construction

Levelset

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.

article thumbnail

7 Ways Construction Companies Can Keep Their Workers Safe

Construction Marketing

The gear should be adequate and appropriate for the task at hand; if the working environment is dusty, employees should have masks on top of basic equipment such as helmets, ear muffs, knee pads, and hi-visibility jackets. Have a safety standards terms of the agreement (TOA). Hire experts. For instance, the U.S.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Expert Advice for Reducing ?Risk of Cyberattacks

Pro Builder

The system constantly has to be renewed and refreshed because the threat environment is not static. That should not be done on a case by case basis, In the environment of home builders where there can be a lot of trust-based relationships sometimes we can lapse into an informality that could ultimately blow up and cause damage.

Risk 98
article thumbnail

HUB's Raymond Monteith Offers Expert Advice for Reducing ?Risk of Cyberattacks

Pro Builder

The system constantly has to be renewed and refreshed because the threat environment isn't static, it's changing all of the time, so we need to change, too. . Agreements should be reviewed at least annually, and if there are any requirements for upgrading or improvements, that should be validated and reviewed as well. .

Risk 97
article thumbnail

John Green’s Plan to Eliminate Predatory Lending Practices

Pro Builder

The seller still has title to those homes, but the buyer is responsible for the maintenance, insurance, and taxes. JG: It absolutely is made harder by the current environment because interest rates are always higher on those smaller balanced loans. This is a problem with deep historical roots. What’s next for the program?

Plans 52
article thumbnail

A More Even Field: The Eleventh Circuit Overrules Its Precedent and Joins Most Circuits on the Applicability of Domestic FAA Grounds to Vacate Nondomestic Arbitration Awards[1]

Constructlaw

Nevertheless, practitioners and parties who chose to seat their arbitrations within the Eleventh Circuit, will now have to grapple with a new legal environment and think strategically about how questions concerning vacatur will affect arbitration awards issued in the circuit. [1] Risk Insurers v. Risk Insurers , 141 F.3d

AIC 52
article thumbnail

Construction Risk Management: What to do when your project goes wrong

Lets Build

Risks Connected to the Natural Environment. Every country, or even city in some cases, has a different environment and its own natural phenomena. Insurance is the most common method of risk relocation. A good alternative to that could be some private agreement with the rest of the project parties (eg. Relocate the risk.

Risk 165