Construction Marketing

DECEMBER 27, 2021

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

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Construction Business Owner

NOVEMBER 19, 2019

Many contractors, subcontractors and developers often do not realize that there are perhaps dozens of exclusions buried in the hundreds of pages of these CGL insurance policies that allow an insurance company to deny coverage for these claims. Find out more here. .

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Insurance Claims Contractors Construction 273

Construction Business Owner

AUGUST 16, 2018

Twenty years ago, no one had heard of cyber insurance, and a hacker was someone with a cough. As recently as 10 years ago, many people still did not know how exposed they were to clandestine attacks on their data.

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Insurance 429

Construction Dive

NOVEMBER 13, 2023

While many are quick to blame the macro trend of inflation for property insurance increases, there are actual events with consequences inherent to the Florida market, that should be credited for the recent developments.

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Insurance Florida 127

Construction Marketing

JANUARY 24, 2022

If you, as an employer, have 1099 employees on your staff from time to time, you may be wondering whether you are required to provide health insurance to them. Oftentimes, contracted employees are cheaper for a business, as they are not required to extend group health insurance coverage to them. What is a 1099 Employee?

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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 ?

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Insurance Contractors Construction Claims 97

Construction Business Owner

JULY 6, 2016

As the United States construction market heats up, there is a renewed focus on improving operational efficiencies and embracing risk management strategies that could offer a meaningful financial impact.

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Insurance United States Risk Management 223

Construction Dive

DECEMBER 18, 2023

The ruling, passed down from the state’s supreme court, could affect which issues contractors choose to litigate with insurers across the country.

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Insurance Liability Illinois Contractors 118

Construction Law

FEBRUARY 29, 2024

Our insurance expert John D Wright of JD Risk Associates analyses the insurance aspects of flood damage. The future looks tricky for insurers and policyholders alike, he warns, as the frequency of flood events rises. This story is only available to subscribers to the printed edition of Construction Law.

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Insurance Risk Construction 40

The Constructor

JUNE 25, 2022

If you’re a part of a construction company, you must realize how important it is to have reliable equipment. Without the right tools and.

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Equipment Insurance Construction Engineering 190

Construction Business Owner

MAY 15, 2018

In addition to lawsuits filed by private citizens, claims filed by federal, state and city regulators are causing more businesses to purchase Employment Practices Liability Insurance (EPLI).

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Liability Insurance Employment United States 209

Levelset

AUGUST 31, 2022

Whether you’re just starting your business or looking to change insurance carriers, it pays to go with a company that has experience and knowledge in providing insurance for the construction industry. These days you can purchase insurance on your own or go through a local agent. Best construction insurance companies.

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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.

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Insurance Liability Construction Contract 52

Construction Equipment

JANUARY 6, 2021

Zurich North America offers Construction Weather Parametric Insurance does not require physical loss or damage in order to claim weather-related losses. Parametric insurance sets predetermined parameters and payments—agreed upon by the insurer and the customer during the application process—for…

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Insurance Claims America Construction 117

Construction Business Owner

JUNE 18, 2018

Why you should work with an insurance broker who understands & takes steps to protect every aspect of your business operations. If your insurance broker is simply negotiating pricing and accepting the terms and conditions offered by carriers and underwriters, it is time to hire a new broker. .

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Insurance Negotiation 200

Construction Business Owner

JULY 6, 2016

As the United States construction market heats up, there is a renewed focus on improving operational efficiencies and embracing risk management strategies that could offer a meaningful financial impact.

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Insurance United States Risk Management 223

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.

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Insurance Liability Claims Injury 98

Construction Dive

DECEMBER 11, 2023

Projects built with wood pose increased risk and it is becoming increasingly important in today’s insurance market that contractors understand the landscape.

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Insurance Risk Contractors 85

Construction Dive

OCTOBER 4, 2023

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

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Insurance Mobility Construction News 115

Construction Law

MARCH 1, 2021

Insurance has never felt cheap to companies in the construction sector, although many or most of them never took the sort of risk management measures highlighted in our regular insurance articles, so to a large extent often had only themselves to blame if they were paying higher premiums than they need have. Premiums soared.

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Insurance Risk Industrial Plans 97

Construction Law

FEBRUARY 1, 2024

Our insurance expert John D Wright of JD Risk Associates examines issues arising from Contracts Works Insurance policies. This story is only available to subscribers to the printed edition of Construction Law. Not all contingencies are covered, he warns, despite policies being described as “all risks”.

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Insurance Contract Risk Construction 40

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.

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Insurance Liability Claims Construction 52

Construction Business Owner

JUNE 21, 2016

One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage. There are numerous ways that contract parties can shift the risk of certain types of losses between each other.

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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?

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Insurance Liability Claims Construction 52

Construction Law

JANUARY 11, 2024

Construction insurance will experience increasing impacts from the accelerating spread of Artificial Intelligence technology across the industry, warns law firm RPC in its Annual Insurance Review. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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Insurance Claims Accounting News 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.

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Insurance Liability Accidents Risk 52

Levelset

MARCH 31, 2022

In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! Dig deeper: What contractors need to know about the insurance claims process. You don’t work for the insurance company or the adjuster, and they don’t work for you.

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Insurance Deals Contractors Claims 93

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.

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Liability Insurance Injury Contract 52

Construction Business Owner

DECEMBER 4, 2023

Project Protection 101: Exclusive Insights for Cost Challenges PCF Construction offers insight on current market construction risks, and how to take control. Project Protection 101: Exclusive Insights for Cost Challenges PCF Construction offers insight on current market construction risks, and how to take control.

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Insurance Risk Security Contractors 156

Construction Marketing

MARCH 2, 2023

Unfortunately, injuries at construction sites are highly likely. You may wonder if you have legal recourse if you have been injured while working at a construction site. Now, let’s look at some of the most common questions about construction site injuries.

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Injury Site Defense Compensation 253

Levelset

JUNE 3, 2022

Construction contractors face potential loss with each project they take on. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause.

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Insurance Cash Flow Claims Contractors 52

Construction Equipment

FEBRUARY 8, 2021

Insurance companies offer usage-based insurance (UBI) in the automotive industry, but heavy equipment managers will probably not find anything similar for several years. UBI uses telematics to tie insurance costs to the way a vehicle is operated. Equipment managers may still benefit from telematics…

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Insurance Equipment Management Industrial 118

ENR Construction

NOVEMBER 17, 2023

Expert Tara Albin, midwest cyber leader for a unit of broker Willis Towers Watson, says Insurance carriers have more experience underwriting cyber risks and firms have stepped up security.

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Insurance Security Risk 78

Pro Builder

JUNE 17, 2021

Managing Rising Construction Costs: Insurance. Builders and remodelers carry insurance policies that cover risks for the project, and coinsurance clauses, which are in many policies, say the builder should maintain coverage up to a specific value. cbroderick. Thu, 06/17/2021 - 10:43.

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Insurance Management Remodeling Construction 52

ENR Construction

NOVEMBER 17, 2023

Expert Tara Albin, midwest cyber leader for a unit of broker Willis Towers Watson, says Insurance carriers have more experience underwriting cyber risks and firms have stepped up security.

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Insurance Security Risk 70

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. Greg Ragsdale.

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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.

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Insurance Liability Compensation Claims 52