Levelset

AUGUST 24, 2022

Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Builder’s Risk Insurance General Liability Insurance Coverage Covers a building under construction—and often tools, equipment, and materials related to the project.

Liability 52

Liability Risk Insurance Contractors 52

Construction Business Owner

JANUARY 18, 2022

Already expecting a downturn, the commercial construction industry was further impacted when COVID-19 either delayed or shuttered projects nationwide and a seemingly endless barrage of storms caused more than $95 billion in damages across the United States alone.

Risk 368

Risk United States Liability Claims 368

Construction Business Owner

NOVEMBER 7, 2023

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk 355

Risk Insurance Construction Security 355

Pro Builder

FEBRUARY 4, 2021

What Home Builders Should Know About Liability Insurance. Q+A with Katie Beck about assessing risk for a changing home building industry. cbroderick. Thu, 02/04/2021 - 12:41. Beck dives into the details on how insurance companies are changing their coverages and how builders can protect themselves through these ever-changing times.

Insurance 52

Insurance Liability Risk Management 52

ENR Construction

FEBRUARY 11, 2021

Turner & Townsend analysis of industry responses say owners are picking up "majority" of liability, but one-third claim project contracts can't properly address pandemic effects; issues raised as U.K. construction growth fell 12.5% last year.

Liability 36

Liability Consulting Claims Contract 36

Construction Business Owner

OCTOBER 26, 2012

While crime exposures for some businesses can be measured and quantified by the amount of cash or other valuables on hand, employee fidelity claims in the construction industry and the losses arising out of such acts can be difficult to identify or quantify. No construction firm is immune to employee dishonesty or crime losses.

Liability 149

Liability Insurance Employment Claims 149

ENR Construction

DECEMBER 13, 2023

Traditional contractor-owner relationships “are being rocked” by decision in long-running case related to death of pedestrian struck by road grader on municipal project, says industry group.

Liability 36

Liability Safety Roads Contractors 36

ENR Construction

DECEMBER 13, 2023

Traditional contractor-owner relationships “are being rocked” by decision in long-running case related to death of pedestrian struck by road grader on municipal project, says industry group.

Liability 36

Liability Accidents Roads Contractors 36

Green Building Law Update

AUGUST 30, 2020

For those concerned about the state of the environmental industrial complex during the coronavirus disease 2019 pandemic, I can report that last Friday I reviewed my 1,000th Phase I Environmental Site Assessment this year. 9601 et seq., 9601 et seq.,

Site 156

Site Liability Leases Defense 156

Construction Marketing

DECEMBER 27, 2021

General Liability Insurance. This type of coverage will protect your company from various liabilities , including injury claims, and cover medical expenses. General liability also protects businesses if they cause damage to a customer’s property or if any product installations go awry, like faulty plumbing that causes leaking.

Insurance 156

Insurance Contractors Accidents Liability 156

Construction Equipment

OCTOBER 6, 2017

Astec Industries, Inc. announced this week the acquisition of substantially all of the assets and liabilities of RexCon LLC, one of the leading full-line concrete batch plant manufacturers in the U.S. The aggregate purchase price for the assets is $26 million, which was funded through cash on hand.

Industrial 65

Industrial Liability Concrete 65

Best Practices Construction Law

MAY 18, 2018

Last week marked the end of Construction Safety Week 2018 , a combined effort by the Construction Industry Safety (CISI) group and the Incident and Injury Free (IIF) CEO Forum. Together these entities are comprised of 80 national and global construction firms, with a goal of promoting safety in the construction industry.

Accidents 48

Accidents Liability Safety Florida 48

Green Building Law Update

JANUARY 19, 2020

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Liability 156

Liability Leases Defense Commercial 156

Job Order Contracting

MARCH 28, 2024

Research Report 271, Construction Industry Institute, Austin, Tx. Understanding Construction Industry Experience and Attitudes toward Integrated Project Delivery.” Ballard, G., and Cho, S. Starting from Scratch: A New Project Delivery Paradigm.”, and Becerik-Gerber B. Journal of Construction Engineering and Management Kim, Y.,

Procurement 189

Procurement Construction DC AIA 189

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?” When the subcontractor installed the expansion joints in the steam boiler and related piping backwards, the heating system got damaged.

Insurance 40

Insurance Liability Accidents Michigan 40

Construction Business Owner

DECEMBER 4, 2023

mhodges Mon, 12/04/2023 - 08:13 According to Joe Tejeda, Practice Leader for PCF Construction, one of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction material costs. Learn more about PCF Construction Insurance.

Insurance 156

Insurance Risk Security Contractors 156

Contractor Magazine

JANUARY 25, 2024

Many hospitals, schools, senior facilities, and commercial buildings install snow and ice melt systems for safety -- and to reduce liability.

Liability 72

Liability Commercial Safety Design 72

Construction Superintendent Magazine

AUGUST 12, 2020

Association officials cautioned that non-housing construction job losses will continue unless the federal government provides infrastructure funding for state and local budgets, enacts liability reforms and other relief measures. “It

AGC 52

AGC Employment Industrial Liability 52

Construction Marketing

JUNE 19, 2023

A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. Certifications exhibit adherence to industry standards and regulations, such as those set by Occupational Safety and Health Administration (OSHA).

