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 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 16, 2022

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

Insurance 52

Insurance Equipment Contractors Risk 52

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

Construction Business Owner

DECEMBER 1, 2016

The International Risk Management Institute Inc., now known throughout the industry as IRMI, was founded in 1978 with the main purpose of providing education, by way of seminar and print publication, to risk managers, insurance agents/brokers, underwriters and other insurance professionals.

Security 136

Security Insurance Risk Education 136

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. The Importance of Project Risk Planning.

Risk 59

Risk Plans Insurance Construction 59

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. Malicious cyberattacks could impact project designs, bid data, and security system information involved in architectural proposals. Operations.

Risk 92

Risk Construction Security Bidding 92

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. What is plumber’s insurance? Each field of subcontracting work has its own area of focus in insurance matters.

Insurance 52

Insurance Liability Injury Compensation 52

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

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.

Risk 59

Risk Management Construction Documentation 59

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?

Risk 98

Risk Defense Organization Insurance 98

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

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?

Construction 52

Construction Insurance Claims Procurement 52

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?

Risk 97

Risk Defense Organization Insurance 97

Construction Marketing

FEBRUARY 17, 2022

However, with a construction loan , you can build your dream home from scratch without making compromises. A construction loan is high-interest, short-term financing that you can use to custom-build your home. Discussed below are the things you should know before taking out a construction loan. How construction loans work.

Construction 274

Construction Budgeting Budget Drawings 274

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?

Insurance 52

Insurance Claims Liability Accidents 52

Levelset

MARCH 21, 2022

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Construction Law

MAY 2, 2024

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

Construction 52

Construction Legal Cash Flow Insurance 52

Construction Business Owner

APRIL 21, 2015

A report by Symantec on internet security found that 61 percent of small and midsize businesses experienced a cyberattack in 2013. The average cost of those attacks have increased 26 percent, yet surveys indicate only 31 percent of companies have cyber insurance.'

Risk 120

Risk Insurance Security Construction 120

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.

Risk 62

Risk Management Construction Safety 62

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.

Risk 62

Risk Management Construction Safety 62

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. Hire experts.

Construction 178

Construction Safety Guidelines Employment 178

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

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

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.

Insurance 40

Insurance Claims Safety Legal 40

Construction Marketing

SEPTEMBER 24, 2015

Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Business Plan.

Documentation 120

Documentation Insurance Legal Liability 120

Construction Specifier

OCTOBER 9, 2023

In 2018 (latest data available), insurance companies paid nearly $1 billion in lightning-related claims to some 78,000 policy holders, according to the Lightning Protection Institute (LPI). Beyond physical building damage, lightning poses a threat to data, security, and all electrical and electronic components in a building.

Insurance 63

Insurance Claims Commercial Electrical 63

Levelset

SEPTEMBER 12, 2022

Despite your best efforts to protect building materials, any number of things can happen during the course of construction. ” You may already have an insurance policy that offers coverage for business property and general liability. The floater can stand alone or be a limited part of a builder’s risk business policy.

Insurance 52

Insurance Liability Risk Materials 52

Green Building Law Update

APRIL 4, 2021

The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.

Green 293

Green Debt Security Commercial 293

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. ACCOUNTING |.

Risk 120

Risk Insurance Construction Software 120

Levelset

APRIL 1, 2022

As a contractor or sub, you can expect to incur many costs during the course of a construction project. Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. However, there is one very expensive cost that isn’t so cut and dry: construction site theft. Insurance claims.

Site 52

Site Cash Flow Insurance Construction 52

Lets Build

JUNE 13, 2017

Protecting your construction site can be harder than you think. At the moment, the construction industry appears to bleed money due to construction equipment theft. Before we talk for ways to prevent construction site theft, it’s crucial to gain a better understanding of why this is a big problem for our industry.

Site 165

Site Construction Equipment Security 165

NH Construction Law

AUGUST 31, 2023

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. ’” Security Fence Co. And the insurer will have no say in the matter. ” Chase v. . Association , 101 N.H.

Insurance 40

Insurance Liability Claims AIA 40

Construction Business Owner

DECEMBER 19, 2013

Since the creation of Subcontractor Default Insurance (SDI) in 1995, contractors have developed many informed and uninformed perspectives about this insurance product and how it functions. Multiple insurance carriers now widely use and offer SDI as a risk management tool to secure subcontractor performance.'

Insurance 120

Insurance Security Risk Products 120

Wolgast Corporation

JANUARY 12, 2023

Having five options for your construction delivery means you can use a builder that provides the most efficiency, value, expertise, and flexibility you need. To us, that means that we are comprehensive and specialized in whatever is the best way to complete any type of building and solve our customer’s construction needs. Restoration.

Commercial 91

Commercial Construction Retail Michigan 91

Chianelli Estimating

NOVEMBER 8, 2021

The need for estimation and costing of construction can’t be understated. Even if the vision for a construction project is clear, the financial costs of completing it can be difficult to predict. What is the Importance of Cost Estimation in Construction Projects? Please note: The lowest bid isn’t always the best bid.

Estimating 60

Estimating Bidding Construction Insurance 60

Levelset

AUGUST 16, 2022

To grow a construction business, contractors often pursue larger projects. However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them.

Risk 52

Risk Cash Flow Construction Banking 52