article thumbnail

How to Get Better Options in Today’s Hard Insurance Market

Construction Business Owner

How to Get Better Options in Today’s Hard Insurance Market. One thing underwriters have made abundantly clear during this challenging renewal environment is that simply blasting a submission to multiple insurance carriers to find competitive pricing, will not produce the effective results it may have in the past. . Greg Ragsdale.

Insurance 156
article thumbnail

Louisiana Contractors – Workers Compensation Insurance

Construction Law Monitor

Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. The main reason being is due to the exorbitant price of this insurance on contractors. Workers Compensation is codified in Louisiana under Revised Statute 23:1021 et seq.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Louisiana Court Enforces AIA Wavier of Subrogation to Preclude Carrier’s Recovery

Constructlaw

Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. or other property insurance applicable to the Work, except such rights they have to proceeds of such insurance held by the Owner as fiduciary. Myers Construction Corp., 3d 500 (La.

article thumbnail

Tropical Storm Lee – Prepare for Insurance Claims

Construction Law Monitor

Over the Labor Day weekend the New Orleans metro area, along with southern Louisiana experienced high winds and double-digit rainfall totals due to Tropical Storm Lee. Your insurer will assign a claims specialist to assess the damage and this person is who you will work with to obtain reimbursement.

article thumbnail

How to Step Up Your Game on Loss Control & Claims Management

Construction Business Owner

Achieving favorable terms in a hard property & casualty insurance market. One thing underwriters have made abundantly clear during this challenging renewal environment is that simply blasting a submission to multiple insurance carriers to find competitive pricing, will not produce the effective results it may have in the past. .

Claims 156
article thumbnail

Contractors Get Good Insurance & Use It!

Construction Law Monitor

More and more in my everyday practice I encounter issues with contractor general liability insurance (GL). Next, the most important and most often overlooked aspect is notifying the insurer when trouble starts. If you ever have a lawsuit filed against you put the insurer on notice immediately!

article thumbnail

Simplify Construction Compliance with a Complete ERP Solution

Construction Business Owner

Simplify Construction Compliance with a Complete ERP Solution Complex, Multi-Faceted Construction Compliance Needs Managed with One Simple Solution mhodges Tue, 08/29/2023 - 09:46 From financial documentation and insurance/bonding requirements to labor law reporting and subcontractor and vendor documentation (and everything in between), compliance (..)