Construction leaders have raised the safety bar, yet more work remains
Construction Dive
MAY 16, 2024
Large GCs have elevated their jobsite practices in recent years in order to limit risk, said a safety expert with insurance firm Charles Taylor.
Construction Insurance Risk Safety 
Project Protection 101: Exclusive Insights for Cost Challenges
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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How to File a Lawsuit After an Injury At a Construction Site?
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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Assessing the Design and Build Risk
Construction Law
APRIL 2, 2024
Our regular expert insurance market commentary from John D Wright of JD Risk Associates looks at the available design and build risk cover available. This story is only available to subscribers to the printed edition of Construction Law. If you have a subscription please log in to read the rest of the story.
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Building Blocks For Solid Risk Management
Construction Business Owner
OCTOBER 27, 2016
Part of an effective risk management program involves monitoring the industry and economic trends that could affect your business. Cal Beyer is the director of risk management at Lakeside Industries in Issaquah, Washington.
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Autodesk Doubles Down in Helping the Construction Industry Reduce Risk
Autodesk Construction Cloud
SEPTEMBER 13, 2022
But in construction, with razor-thin margins, the stakes are significantly higher and there is little room for the unexpected. Contractors are focused on executing efficiently and safety, while winning new business and staying profitable. . Risk management is a multifaceted challenge. million in avoidable rework.
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Protecting Your Business & Recovering From a Major Loss
Construction Business Owner
APRIL 5, 2021
The still-evolving circumstances of the COVID-19 pandemic paired with construction’s already demanding work environment has the industry operating at the height of caution and risk management. But for business owners, now is as crucial a time as ever to assess some of the more familiar pillars of protection: insurance.
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CBO on the Road: 36th IRMI Construction Risk Conference
Construction Business Owner
NOVEMBER 15, 2016
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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10 Ways to Improve Construction Safety
Autodesk Construction Cloud
MARCH 1, 2022
Safety is foundational to construction. Even with all the focus put on budgets, timelines, and processes, safety still comes first. After all, safety can affect all these aspects of a construction project, and more. 10 Winning Strategies to Enhance Construction Safety. Build Safety into Your Culture.
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Does GC Insurance Cover Subcontractors?
Levelset
SEPTEMBER 23, 2022
Accidents happen, especially in construction. General contractors know these risks when they take the role. Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? Who is covered by an insurance policy? General liability insurance.
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7 Ways to Improve Construction Site Safety
Levelset
NOVEMBER 10, 2022
Construction is a risky business by almost any measure: It not only has one of the highest business failure rates of any industry, but construction work also sits atop the list of the most dangerous jobs. In 2019, the construction industry accounted for about 20% of all work-related fatalities in the U.S. Make safety a priority.
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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business
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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Construction Risk Management: How to Reduce Top Construction Risks
Autodesk Construction Cloud
FEBRUARY 5, 2022
How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.
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How to Successfully Plan the Risks Going Into a Construction Project
Fieldwire
JANUARY 25, 2022
No doubt, construction is a risky business. 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. Health and Safety Hazards. Workflow of Risk Planning.
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37th IRMI CRC Champions Safety Efforts
Construction Business Owner
DECEMBER 1, 2017
For 37 years, the International Risk Management Institute Inc. This year, the annual CRC was held at the JW Marriott in Indianapolis, Indiana, November 6-8, and hosted nearly 1,800 attendees.
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7 Ways Construction Companies Can Keep Their Workers Safe
Construction Marketing
MAY 19, 2021
Despite being one of the leading employment sectors in many countries, the construction industry is one of the most dangerous sectors. Statistics show that there are over 400 injuries and over 20 fatalities each year related to construction in Ontario alone. Training your employees on safety measures and equipment.
