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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. Builders Risk Insurance.

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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

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. .

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What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?

Safety Services Company

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. you will pay about 20% more for insurance.

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7 Ways to Improve Construction Site Safety

Levelset

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. . Electrocution : Contact with overhead power lines and electrical power boxes presents risks that can lead to serious injury or death during the construction phase. .

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. INSURANCE |. Software & Technology. 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. STRATEGY |. MANAGEMENT |.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. INSURANCE |. Software & Technology. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. STRATEGY |.

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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

Adopt site preparation strategies to prevent injuries. Stay on top of the trends including new equipment and technology, software project management solutions, and so on. Sam Meenasian is the Operations Director of USA Business Insurance and BISU Insurance and an expert in commercial lines insurance products.

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