Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. It also helps contractors manage cash flow during a loss. Project loss insurance coverage.

Insurance 52

Insurance Cash Flow Claims Contractors 52

Construction Business Owner

OCTOBER 24, 2016

In today’s litigious environment, claims against construction companies are inevitable, and off-the-shelf solutions used to manage liability risks are too often inadequate. Construction defect claims are compounded by the fact that not all are covered by insurance, depending on the carrier and the applicable state statutes.

Claims 120

Claims Liability Insurance Risk 120

Levelset

APRIL 28, 2022

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

Insurance 52

Insurance Contractors Claims ABC 52

Construction Enquirer

JUNE 22, 2023

HM Revenue & Customs is turning the spotlight on claims for rising materials costs under the industry’s CIS tax scheme. Under CIS, contractors deduct money from payments to subcontractors and then pass it on to HMRC as advance payments towards the subcontractor’s tax and National Insurance contributions.

Claims 100

Claims Materials Subcontracting Contractors 100

Construction Junkie

JULY 27, 2020

For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company. Well, now at least one insurance company believes that, as well. will begin offering their customers a 20% discount of their first year of Procore , the popular construction management software.

ProCore 83

ProCore Travel Insurance North Carolina 83

Green Building Law Update

FEBRUARY 12, 2014

Insurance companies cannot recover environmental cleanup costs paid to their insured under the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, from another Potentially Responsible Party ( unless their insured had first pursued a separate claim to recover the cleanup costs from that PRP).

Insurance 120

Insurance Liability Legal Claims 120

Construction Law

MARCH 1, 2024

News Our regular news round up includes a call from insurance companies for pilot projects to find investment models for green infrastructure; failure of another legal challenge to the Stonehenge project; and a warning that the new Building Safety Regulator is looking for a high profile prosecution to make a point.

Insurance 40

Insurance Claims Safety Legal 40

ENR Construction

JUNE 15, 2023

An insurer claims manager told a risk conference audience four years ago that “in case you’ve been on another planet, there have been hundreds of design-build lawsuits.”

Design 41

Design Insurance Conference Claims 41

Best Practices Construction Law

FEBRUARY 21, 2018

Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. ,

Insurance 54

Insurance Subcontracting Injury Construction 54

ENR Construction

OCTOBER 25, 2017

Why did a developer and construction manager seek to collect builders-risk insurance for a storm-battered tower crane?

Insurance 48

Insurance Claims Risk Management 48

NH Construction Law

NOVEMBER 30, 2020

Because venue provisions can be waived, courts allow Miller Act claims to be litigated in a different court selected by the parties’ contract. ” This language can certainly be read as evidence of congressional intent that Miller Act claims not be arbitrable. Industrial Lumber Co. , Enterprises, Inc. , 3d 35, 36 (1st Cir.

Claims 40

Claims Subcontracting United States Contract 40

BD+C

JUNE 5, 2023

How to properly assess structural wind damage 0 dbarista Mon, 06/05/2023 - 16:17 Engineers Properly assessing wind damage can identify vulnerabilities in a building's design or construction, which could lead to future damage or loss, writes Matt Wagner, SE, Principal and Managing Director with Walter P Moore.

Structural Engineering 98

Structural Engineering Insurance Engineering Guidelines 98

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” When the subcontractor installed the expansion joints in the steam boiler and related piping backwards, the heating system got damaged.

Insurance 40

Insurance Liability Accidents Michigan 40

Construction Law

DECEMBER 5, 2023

News Our regular news round up of construction law and procurement stories reports on two highly critical reports of government spending plans for schools and hospitals; and record fines being levied on a landlord and property management company for fire risks. The programme, called CRUX, is based on expert diagnosis of claims and disputes.

Construction 52

Construction Insurance Claims Procurement 52

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.

Insurance 52

Insurance Contractors Lien Claims 52

Construction Business Owner

MAY 30, 2013

There are numerous resources to help construction companies prevent workers’ compensation claims. Companies can refer to their insurance carriers and agents or broker partners who employ consultants specializing in worker safety and injury prevention.

Injury 166

Injury Compensation Claims Insurance 166

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. The Storefront Safety Council is a group of volunteers that are “passionate about ending vehicle-into-building crashes.”

Insurance 107

Insurance Claims Safety Michigan 107

Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. Accordingly, the joint venture could not claim reimbursement under the policies. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Insurance Claim.

Insurance 59

Insurance Maryland Claims Construction 59

Construction Law Monitor

SEPTEMBER 17, 2012

According to a recent Press Release from Marsh , a leader in insurance broking and risk management, construction firms across the U.S. Insurance rates have been declining for close to a decade, but rates are forecasted to increase between 8 and 10 percent. Being insured is a major expense in all construction companies.

Insurance 63

Insurance Construction Forecasting Claims 63

Safety Services Company

AUGUST 21, 2020

Insurance companies use the number to assess the cost of injuries and future risks. Your company has filed one or more workers’ compensation claims. When this happens, your insurer raises your insurance premium to mitigate risk. you will pay about 20% more for insurance. If that number spikes, the reason is simple.

Insurance 62

Insurance Compensation Injury Claims 62

Construction Business Owner

JUNE 17, 2015

Finally, his insurance broker would mobilize its claims, safety and risk management personnel to assist after these men prematurely lost their lives. He explained that a motorist had driven into the work zone, striking and killing two employees.