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Zurich Offers New Risk Management App for Constuction
Construction Equipment
OCTOBER 20, 2020
Zurich North America Insurance is offering a new construction app through Zurich Services Corporation designed to help its construction customers manage their risks and help improve safety, quality, and insights while on the job. Subscriptions to the Zurich Construction Solutions app are now…
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Construction Law: April 2024
Construction Law
APRIL 2, 2024
The government’s own net zero carbon targets are at risk if the speed of delivery of investments isn’t increased. Legislation state of play table Our regular update on the progress of regulations and legislation affecting construction and procurement compiled by Alignment Media.
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From Zero to Hero: Construction Risk Management
Safety Services Company
FEBRUARY 19, 2020
IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? Truth be told, every industry involves risk. The same can be said for the field of construction. Ever-present risks can delay or completely derail investments. Ever-present risks can delay or completely derail investments.
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From Zero to Hero: Construction Risk Management
Safety Services Company
FEBRUARY 18, 2020
How Well Does Your Business Prioritize Construction Risk Management? Truth be told, every industry involves risk. The same can be said for the field of construction. Ever-present risks can delay or completely derail investments. Ever-present risks can delay or completely derail investments. Financial Risks.
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Travelers Insurance Wants to Pay You to Use Procore
Construction Junkie
JULY 27, 2020
For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company. Well, now at least one insurance company believes that, as well. will begin offering their customers a 20% discount of their first year of Procore , the popular construction management software.
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6 Safety Technology Trends for Utility Construction
Construction Equipment
JULY 19, 2019
1-3 in Louisville, Kentucky), Abby Ferri, VP, national construction practice, from the risk management, insurance, and employee benefits advisor Hays Companies, will be conducting an “in-the-field Safety Tech Trek.” At the upcoming ICUEE (Oct. Rather than presenting a PowerPoint in a classroom, she…
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Top 2023 Security Trends For Construction Site Security
Construction Marketing
JANUARY 6, 2023
Less than 25% of stolen construction materials are returned to the company. To prevent losses for your construction business, you need intimate knowledge of the latest security trends. Are you ready to equip your construction site with top-tier security solutions? RFID Tracking For Tools. Going Keyless.
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Construction Law: March 2024
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.
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Construction Law: December 2023
Construction Law
DECEMBER 5, 2023
News Our regular news round up of construction law and procurement stories reports on two highly critical reports of government spending plans for schools and hospitals; and record fines being levied on a landlord and property management company for fire risks. Claims Building a case by extrapolation – should failure be the default?
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Is Your Construction Team Prepared for Cyber Risks?
Pro Builder
DECEMBER 7, 2020
Is Your Construction Team Prepared for Cyber Risks? A cyber loss involving employee and customer information can affect any business, and your construction team is no exception. Proactive Safety Measures for Cyberattacks. Mon, 12/07/2020 - 06:00. The account would then divert funds to the criminal instead. .
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Top 8 Construction Health and Safety Hazards — and Ways to Protect Your Jobsite
Levelset
SEPTEMBER 22, 2022
In the construction industry, a lot can go wrong with the progress and completion of the structure itself. By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. of all deaths in the construction industry. .
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Empowering the workforce through digital transformation
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.
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Can a Property Owner File a Claim Against the Contractor’s Insurance?
Levelset
SEPTEMBER 13, 2022
The construction trade is full of potential pitfalls. In most cases, that’s what insurance is for, and the contractor will typically initiate a claim against their policy to take care of it. But who can actually file a claim against the contractor’s insurance? And what if the insurance won’t cover all or some of the costs?
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Expert Advice for Reducing ?Risk of Cyberattacks
Pro Builder
OCTOBER 4, 2021
Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect their companies. SVP Risk Services Division. PB: What should cyber risk training cover?
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FAQs About Contractor Management Platforms
Safety Services Company
FEBRUARY 13, 2024
may be wondering how to make 2024 the best year yet for health, safety, and compliance. After all, safety first, bidding next. Answer: Each year, contractors must complete an annual update to remain compliant with safety regulations and qualified to perform work. Naturally, many contractors (like you!)
