Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

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 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.

Insurance 52

Insurance Liability Compensation Construction 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

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

Insurance 52

Insurance Liability Electrical Accidents 52

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

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .

Insurance 52

Insurance Liability Equipment Agreement 52

FDR Safety

JULY 12, 2016

OSHA’s new, misguided requirement for detailed electronic reporting of injury and illness data by employers has come under legal challenge by a coalition of trade associations, employers and an insurance company. OSHA contends that such programs may encourage the under-reporting of illnesses and injuries.

Injury 120

Injury Legal OSHA Accidents 120

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 13, 2022

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? The day-to-day work of a contractor is rife with risk.

Insurance 52

Insurance Claims Liability Accidents 52

Fieldwire

JANUARY 25, 2022

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. Adopt site preparation strategies to prevent injuries. The Importance of Project Risk Planning.

Risk 59

Risk Plans Insurance Construction 59

Levelset

SEPTEMBER 20, 2022

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job.

Insurance 52

Insurance Contractors Liability Accidents 52

Safety Services Company

FEBRUARY 13, 2024

Without completing it, you risk losing qualifications or compliance until it’s finished. Question: I Needed to Report Injuries on My OSHA Logs. Answer: Keep in mind that injuries and incidents will affect your safety status. To receive it, talk to your workers comp insurance carrier.

FAQ 74

FAQ Contractors Management OSHA 74

Best Practices Construction Law

FEBRUARY 21, 2018

Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. ,

Insurance 54

Insurance Subcontracting Injury Construction 54

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. Before you start panicking about the 90 plus risks on the list you’re probably not completely aware of at this moment, let’s take a step back.

Risk 59

Risk Management Construction Documentation 59

Safety Services Company

OCTOBER 30, 2023

These can relate to your insurance, financial stability, safety records, etc. This process analyzes their performance, management process, resources, and capacity.

Insurance 98

Insurance Certification Contractors Safety 98

FDR Safety

SEPTEMBER 27, 2013

If you manage for risk, you also manage for compliance. However, if you manage for compliance, you may overlook risk and hazards that result in serious or fatal injuries. Thankfully, the groundwork to manage risk within GM and our joint process had been laid. Whether safety, business risk, insured risk, market risk, etc.,

Risk 120

Risk Safety Management OSHA 120

Safety Services Company

FEBRUARY 19, 2020

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? Truth be told, every industry involves risk. Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project.

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. Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

AUGUST 21, 2020

Insurance companies use the number to assess the cost of injuries and future risks. When this happens, your insurer raises your insurance premium to mitigate risk. When figuring the EMR, insurance analysts review the claims history of companies in specific industries. Calculating EMR.

Insurance 62

Insurance Compensation Injury Claims 62

Wolgast Corporation

JULY 6, 2022

Members include architects, risk managers, parking specialists, lawyers, and perimeter safety professionals. They have collected data from years 2014-2021 and have determined that there is an average of 60 vehicle/building impacts daily, 500 deaths annually, and 4,000 injuries each year.

Insurance 118

Insurance Claims Safety Michigan 118

Levelset

NOVEMBER 10, 2022

Because this line of work has a greater chance of injury or death than others, contractors must take great care to make sure work zones are safe and workers are protected. . In this article, we’ll explore the most common jobsite safety risks — and what contractors can do to improve safety for all parties involved. .

Safety 52

Safety Site Injury Construction 52

Levelset

SEPTEMBER 8, 2022

When it comes to protecting your contracting business from claims and lawsuits, it can be tough to know what type of insurance you should purchase. Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. What are general liability and professional liability insurance?

Liability 52

Liability Insurance Claims Legal 52

Construction Marketing

MAY 19, 2021

Statistics show that there are over 400 injuries and over 20 fatalities each year related to construction in Ontario alone. Before starting a construction project , you should train workers operating in medium and high-risk areas on safety measures and standards. Training your employees on safety measures and equipment.

Construction 173

Construction Safety Guidelines Employment 173

Levelset

SEPTEMBER 16, 2022

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.

