Levelset

MAY 23, 2022

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.

Insurance 97

Insurance Contractors Construction Claims 97

Levelset

SEPTEMBER 19, 2022

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

Insurance 52

Insurance Liability Compensation Claims 52

Construction Business Owner

JANUARY 12, 2017

Currently, the construction insurance marketplace, excluding health insurance, proves to be a favorable environment for the insurance buyer.

Risk 120

Risk Insurance Negotiation Commercial 120

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. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

Insurance 52

Insurance Cash Flow Claims Contractors 52

Levelset

SEPTEMBER 16, 2022

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

Insurance 52

Insurance Equipment Contractors Risk 52

Construction Equipment

JANUARY 12, 2017

The Oklahoman Newspaper recently featured a question & answer article discussing the various types of insurance companies and drone operators will need should they bring drones into their fleet. that call for more coverage.

Insurance 48

Insurance Commercial Liability Risk 48

Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

Insurance 52

Insurance Liability Electrical Accidents 52

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

Fieldwire

JANUARY 25, 2022

Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. The Importance of Project Risk Planning. Workflow of Risk Planning. treating the risks.

Risk 59

Risk Plans Insurance Construction 59

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

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

Insurance 52

Insurance Certification Contractors Liability 52

Wolgast Corporation

JANUARY 12, 2023

This is extra precaution for the client that their needs will be met with less risk. In 2012, to expand our building expertise, we started a Restoration Division to restore commercial buildings and residences effected by flood, fire, wind, or impact. In 1970, Wolgast was the first to start a DB Division the Mid-Michigan Region.

Commercial 91

Commercial Construction Retail Michigan 91

HardHatChat

OCTOBER 18, 2016

Behind-the-scenes team members – such as Englewood Construction’s CFO, Mary Davolt, who was recently honored as a CFO of the year by the Daily Herald – play a critical role in the success of a commercial construction firm. Risk Manager and Safety Officer.

Commercial 120

Commercial Safety Construction Project Management 120

Construction Business Owner

SEPTEMBER 27, 2013

One risk facing the construction industry is liability for defects in a company’s work.

Insurance 153

Insurance Liability Residential Commercial 153

Construction Specifier

OCTOBER 9, 2023

In 2018 (latest data available), insurance companies paid nearly $1 billion in lightning-related claims to some 78,000 policy holders, according to the Lightning Protection Institute (LPI). In addition, approximately 3 to 5 percent of all commercial insurance claims involve lightning, which is a reliably preventable issue.

Insurance 62

Insurance Claims Commercial Electrical 62

Wolgast Corporation

JULY 6, 2022

Members include architects, risk managers, parking specialists, lawyers, and perimeter safety professionals. The top impacted storefronts are retail stores – 29%, commercial buildings – 20%, restaurants – 19%, and the remaining 32% includes “other” buildings.

Insurance 118

Insurance Claims Safety Michigan 118

Green Building Law Update

APRIL 4, 2021

The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.

Green 293

Green Debt Security Commercial 293

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. What is an installation floater?

Insurance 52

Insurance Liability Risk Materials 52

BD+C

SEPTEMBER 7, 2017

More than half of residential and commercial properties in Houston that are at high or moderate risk of flooding are not included in the Federal Emergency Management Agency's Special Flood Hazard Areas (SFHA), according to CoreLogic.

Houston 40

Houston Zoning Risk Insurance 40

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

NH Construction Law

AUGUST 31, 2023

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

Insurance 40

Insurance Liability Claims AIA 40

Best Practices Construction Law

JULY 29, 2015

There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co.

Insurance 48

Insurance Liability Claims Electrical 48

Levelset

SEPTEMBER 16, 2022

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.

Insurance 52

Insurance Liability Claims Contractors 52

BD+C

DECEMBER 13, 2012

Insurance Service Office, Inc. Since 2007, Pima’s commercial score improved from 81.12 Improved scores result in a lower risk rating, which can contribute to lower homeowner and business insurance rates. Improved scores result in a lower risk rating, which can contribute to lower homeowner and business insurance rates.