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Construction Law: October 2023
Construction Law
OCTOBER 3, 2023
Guest editor Climate Change, Carbon Emissions, and the Construction Industry Guest Editors Vanessa Alarcon Duvanel, Alex Levin Canal and Alexandra Gerdes of King & Spalding LLP suggest that contractual incentives to get to net zero are a parallel and possibly faster, more flexible and less burdensome option to promote sustainable behaviour.
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Construction Law: Jan/Feb 2024
Construction Law
FEBRUARY 2, 2024
Legislation state of play table Our regular round up of procurement related key announcements from government departments and agencies and third parties compiled by Construction Law staff. Insurance Contracts Works policies Insurance expert John D Wright of JD Risk Associates examines issues arising from Contracts Works Insurance policies.
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Contractor Management and Prequalification: Why Are They Necessary?
Safety Services Company
OCTOBER 16, 2023
Contractor management is a series of checks ensuring that the contractors follow up-to-date safety practices and conform to health and regulatory standards. Prequalification demonstrates that your company adheres to health and safety regulations, preventing potential lawsuits, poor work, and additional expenses for the client.
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Key Financial & Safety Metrics for Subcontractor Qualification
Autodesk Construction Cloud
FEBRUARY 25, 2022
For one thing, circumstances can change quickly in today’s uncertain construction industry. For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . SAFETY RATES & METRICS . FINANCIAL RATIOS: LIQUIDITY . Quick Ratio . Formula: Net Income / Total Revenue .
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Safety In the Fast Lane
Construction Business Owner
JUNE 17, 2015
Finally, his insurance broker would mobilize its claims, safety and risk management personnel to assist after these men prematurely lost their lives. He explained that a motorist had driven into the work zone, striking and killing two employees.
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HUB's Raymond Monteith Offers Expert Advice for Reducing ?Risk of Cyberattacks
Pro Builder
OCTOBER 4, 2021
Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect themselves. SVP Risk Services Division. PB: What should cyber risk training cover?
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Safety On Site - What It Can Mean For Your Construction Project
Wolgast Corporation
MARCH 2, 2022
Safety is an important aspect of any business but especially in construction, where a little accident can have serious impacts to those involved; the trades people on site, the owner, and the contractor. All work sites are subject to OSHA and governmental inspections.
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3 Companies Partner to Increase Job Safety With IoT Tech
Construction Equipment
MARCH 5, 2019
As the construction industry continues to capitalize on IoT technology to combat job site safety risks, wearable devices are becoming instrumental in improving risk identification and response to incidents. Travelers Insurance, and Triax Technologies have partnered to explore… Gilbane Building Co.,
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Hard Hats & Crafts – Celebrating Women Leaders in Construction Safety
Construction Junkie
MARCH 9, 2021
The following article has been sponsored by Hilmerson Safety and also appeared first on HilmersonSafety.com. Defying stereotypes is nothing new for these women leaders in construction. Since the 90’s and early 2000’s they’ve paved new paths for women pursuing careers in construction safety. How did they start?
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Construction Business Owner Blogs
Construction Business Owner
APRIL 5, 2012
INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Green Construction & Construction Software » The Business of Construction Risk Management. First, they understand risk.
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What the Building Safety Bill means for UK construction – and how to get ready
Autodesk Construction Cloud
MAY 16, 2022
In April 2022, the UK government’s Building Safety Bill received Royal Assent making it the Building Safety Act. This legislation promises significant change for the whole sector – from construction businesses and building owners and operators through to insurers and public safety organisations.
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Virtual Tech to Revolutionize Workplace Safety
Construction Equipment
MARCH 12, 2019
Wearable technology, virtual reality, and augmented reality will likely change workplace risk management, according to an article in Risk and Insurance. These technologies will soon allow employers to use VR, for example, to review the physiological limits of a task before sending a live human to…
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Commercial Construction Operations: Pulling Back the Curtain on Behind-the-Scenes Roles
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. Pre-Construction Services.
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