Insurance 52

Insurance Liability Claims Contractors 52

Safety Services Company

DECEMBER 1, 2020

Per OSHA’s regulation 29 CFR 1904, employers with more than 10 employees are required to keep a record of serious work-related injuries and illnesses. For example, accidentally reporting an injury that did not occur on the jobsite or reporting a cut or scrape that isn’t a recordable accident could have dire consequences. What is TRIR?

OSHA 62

OSHA Accidents Injury Compensation 62

Safety Services Company

OCTOBER 16, 2023

Those who do not comply pose a high risk of impacting the hiring client’s project. You must upload 3 years of OSHA logs, Insurance (COI & EMR), and Safety programs (RAVS®). The *ISNetworld® prequalification involves uploading documentation and answering 1,200 questions called an MSQ® or Management Systems Questionnaire®.

Management 110

Management Contractors Safety OSHA 110

Construction Business Owner

APRIL 5, 2012

INSURANCE |. Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. This, after all, is the foundation of the insurance industry.

Risk 120

Risk Insurance Construction Software 120

Levelset

SEPTEMBER 22, 2022

By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. Hazardous conditions can have both short-term and long-term financial consequences along with the possibility of work-related illness or injury. . of all deaths in the construction industry. .

Safety 52

Safety Injury Risk Construction 52

Safety Services Company

FEBRUARY 19, 2013

OSHA reminds employers to post injury and illness summaries. Employers that are required to record work-related injuries and illnesses and haven’t posted their summary of those records yet could be cited by the Occupational Safety and Health Administration for failing to meet their responsibilities as an employer.

Injury 55

Injury OSHA Employment Regulation 55

Pro Builder

DECEMBER 9, 2021

Home builders, electrical manufacturers and fire safety experts are on the front line in implementing solutions that can avoid costly damage and prevent injuries and deaths. NEC requirement adoption can vary by state and municipality, but it is important to follow full NEC guidelines to minimize the risk of electrical fires. .

Remodeling 105

Remodeling Electrical Injury Safety 105

Construction Marketing

JULY 30, 2019

Besides that, there is also the risk other unforeseen damages that can leave you counting losses. Consider Insurance and License. Besides that, if they are insured, you can be sure they will not become a liability in case they suffer an injury in the process of doing their job. Price and Warranty.

Contractors 120

Contractors Insurance Compensation Liability 120

Safety Services Company

OCTOBER 21, 2013

ESA uses the incident data in the OESR to identify those areas that present the greatest risk to Ontarians, to track changes in incident data, and to identify emerging trends. Based on data collected over the past ten years, ESA has identified that over 70% of all electrical injuries and fatalities occur in four specific areas.

Electrical 64

Electrical Safety Risk Injury 64

FDR Safety

JANUARY 7, 2014

The company appealed and the matter was heard by a hearing officer for the state Board of Industrial Insurance Appeals. Among the reasons: G4S had reduced the risk of injury to bank guards by training them to avoid engaging with criminals. That assessment found that bullet proof vests were not required for bank guards.

Employment 168

Employment OSHA Banking Washington 168

Safety Services Company

FEBRUARY 19, 2013

OSHA reminds employers to post injury and illness summaries. Employers who haven’t posted their injury/illness summaries could be cited by the Occupational Safety and Health Administration for failing to meet their responsibilities as an employer. Insurance Carriers. Insurance Agents, Brokers, and Services.

Injury 48

Injury OSHA Employment Regulation 48

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: Net Income / Total Revenue . SAFETY RATES & METRICS .

Safety 94

Safety Debt Liability Equity 94

Safety Services Company

OCTOBER 9, 2017

Your EMR is the number insurance carriers look at when determining what you’ll pay for a Workers’ Compensation premium. It reflects your company’s past injury and illness incidents and lets the insurance carrier calculate future risk. depending on a variety of factors used to determine risk. What Is An EMR?

Compensation 48

Compensation Insurance Injury Risk 48