Construction Business Owner

DECEMBER 20, 2020

How to Get Better Options in Today’s Hard Insurance Market. One thing underwriters have made abundantly clear during this challenging renewal environment is that simply blasting a submission to multiple insurance carriers to find competitive pricing, will not produce the effective results it may have in the past. Risk Management.

Insurance 156

Insurance Virgin Islands Puerto Rico Alabama 156

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

While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC. 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.

Insurance 52

Insurance Contractors Claims ABC 52

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

NOVEMBER 15, 2020

And these questions are not unfounded because as of November 1, 2020, legal industry databases of state and federal litigation are tracking more than 6,100 cases involving Covid-19 claims. All of this begs the question if a business owner’s premises liability insurance covers such claims? With Covid-19 spreading across the U.S.

Liability 293

Liability Legal Claims Insurance 293

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

Viewpoint Construction Technology

JUNE 3, 2019

Conflicts and other project risks can delay work and negatively impact bottom lines. When not mitigated or resolved with effective people management strategies , these problems can lead to poor morale, drops in performance and even trigger industrial disputes affecting project profitability. This may work for them.

Risk 130

Risk Software Software Construction 130

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

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 118

Insurance Claims Safety Michigan 118

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. Claims Building a case by extrapolation – should failure be the default?

Construction 52

Construction Insurance Claims Procurement 52

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 40

Insurance Claims Risk Management 40

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

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

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

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. Calculating EMR.

Insurance 62

Insurance Compensation Injury Claims 62

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

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 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

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

Contractor Magazine

SEPTEMBER 6, 2012

Fleet Management. Management Best Practices. Project Management. Home > Management > Best Practices > Limbach wins workers comp risk management award. Home > Management > Best Practices > Limbach wins workers comp risk management award. Storage Equipment.

Risk 54

Risk Management Compensation Contractors 54

Levelset

NOVEMBER 10, 2022

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. Risks to employees are a top priority for contractors, and threats to health and safety aren’t the only cause for concern. Work with your insurance provider.

Safety 52

Safety Site Injury Construction 52

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

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

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. This is extra precaution for the client that their needs will be met with less risk. General Contracting. Restoration.

Commercial 91

Commercial Construction Retail Michigan 91

Pro Builder

AUGUST 5, 2022

Cannabis and the Jobsite: Keeping Your Risk to a Minimum. Scott Smith, corporate director of safety management services for Selective Insurance Group , a holding company for 10 property and casualty insurers, sees it more simply. There’s a gap in the management of risk and safety in construction,” he says.

Safety 72

Safety Resource Injury Construction 72

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. Formula: Net Income / Total Revenue .

Safety 94

Safety Debt Liability Equity 94

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

Best Practices Construction Law

SEPTEMBER 22, 2020

This should include identifying chain of command for notice purposes, identifying internal investigation team members, identifying who will be a company spokesperson, and identifying your risk management team (insurance and legal). Manage the accident documents. Act diligently when an accident occurs.

Accidents 62

Accidents Site OSHA Miami 62

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. GCs can also purchase subcontractor default insurance to reduce this risk.

Risk 52

Risk Cash Flow Construction Banking 52

Constructlaw

DECEMBER 7, 2020

Charlie Lightfoot, Co-chair of International Arbitration Practices and Managing Partner, Jenner & Block, London. Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of con­tract defenses focused on excuses for non-performance.

Claims 40

Claims Insurance Bankruptcy Legal 40

Pro Builder

SEPTEMBER 28, 2020

For example, if communities receiving HUD funding did not enact changes to discriminatory zoning, that funding would be at risk. . 31, 2020 for homeowners with FHA-insured single-family mortgages. . Partial claim has been very helpful. AFFH allowed for more federal action to ensure the purposes of the Fair Housing Act.

Housing 98

Housing NAHB Insurance Income 98

Construction Law

OCTOBER 3, 2022

Claims for extensions of time was the most common cause of disputes, reported by 50% of respondents. Contracts were being used that were held to inappropriately allocate risk, which was probably being obscured within the preponderance of complex procurement and contracting processes. Nick Barrett.

Industrial 52

Industrial Contract Consulting Negotiation 52

Pro Builder

JULY 27, 2020

“We’re seeing companies going to their vendors and subs seeking to amend or add language to contracts to include certifications that they will be complying with relevant public health guidance and to clarify who is responsible for what and also, to the extent possible, to try to get indemnification in case there is a claim,” says Jessica T.

Legal 59

Legal OSHA Employment Liability 59

Pro Builder

SEPTEMBER 28, 2020

It has been reported that 41% of construction managers cite the effects of the pandemic on their workforce as one of the top three biggest concerns in 2020 … and leaders are thinking about how to create safe, healthy, and COVID-secure working environments while simultaneously driving team motivation. .

Safety 105

Safety Schedule Site Management 105

Building Information Management

DECEMBER 23, 2015

Proper planning, the right team, selecting a unit price book (UPB), establishing best management practices, initial an ongoing training, and developing appropriate quantitative benchmarks represent some key considerations. As JOC is a LEAN best management practice one might argue that outsourcing counterproductive. Certification.

Contract 40

Contract Certification Documentation Bidding 40