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

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

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Construction Junkie

JULY 27, 2020

Well, now at least one insurance company believes that, as well. I’ve admittedly been focused mainly on the productivity gains from using technology, but getting a discount from an insurance company to use it is an interesting side effect. Announced today, The Travelers Companies, Inc.

ProCore 83

ProCore Travel Insurance North Carolina 83

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors 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 Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. Rydon Homes was the main profit driver left in the group generating a pre-tax profit of £11m up from £3.7m The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort 1 group civil case settlement.

Claims 131

Claims Profitability Maine Insurance 131

Lets Build

MARCH 21, 2019

While it’s true that life is a gamble, you should never risk what you can’t afford to lose. This principle holds weight in many different aspects of life, especially those that involve substantial risk – hiring a general contractor included. Though it’s relatively cheaper, going for an uninsured contractor isn’t a good idea. When you.

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Insurance Contractors Risk IDEA 97

Construction Law Monitor

DECEMBER 27, 2012

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.

Compensation 51

Compensation Insurance Louisiana Contractors 51

Levelset

AUGUST 24, 2022

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

Liability 52

Liability Risk Insurance Contractors 52

Construction Law Monitor

FEBRUARY 10, 2012

In one of JD’s tweets last week I discovered a very informative article by Matthew Hicks regarding Workers’ Compensation Insurance law and jurisprudence in California. The bottom line here is that all California contractors need to be sure to maintain proper and adequate workers compensation insurance. Isaak, 149 Cal.App.4th

Compensation 58

Compensation Insurance California Contractors 58

Construction Law Monitor

JULY 10, 2012

I was recently speaking with a client about the posture of a pending case and the client was surprised to know that nearly all of the insurance companies that were originally brought into the suit had whittled their way out due to policy limitations, lack of coverage and policy exclusions. This is simply not the case.

Insurance 54

Insurance Claims Louisiana Maine 54

Wolgast Corporation

JULY 6, 2022

The main cause of these accidents are operator error, happening 20% of the time. The emergency response report is also useful in your insurance claim for timing and dates. Additionally, you will want to call your insurance company (after emergency units) to make a claim and so they can assess the damage.

Insurance 118

Insurance Claims Safety Michigan 118

Job Order Contracting

JULY 19, 2020

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Here’s how we have handled the main factors affecting costs. Material costs are either. Costs can vary depending upon a number of variables. Quality / Quantity.

Estimating 155

Estimating Overhead Construction Liability 155

PSMJ Resources

AUGUST 3, 2011

skip to main | skip to sidebar. XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc.,

Insurance 43

Insurance Resource Agreement Liability 43

Pro Builder

AUGUST 30, 2021

Now some employers are considering increasing health insurance contribution costs for workers who chose not to get the ?COVID-19 What are the practical and legal considerations for surcharging unvaccinated employees? First came incentives like gift cards and other forms of direct payment. COVID-19 vaccine.

Employment 99

Employment Resource Insurance Safety 99

Pro Builder

OCTOBER 7, 2022

One of the main questions I get from buyers is, ‘Where can I move that’s close to the beach but not in a flood zone?’ Homebuyers should always purchase flood insurance and invest in impact windows if they can.”. The answer is nowhere. This is Florida—hurricanes and flooding come with the territory. Environmental. Housing Markets.

Housing 52

Housing Zoning Tampa Risk 52

Pro Builder

JULY 14, 2021

The rate of house price appreciation is not akin to inflation,” said Mark Fleming, chief economist at title insurance company First American Financial Services FAF. But other reports, such as the Case-Shiller Home Price Index for April, shows home prices have increased 14.6% during the past 12 months. What period of time does this cover?”.

Housing 98

Housing Income Statistics Insurance 98

Pro Builder

NOVEMBER 3, 2020

Homeowners will know when there are any water leaks, which showed a 96% decrease in paid water leak insurance claim, according to Residential Tech Today. Depending on their carrier, they may even be able to receive significant savings on their insurance premiums, thanks to the device’s superior leak detection capabilities.”.

Insurance 52

Insurance Sustainability Claims Security 52

Julian Construction

SEPTEMBER 17, 2012

« Construction Company Warns, Major DIY Home Projects Risky | Main. Outlines Policy Of 100% Quality Insurance. Outlines Policy Of 100% Quality Insurance : Comments. Social Media Links. Simple Steps For Preventing Foundation Damage In A Home » 09/17/2012. Julian Construction Inc. Posted at 10:10 PM | Permalink.

Insurance 40

Insurance Los Angeles Foundation Construction 40

Construction Law

JUNE 1, 2021

The fundamental issues remain – clients are convinced that the industry is inefficient and prices have to be held down; main contractors compete ruthlessly on price and take work with little chance of profits and sub contract what they can down the supply chain to those least able to shoulder the risk.

