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How to Prepare for Unexpected Risk Exposure

Construction Business Owner

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. How to Prepare for Unexpected Risk Exposure. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 357
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Creating a JOC Coefficient?

Job Order Contracting

Equipment. Workmen’s compensations insurance. Incidental tools and equipment. Note: Quality, locally researched unit price books will already include social security contributions, general insurances, workmen’s compensations insurance, state unemployment insurance, and federal unemployment insurance.

Insurance 233
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Factors to Know About Crane and Rigging Insurance

Construction Marketing

For those installing properties using rigging equipment, the complexities of these job sites are even worse. Fortunately, crane and rigging insurance provide protection and compensation. Items such as telecom equipment, generators, and air conditioning units are very expensive. What is crane and rigging insurance?

Insurance 168
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How to File a Lawsuit After an Injury At a Construction Site?

Construction Marketing

This defense is often used in cases where the worker was not provided with proper safety equipment or where the worker did not follow safety protocols. Workers’ compensation This defense says you are not entitled to sue for damages because workers’ compensation insurance covers you.

Injury 258
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4 Things You Need To Know About Snow Removal Insurance

Construction Marketing

Because of their nature of work, snow removal contractors are usually exposed to many risks, which may include anything from third-party injuries to equipment. And in case of physical harm to your workers or damage to your customers’ property, your snow removal insurance can compensate for the needed expenses. . Conclusion.

Insurance 188
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Objective, reliable, and veriable Construction Cost Estimates

Job Order Contracting

. #3 Building a Detailed Estimate The best approach to completing is to create a detailed line item estimate via a quantity take-off and associating granular labor, material, equipment, and productivigy data for each line. This will provide you with a clear technical and cost view of the project. #4

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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Covered items include computers and data equipment, mobile equipment like cranes, forklifts, loaders, building equipment like hammers, electric saws, generators, drills and borrowed equipment. If you have equipment that creates risks to public health or the environment, this type of policy will cover any damages.

Insurance 156