Certification 175

Certification Site Accidents OSHA 175

Safety Services Company

DECEMBER 1, 2023

Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. Let’s look at why that is.

Safety 110

Safety Bidding Contract Liability 110

BD+C

AUGUST 10, 2020

Association officials cautioned that non-housing construction job losses will continue unless the federal government provides infrastructure funding for state and local budgets, enacts liability reforms and other relief measures.

Employment 59

Employment Liability Infrastructure Industrial 59

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. They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella.

Insurance 52

Insurance Liability Compensation Construction 52

Job Order Contracting

AUGUST 30, 2022

4BT, founded in 2016, is a certified veteran-owned small business (VOSB), and was founded by JOC program management, technology, and cost data experts with decades of experience with industry sector leading organization including the RS Means Company, LLC, 4Clicks Solutions, LLC, and VFA, Inc. support services.

Contract 214

Contract Procurement Consulting Liability 214

Construction Equipment

JULY 11, 2016

Astec Industries, Inc. announced it has entered into a definitive agreement to acquire substantially all of the assets and certain liabilities of Power Flame, Inc. ("PFI"). The transaction closing is subject to final due diligence and customary closing conditions.

Industrial 48

Industrial Liability Agreement 48

Construction Law

APRIL 2, 2024

Guest Editors Jane Hughes and Isobel Moorhouse of Trowers & Hamlins LLP say that despite years of industry campaigning the end of retentions is not in sight. Minimum standards suggested by Build UK have not been taken up by the industry, which is split on the issue, and legislation would be needed to break the impasse.

Construction 52

Construction Liability Risk Contract 52

BD+C

MAY 3, 2024

The recent trend of moving services and treatment away from general hospitals and towards medical office buildings is one sign of the industry evolving to meet today's challenges and preparing for what comes next. However, unlike other industries, healthcare providers face a number of unique and challenging security issues.

Office 91

Office Safety Security Liability 91

Construction Business Owner

JUNE 12, 2016

Two major trends are currently reshaping the construction industry. As a result of these trends, the liability exposures that contractors often face have significantly increased. First, contractors are taking on an expanded role in project design.

US 120

US Liability Modeling Contractors 120

Construction Business Owner

JUNE 1, 2022

Going forward there will be a long-term asset offset by a current liability and a long-term liability. Construction Industry CPAs and Consultants (CICPAC) recently released a whitepaper titled: ASC 842 – Implementing Leases – Focus areas for contractors.

Leases 178

Leases FASB Finance Accounting 178

Construction Marketing

OCTOBER 19, 2021

When it comes to the liabilities covered in the policy, it usually depends on the insurance provider or brokerage. But snow removal insurance is different from commercial general liability insurance. Usually, more business means more liability risks. When you’re generating more income , it basically means more business.

Insurance 188

Insurance Legal Compensation Injury 188

Construction Superintendent Magazine

AUGUST 5, 2020

Association officials urged government officials to enact liability reform, boost infrastructure investments and extend tax credits to help the industry recover and rebuild.

AGC 111

AGC Infrastructure Liability Metro 111

Autodesk Construction Cloud

FEBRUARY 25, 2022

For one thing, circumstances can change quickly in today’s uncertain construction industry. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets.

Safety 94

Safety Debt Liability Equity 94

Construction Equipment

MAY 12, 2016

Chubb has issued an advisory entitled New Business Models, Technology Raise Professional Liability Risks for Contractors , outlining the risk of cyber threats associated with new technology used in the construction industry. Even if all the technology your company uses is email and texting, this advisory is important to you.

Risk 48

Risk Industrial Liability Modeling 48

Levelset

SEPTEMBER 19, 2022

Third-party insurance , also known as liability or casualty insurance, protects insured individuals or businesses in situations where they may be liable for damages to another person or business — the third party. The roofer’s general liability insurance covers claims related to injuries related to the customer’s fall.

Insurance 52

Insurance Liability Compensation Claims 52

Pro Builder

DECEMBER 1, 2022

Johnney Zhang Is Introducing Crypto to the Housing Industry. With USPC, investors can use their real estate shares just like other forms of cryptocurrency and build wealth off of real estate without the liability of homeownership. Thu, 12/01/2022 - 11:41. Layne Deakins, Associate Editor. Johnney Zhang.

Housing 52

Housing Industrial United States Equity 52

Construction Law Monitor

DECEMBER 17, 2012

In fact, the study shows that OSHA testing can actually result in significant savings for companies along with reducing company liability. Reduced Employer Liability. According to the study, workplaces in high hazard industries that had been subject to random OSHA inspections reported a reduction of 9.4 percent in injury claims.

OSHA 59

OSHA Liability Employment Inspections 59

Safety Services Company

OCTOBER 16, 2023

Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work. For this reason, contractor management and prequalification are an essential part of contractor vetting: they protect hiring clients from liabilities and severe reputational damages.

Management 110

Management Contractors Safety OSHA 110

Construction Business Owner

FEBRUARY 4, 2015

As technology continues to evolve, the construction industry evolves with it. Technology can also dramatically change a contractor''s risk profile and create the potential for unforeseen liabilities.' Technology can also dramatically change a contractor''s risk profile and create the potential for unforeseen liabilities.'

Management 120

Management Liability Mobility Risk 120