Industrial 52

Industrial Insurance Banking Procurement 52

Construction Marketing

AUGUST 3, 2016

According to the National Flood Insurance Program , flood damage is significantly more common than fire damage, particularly in high-risk areas. They can be found on flood profiles and Flood Insurance Rate Maps. This tends to be one of the main objections to elevating a house. leave the foundation intact and add a new floor.

Foundation 120

Foundation Insurance Housing Louisiana 120

Construction Marketing

JUNE 13, 2016

According to the National Flood Insurance Program, flood damage is significantly more common than fire damage, particularly in high-risk areas. They can be found on flood profiles and Flood Insurance Rate Maps. This tends to be one of the main objections to elevating a house. leave the foundation intact and add a new floor.

Foundation 120

Foundation Insurance Housing Louisiana 120

BD+C

AUGUST 17, 2023

Photo courtesy Gresham Smith The property has inherent value and represents a tremendous opportunity for growth and revitalization, partly because of its proximity to major landmarks, such as the University of South Florida’s main campus and four hospitals, including the James A. Haley Veterans’ Hospital as well as H.

Design 98

Design Retail Tampa Zoning 98

Chianelli Estimating

AUGUST 6, 2020

The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. Insurances; Workers compensation, General Liability, Risk. There are some helpful ways to aid in decreasing Main Office expense. Some Example are as follows: Office Rent.

Estimating 60

Estimating Residential Insurance Commercial 60

Construction Dive

APRIL 30, 2014

Main Street Ingredients, LLC ( F.3d Court of Appeals for the Eight Circuit, in Netherlands Ins. 3d -, 2014 WL 1012793, March 18, 2014) (Minn.

Products 52

Products Liability Insurance Maine 52

Constructonomics

MARCH 23, 2010

From what I gather, the main objective was for the federal government to provide or make available affordable healthcare for the roughly 35 million uninsured in this country. But how the bill will affect people insured by their employer or who purchase health insurance on their own remains a mystery in my opinion.

Industrial 115

Industrial Insurance Employment Construction 115

Viewpoint Construction Technology

JUNE 12, 2013

For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it. If two of your main competitors are known for bidding low, you may have to reduce your bid comparatively.

Bidding 277

Bidding Profitability Construction Cash Flow 277

Construction Business Owner

DECEMBER 20, 2020

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. Main Image.

Insurance 156

Insurance Virgin Islands Puerto Rico Alabama 156

Autodesk Construction Cloud

JULY 19, 2022

Cost Management | Main Contract Editing Enhancements* . The enhancement relaxes some restrictions to provide limited ability to unlock a main contact’s schedule of value (SOV) and edit select data. In addition, members can now create budget payment applications without locking the main contract SOV. . TradeTapp .

Autodesk 105

Autodesk BIM Construction Mobility 105

Autodesk Construction Cloud

SEPTEMBER 1, 2022

They also include overhead costs such as insurance, mileage, a portion of your office rent. The post 8 Main Types of Construction Contracts appeared first on Digital Builder. Under a cost-plus contract, contractors are paid for all of their construction-related expenses. That’s the cost part of the name. That’s the “plus.” .

Contract 98

Contract Maine Construction Agreement 98

CivilJungle

AUGUST 11, 2022

Specifically, it comes into play with RCE in the context of insurance. RCE insurance refers to the reconstruction cost estimate that will determine how much coverage you get. But what does your home really cost? This may seem like a moot point, but it has real-life implications. Construction Backlog.

Materials 52

Materials Estimating Insurance Housing 52

Chianelli Estimating

APRIL 14, 2020

The main office overhead is an indirect expense for contractors that is best kept to a minimum. In market turn-downs and lean times the main office overhead is still a monthly constant. Depending on the company size, it may be a good fit to help cut costs with the main office overhead if set up properly.

Construction 78

Construction Estimating Overhead Inspections 78

Levelset

JUNE 29, 2022

When it comes to construction, OSHA has two main groups of rules – called standards – that contractors must follow: Standard 1910 : Occupational Safety and Health Standards Standard 1926 : Safety and Health Regulations for Construction. The much bigger cause for financial concern is workers’ compensation insurance. Peter Lindborg.

OSHA 52

OSHA Inspections Construction Safety 52

Fieldwire

APRIL 4, 2023

Speller Metcalfe combines sustainable construction with a forward-thinking approach, using BIM (Building Information Modeling) and IPI (Integrated Project Insurance) to deliver projects meeting Passivhaus and BREEAM standards. They currently have an annual turnover of £120 million.

BIM 52

BIM Innovation Schedule Site 52

Autodesk Construction Cloud

AUGUST 29, 2023

I reached out to two other CEOs from insurance and one in tech this morning, and I'm having lunch with them separately next week." I figured out the insurance part of it, the permitting part of it, hiring subcontractors, doing budgets. I had to figure it out and realize that I hate the insurance side of things.

Construction 52

Construction Industrial Insurance Zoning 52