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

Job Order Contracting

MARCH 1, 2022

Specific instructions as to what may be included in a JOC coefficient should also be listed in detail in the associated Request of Proposals (RFP) for Job Order Contracting construction services. Social security contributions. General insurances. Workmen’s compensations insurance. State unemployment insurance.

Insurance 233

Insurance Compensation Overhead Security 233

Job Order Contracting

SEPTEMBER 18, 2023

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. A knowledgeable and well-trained estimating team is a key component along with a robust processes, procedures, a objective and granular local market construction task data. #1

Estimating 201

Estimating Construction CSI Compensation 201

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

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

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

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

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

Insurance 52

Insurance Liability Accidents Injury 52

Construction Business Owner

DECEMBER 5, 2014

Throughout the last decade, the construction industry has spawned an entirely new black market industry—construction theft. According to the National Insurance Crime Bureau, as much as $1 billion in construction tools, equipment and materials is stolen nationwide each year, 90 percent of which is taken directly from construction sites.

Security 273

Security Risk Insurance Equipment 273

Construction Marketing

SEPTEMBER 25, 2018

It costs a lot to put up, mainly because it plays a significant role in your safety and security while giving you a solid defense against the effects of snow, wind, rain, heat, hail, and other elements. This having been said, here are 5 tips for filing a roof replacement insurance claim. Contact the Insurance Policy.

Insurance 120

Insurance Claims Inspections Minnesota 120

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

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

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

Construction Business Owner

DECEMBER 1, 2016

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. The International Risk Management Institute Inc.,

Security 136

Security Insurance Risk Education 136

Construction Law

MAY 2, 2024

Guest Editor Barry Hembling of Watson Farley & Williams LLP asks whether the updates are keeping pace with fast moving developments in construction law? Legislation state of play table Our regular update on the progress of regulations and legislation affecting construction and procurement compiled by Alignment Media.

Construction 52

Construction Legal Cash Flow Insurance 52

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 267

Construction Budgeting Budget Drawings 267

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

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. Costs Security for costs: a lottery or an established well-honed process?

Construction 52

Construction Insurance Claims Procurement 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 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 175

Construction Safety Guidelines Employment 175

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 Business Owner

JUNE 26, 2013

For most businesses, workers’ compensation is the largest insurance expense line item. Being able to secure the lowest possible premium and reduce the impact of an audit will help you avoid the headaches many companies face in managing this insurance.

Compensation 246

Compensation Insurance Security Management 246

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” But what makes Skanska interesting is that the court took pains to distance itself from an earlier Michigan decision, Hawkeye-Security Ins.

Insurance 40

Insurance Liability Accidents Michigan 40

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

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 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 62

Insurance Claims Commercial Electrical 62

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

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

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. Analyze and update company safety policies.

Risk 59

Risk Plans Insurance Construction 59

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

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 84

Commercial Construction Retail Michigan 84

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. Ransomware.

Risk 92

Risk Construction Security Bidding 92

Construction Business Owner

FEBRUARY 23, 2012

INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. Today’s Cloud Security.

Security 120

Security Construction Software Software 120

BD+C

JUNE 5, 2023

How to properly assess structural wind damage 0 dbarista Mon, 06/05/2023 - 16:17 Engineers Properly assessing wind damage can identify vulnerabilities in a building's design or construction, which could lead to future damage or loss, writes Matt Wagner, SE, Principal and Managing Director with Walter P Moore.

Structural Engineering 98

Structural Engineering Insurance Engineering Guidelines 98

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. Installation floaters fall under the umbrella of inland marine insurance.

Insurance 52

Insurance Liability Risk Materials 52

Job Order Contracting

AUGUST 2, 2016

Construction Labor Data by State. Construction Managers. Security Guards. Insurance Claims and Policy Processing Clerks. Construction and Extraction Occupations. First-Line Supervisors of Construction Trades and Extraction Workers. Construction Laborers. Painters, Construction and Maintenance.

Construction 100

Construction Electrical Sewer Engineering 100