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CBO on the Road: 36th IRMI Construction Risk Conference

Construction Business Owner

Last week, the International Risk Management Institute (IRMI) hosted its 36th Construction Risk Conference in Orlando, Florida. The conference featured three general sessions and 27 seminars presented by more than 60 nationally recognized insurance, risk management, safety and surety experts.

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IRMI Workshop Highlights Latest Contractors Professional Liability Exposures & Insurance Options

Construction Business Owner

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

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Travelers Insurance Offering to Pay Contractors in More States to Use Procore

Construction Junkie

Last summer, we learned that Travelers Insurance believed that using Procore as a project management tool helped contractors reduce risk on their projects so much that they were willing to help pay for them to join the platform. Arkansas 4. Colorado 5. Connecticut 6. Delaware 7. Illinois 12. Kentucky 15. Maryland 16. Massachusetts 17.

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Storms Leave Waterfront Homes With Wreckage and Owners With High Costs

Pro Builder

After Hurricane Sally damaged the roof of one Florida couple’s waterfront home, insurance payouts only covered two-thirds of actual damages. The couple put $100,000 of their own money into repairs although they pay $28,000 annually for their insurance coverage. Another Florida couple experienced $1.3 Read More. .

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Nearly Two-Thirds of Homebuyers Are Hesitant to Move to Housing Markets Hit by Extreme Weather

Pro Builder

Americans are increasingly taking climate risks into consideration when relocating to a new housing market, especially in the wake of extreme weather events like Hurricane Ian. This is Florida—hurricanes and flooding come with the territory. Homebuyers should always purchase flood insurance and invest in impact windows if they can.”.

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What Should You Do When There is an Accident at Your Construction Site?

Best Practices Construction Law

You probably saw last month’s report about a major accident at a construction site in downtown Miami, Florida. This is a good reminder of the lessons to learn when investigating or handling an accident on a construction site. Most construction companies, at some point in their life, will experience a job site accident.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

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. Setting up an AOB.