Insurance 40

Insurance Arizona Residential Commercial 40

Constructonomics

SEPTEMBER 9, 2016

Across the world, new laws are being passed that require both residential and commercial builders to work to higher standards. The insurance industry believes that the cost could be even higher than that. Increasingly, both residential and commercial clients are seeing the risk of flooding as a serious issue.

Industrial 100

Industrial Construction Insurance Commercial 100

Safety Services Company

OCTOBER 21, 2013

“They continue to get critically injured on the job, particularly when they’re working around energized panels or commercial lighting systems. ESA uses the incident data in the OESR to identify those areas that present the greatest risk to Ontarians, to track changes in incident data, and to identify emerging trends.

Electrical 64

Electrical Safety Risk Injury 64

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. The above outline mainly illustrates the effects it may have on Commercial Estimating departments for Commercial and Non Residential Contractors. Many are Mom and Pop businesses.

Estimating 60

Estimating Residential Insurance Commercial 60

Contractor Magazine

SEPTEMBER 6, 2012

Plumbing Commercial Plumbing. Home > Management > Best Practices > Limbach wins workers comp risk management award. Limbach wins workers comp risk management award. Username or e-mail: *. Password: *. Remember me. Forgot Your Password? Classifieds. Digital Issue. Back Issues. Newsletters. Contact Us. Wastewater.

Risk 54

Risk Management Compensation Contractors 54

Work Gearz

JUNE 14, 2020

However , they are not 100% safe and it’s up to you to accept those additional risks. Wear them At Your Own Risk. However, if you’re one who wants 100% safety and are worried about heat and spark produced during the welding work may cause burns or electric shock and want to avoid these risks. Commercial Welding.

Risk 52

Risk Safety Injury Electrical 52

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

Construction Law

MARCH 2, 2022

Alternative ways of bringing in the funds available from lenders like insurance companies and pension funds were being sought and various proposals involving hybrid public/private partnership type arrangements mooted. Its 25 year commercial arrangement is based on the ‘PF2’ model – which has since been scrapped by the Treasury.

Finance 52

Finance Transportation Commercial Infrastructure 52

Levelset

FEBRUARY 3, 2023

One of the most significant challenges during that time was the lack of financing for commercial construction companies. With longer payment terms, Materials Financing will empower you to use your cash to pay for necessities like payroll, utilities, equipment, and insurance instead of pouring it into upfront material costs.

Finance 52

Finance Cash Flow Materials Security 52

Levelset

AUGUST 5, 2022

Construction insurance can be confusing. Each contractor and party to the project has their own insurance, which may or may not be adequate to protect the work they’re performing. Learn more: What types of insurance do contractors need? Learn more: What types of insurance do contractors need? CCIP vs. OCIP insurance.

Insurance 52

Insurance Liability Claims Construction 52

Green Building Law Update

JULY 7, 2014

The purpose of a legal opinion given in a commercial real estate transaction is, most simply put, to provide the recipient of the lawyer’s writing with comfort regarding specified aspects of the transaction. Committing that a project will be LEED certifiable versus certified by GBCI increases certainly and lowers risk.

Green 120

Green Legal Finance Baltimore 120

Levelset

JULY 21, 2022

In Oregon, contractor bond requirements are determined by whether the contractor is doing residential or commercial work (or a combination) in addition to the contractor’s trade being general, specialty, or limited. If a contractor is doing both residential and commercial work, they must hold two surety bonds. .

Contractors 52

Contractors Claims Oregon Residential 52

Pro Builder

OCTOBER 12, 2022

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. Like a personal credit report, your business credit report allows prospective lenders to assess your risk level as a borrower. Lessons Learned From Previous Housing Market Disruptions. Financials.

Debt 52

Debt Finance Risk Bankruptcy 52

Chianelli Estimating

NOVEMBER 8, 2021

Construction managers and developers can minimize the risk of failure by getting a cost estimate before committing to a hard bid for a construction project. Expenses after completion, including insurance, security and other fees. What is the Importance of Cost Estimation in Construction Projects? Market value fluctuations.

Estimating 60

Estimating Bidding Construction Insurance 60