Safety 120

Safety Accidents OSHA Zoning 120

Best Practices Construction Law

NOVEMBER 4, 2015

When dealing with construction claims—whether one for construction defects, outstanding payment, or delay damages—an initial hurdle is making sure that proper notice has been given. Recently, a court in New York held that notice to an insurance broker was not the same as the contractually required notice to the insurance carrier.

Claims 48

Claims Change Orders Legal Schedule 48

Construction Equipment

MARCH 28, 2019

Salesforce Ventures has invested in Kespry to focus on AI-augmented insurance claims management capabilities that complement Salesforce Financial Services Cloud. The companies plan to enhance the end-to-end digital experience for insurance clients and customers by delivering risk and damage…

Insurance 49

Insurance Claims Risk Plans 49

Construction Cost Estimating

OCTOBER 10, 2018

Quality Manager: The purpose of the quality managers is to make sure that the product or service that an organization renders is suitable for purpose, reliable and satisfies both external and internal requirements. Read more ~~~~~~~~~~~~~~~~~~~~~~~~ Published By Rajib Dey www.constructioncost.co ~~~~~~~~~~~~~~~~~~~~~~~~.

Liability 40

Liability Management Subcontracting Forecasting 40

Contractor Connection

DECEMBER 14, 2023

By seamlessly combining careful contractor matching, a comprehensive service model, and its leadership in managed repair, Contractor Connection not only repairs damages but also restores hope and rebuilds futures. This includes a thorough evaluation of proper licensing, insurance, and financial stability.

Contractors 40

Contractors Claims Insurance Management 40

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. Strong Security Doors And Gates.

Security 282

Security Site Mobility Construction 282

Levelset

JULY 21, 2022

In the event of a valid claim against the license bond, the principal must reimburse the surety company for any payouts. The surety company is responsible for requesting reimbursement from the contractor after a claim payout has been made on the contractor’s behalf. Obligees can file a claim for: Failing to pay licensing or other fees.

Contractors 52

Contractors Claims Oregon Residential 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. Schedule delays. Eventually.

Site 52

Site Cash Flow Insurance Construction 52

FDR Safety

AUGUST 27, 2015

FDRsafety names three regional business managers. These costs include health insurance claims, disability claims, lost productivity, overtime and the cost of hiring new employees. He is a former managing director of safety at FedEx and a former vice president of the National Safety Council. Join Our Mailing List.

Accidents 120

Accidents Safety Statistics Injury 120

Pro Builder

NOVEMBER 3, 2020

Homeowners will know when there are any water leaks, which showed a 96% decrease in paid water leak insurance claim, according to Residential Tech Today. Depending on their carrier, they may even be able to receive significant savings on their insurance premiums, thanks to the device’s superior leak detection capabilities.”.

Insurance 52

Insurance Sustainability Claims Security 52

Wolgast Corporation

JANUARY 12, 2023

Construction Management. The Construction Management (CM) delivery is the best solution to save money and keep track of all the moving parts and trades of these large, complex school projects. Our expertise is with the following delivery types of construction: Design-Build. General Contracting. Restoration.

Commercial 84

Commercial Construction Retail Michigan 84

Levelset

NOVEMBER 10, 2022

Modern technology, including smart devices and construction management software , makes real-time communication simple between the office and the jobsite. As the saying goes, “you can’t manage what you don’t measure.” Managing and reducing safety requires contractors to keep a careful record of injuries as well as near misses.

Safety 52

Safety Site Injury Construction 52

Viewpoint Construction Technology

JUNE 3, 2019

The most common of all conflicts and one which people misunderstand as the easiest to resolve, involves miscommunication between employees; be it between an employee or a manager, between a manager and another manager, a supplier and a supervisor, or between employees themselves. The Effect of On-Site Disputes.

Risk 130

Risk Software Software Construction 130

Safety Services Company

DECEMBER 1, 2020

Experience Modification Rate or EMR is the number used by insurance companies to measure the cost of injuries in the past and the predication of future accidents or risk of a company. The lower the EMR of a business, the lower their worker compensation insurance premiums will be. What is EMR? An EMR of 1.0

OSHA 62

OSHA Accidents Injury Compensation 62

Contractor Connection

MAY 31, 2018

Call your insurance company right away and arrange accommodations. If you are forced to leave your home due to damage from a storm, be sure to check with your insurance company right away to see if it will cover the cost of an apartment rental or extended-stay hotel.

Insurance 76

Insurance South Carolina North Carolina Contractors 76

Construction Business Owner

DECEMBER 9, 2011

MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Some project managers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” Fewer accidents also mean lower insurance premiums, which mean lower labor costs. STRATEGY |.

Construction 136

Construction Insurance Software Software 136

Job Order Contracting

AUGUST 2, 2016

Construction Managers. Architectural and Engineering Managers. Insurance Claims and Policy Processing Clerks. Construction Labor Data by State. Compliance Officers. Cost Estimators. Architecture and Engineering Occupations. Architects, Except Landscape and Naval. Landscape Architects. Cartographers and Photogrammetrists.

Construction 100

Construction Electrical Sewer Engineering 100