Levelset

MAY 23, 2022

One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?

Insurance 97

Insurance Contractors Construction Claims 97

Construction Business Owner

SEPTEMBER 20, 2021

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors. Mon, 09/20/2021 - 07:30.

Risk 356

Risk Liability Insurance Compensation 356

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

Job Order Contracting

MARCH 1, 2022

Specific instructions as to what may be included in a JOC coefficient should also be listed in detail in the associated Request of Proposals (RFP) for Job Order Contracting construction services. General insurances. Workmen’s compensations insurance. State unemployment insurance. projects valued over $35K; 9.

Insurance 233

Insurance Compensation Overhead Security 233

Pro Builder

NOVEMBER 17, 2020

Lower Workers' Compensation Costs by Having a Plan. Having comprehensive plans in place are the most impactful way to mitigate workers’ compensation costs, says the National Association of Home Builders. Construction. cbroderick. Tue, 11/17/2020 - 09:55. When that happens, there should be another plan in place. Jobsite Safety.

Compensation 76

Compensation Plans Accidents Insurance 76

Job Order Contracting

SEPTEMBER 18, 2023

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. A knowledgeable and well-trained estimating team is a key component along with a robust processes, procedures, a objective and granular local market construction task data. #1

Estimating 201

Estimating Construction CSI Compensation 201

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?

Insurance 52

Insurance Liability Claims Construction 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

Levelset

SEPTEMBER 6, 2022

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.

Insurance 52

Insurance Liability Construction Contract 52

Levelset

SEPTEMBER 2, 2022

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

Insurance 52

Insurance Liability Claims Construction 52

Levelset

SEPTEMBER 14, 2022

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

Insurance 98

Insurance Liability Claims Injury 98

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

Liability 52

Liability Insurance Injury Contract 52

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

Insurance 52

Insurance Liability Accidents Injury 52

Levelset

SEPTEMBER 23, 2022

Accidents happen, especially in construction. Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations.

Insurance 52

Insurance Liability Accidents Risk 52

Construction Law Monitor

DECEMBER 27, 2012

Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. In my everyday practice, I feel like the trend is still prevalent in the construction industry.

Compensation 51

Compensation Insurance Louisiana Contractors 51

Levelset

OCTOBER 20, 2022

At any given time, an electrician could be performing work on a construction project that involves high stakes. Scenarios like these stress the need for an electrician to have insurance coverage in place. Scenarios like these stress the need for an electrician to have insurance coverage in place.

Insurance 52

Insurance Liability Electrical Accidents 52

Construction Law Monitor

FEBRUARY 10, 2012

One of my favorite places to find good content and expert opinion regarding construction and legal issues is JDSupra.com. In one of JD’s tweets last week I discovered a very informative article by Matthew Hicks regarding Workers’ Compensation Insurance law and jurisprudence in California. Meyers article here.

Compensation 58

Compensation Insurance California Contractors 58

Job Order Contracting

JULY 19, 2020

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. Locally researched detailed line item unit price construction data provided the highest level of verifiable and transparent information. Introduction. Material costs are either.

Estimating 155

Estimating Overhead Construction Liability 155

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. 13) Business insurance. Businesses are significant investments, so you’ll need to get them insured to protect them from financial losses. Labor costs.

Insurance 295

Insurance Liability Legal Compensation 295

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

Construction Business Owner

JUNE 26, 2013

For most businesses, workers’ compensation is the largest insurance expense line item. Being able to secure the lowest possible premium and reduce the impact of an audit will help you avoid the headaches many companies face in managing this insurance.

Compensation 246

Compensation Insurance Security Management 246

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. A business policy covers many common hazards and perils you might face during the course of construction. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

BD+C

MAY 27, 2021

Pittsburgh Mayor William Peduto recently signed an executive order to fight construction fraud , promote worker safety, and protect city tax revenue. The city recently experienced incidents involving unreported cash payments by subcontractors on construction projects.

Compensation 52

Compensation Insurance Construction Safety 52

Construction Business Owner

AUGUST 22, 2014

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Another study by the National Insurance Crime Bureau states that the total cost of workers’ comp fraud is $7.2 billion per year.

Insurance 227

Insurance Compensation Claims 227

Construction Business Owner

JULY 23, 2014

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Another study by the National Insurance Crime Bureau states that the total cost of workers’ comp fraud is $7.2 billion per year.

Insurance 227

Insurance Compensation Claims 227

ENR Construction

OCTOBER 28, 2020

Insurance coverage for mental health counseling can now be added to workers' compensation.

Insurance 44

Insurance Compensation 44

Viewpoint Construction Technology

MAY 26, 2017

Identifying waste can increase your revenue, but most construction business owners don’t have time to find areas of overspending. Even insurance expenses can be reduced with the right integrated software platform. A holistic approach provides you the opportunity to take stock of spending throughout your organization.

Software 130

Software Software Insurance Construction 130

ENR Construction

JULY 21, 2021

Liberty Mutual index shows exertion as the cause of greatest insurer losses.

Compensation 74

Compensation Injury Insurance 74

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

Autodesk Construction Cloud

OCTOBER 5, 2023

The construction industry’s increasing investment in technology underscores the inevitability of digitalisation. Behind this optimism, however, are labour shortages and a widespread perception of the construction industry as ‘behind the times’ which has resulted in a dearth of available digital talent. Take Fredon for example.

Safety 88

Safety Insurance Risk Documentation 88

Levelset

AUGUST 24, 2022

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

Liability 52

Liability Risk Insurance Contractors 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

Levelset

SEPTEMBER 8, 2022

When it comes to protecting your contracting business from claims and lawsuits, it can be tough to know what type of insurance you should purchase. Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. What are general liability and professional liability insurance?

Liability 52

Liability Insurance Claims Legal 52

Chianelli Estimating

JANUARY 30, 2020

Construction estimating is an important task that should not be overlooked or done in a careless manner. Failing to prepare a reliable construction estimate could make the difference between a successful project and a complete fiasco aided by a calamity of errors. Preparing an estimate does not come without a cost.

Estimating 78

Estimating Construction Bidding Bankruptcy 78

Construction Business Owner

DECEMBER 9, 2011

INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. David is a construction safety expert for Carolina Safety Consultants with over 20 years of experience. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Construction 136

Construction Insurance Software Software 136

Levelset

JUNE 29, 2022

To those on the jobsite day-to-day, it’s no surprise that construction consistently tops the list of the most dangerous industries in the US. But because of the inherent dangers on construction jobsites, contractors are under close scrutiny for compliance. OSHA standards for construction. Peter Lindborg. View profile.

OSHA 52

OSHA Inspections Construction Safety 52

Constructlaw

MARCH 24, 2023

These cases address topics, ranging from required liability insurance to compensation for a landowner’s loss of quiet enjoyment of their property. It also requires the licensee to maintain commercial general liability insurance.

New York 52

New York Compensation Negotiation Liability 52