Construction Business Owner

JULY 6, 2016

As the United States construction market heats up, there is a renewed focus on improving operational efficiencies and embracing risk management strategies that could offer a meaningful financial impact.

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Insurance United States Risk Management 223

Construction Business Owner

JUNE 8, 2017

Thanks to new technology, our vehicles are getting smarter and safer every day, with programs to help manage everything from GPS navigation and blind spot detection to lane-departure notification and emergency braking.

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Insurance Equipment Management 153

Construction Business Owner

OCTOBER 27, 2016

Part of an effective risk management program involves monitoring the industry and economic trends that could affect your business. Cal Beyer is the director of risk management at Lakeside Industries in Issaquah, Washington.

Risk 273

Risk Management Insurance Washington 273

Levelset

MAY 23, 2022

One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?

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Insurance Contractors Construction Claims 97

Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. It also helps contractors manage cash flow during a loss. Project loss insurance coverage.

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Insurance Cash Flow Claims Contractors 52

Construction Law

MARCH 1, 2021

Insurance has never felt cheap to companies in the construction sector, although many or most of them never took the sort of risk management measures highlighted in our regular insurance articles, so to a large extent often had only themselves to blame if they were paying higher premiums than they need have. Premiums soared.

Insurance 97

Insurance Risk Industrial Plans 97

Safety Services Company

OCTOBER 16, 2023

For contractors, these come in the form of a process known as prequalification and contractor management. What is Contractor Management? Contractor management is a series of checks ensuring that the contractors follow up-to-date safety practices and conform to health and regulatory standards.

Management 110

Management Contractors Safety OSHA 110

Levelset

MARCH 31, 2022

In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! Dig deeper: What contractors need to know about the insurance claims process. You don’t work for the insurance company or the adjuster, and they don’t work for you.

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Insurance Deals Contractors Claims 93

Safety Services Company

FEBRUARY 13, 2024

Let’s get some clarity on some of this year’s FAQs about Contractor Management platforms and how you can conquer each quarter! This is why risk management and having good contractor management services are so crucial for contractors in the industry. To receive it, talk to your workers comp insurance carrier.

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FAQ Contractors Management OSHA 74

Construction Business Owner

DECEMBER 4, 2023

What many might not know, is that these cost escalations can correlate directly to higher insurance premiums and reduce risk appetite from insurance carriers making it harder to get coverage.

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Insurance Risk Security Contractors 156

Pro Builder

JULY 9, 2021

Companies Seek to Attract Needed Workers with Wage Hikes, Bonuses, Insurance. In an attempt to draw in more employees, some company owners are hiking wages, offering bonuses, and including health insurance. Business Management. Business Management. cbroderick. Fri, 07/09/2021 - 09:55. Read More. . Trade Contractors.

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Insurance Remodeling Michigan Drawings 98

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

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Insurance Liability Equipment Agreement 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

APRIL 28, 2022

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

Insurance 52

Insurance Contractors Claims ABC 52

Construction Business Owner

JUNE 27, 2023

Water damage resulting from inefficient or ineffective water management on jobsites causes significant losses for contractors resulting from delays, material costs, remediation and removal, reputational damage or skyrocketing insurance premiums.

Insurance 156

Insurance Materials Contractors Management 156

Safety Services Company

OCTOBER 6, 2023

To simplify the process, you can utilize contractor management services. What are Contractor Management Services? Contractor management service providers help contractors become prequalified for contracts and jobs. They maintain your contractor management accounts (e.g. Let’s dive into this option.

Management 71

Management Contractors Legal Safety 71

Construction Junkie

JULY 27, 2020

For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company. Well, now at least one insurance company believes that, as well. will begin offering their customers a 20% discount of their first year of Procore , the popular construction management software.

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ProCore Travel Insurance North Carolina 83

Pro Builder

FEBRUARY 4, 2021

What Home Builders Should Know About Liability Insurance. Head of Home Builder Insurance for Berkshire Hathaway Specialty Insurance Katie Beck sits down with Jenny Simon, director of marketing communications for IBACOS to break down the challenges she faces when offering and underwriting coverage for builders. cbroderick.

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Insurance Liability Risk Management 52

The Constructor

JUNE 25, 2022

If you’re a part of a construction company, you must realize how important it is to have reliable equipment. Without the right tools and.

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Equipment Insurance Construction Engineering 193

Viewpoint Construction Technology

MAY 15, 2018

These days, many contractors are faced with managing larger, more complex projects on a regular basis. Construction management is challenging, in no small part because the industry is governed by a plethora of regulations. Insurance and bonding requirements. Building codes. Credit and background checks. Lien requirements.

Management 135

Management Regulation Construction Documentation 135

CivilSeek

JULY 3, 2021

Construction Project Insurance – Phases Involved in Risk Management Process. The post Construction Project Risk Management appeared first on CivilSeek. Every construction project stage involves a certain magnitude of risk, which may begin or. Read more ?.

Risk 52

Risk Management Insurance Construction 52

Contractor Connection

SEPTEMBER 26, 2023

In the world of managed repair and home improvement, finding reliable contractors can be a daunting task. The Contractor Connection Network: A Brief Overview The Contractor Connection Network is a nationwide network of pre-qualified and vetted contractors specializing in various managed repair and home improvement services.

Contractors 97

Contractors Management Renovating Regulation 97

Construction Business Owner

APRIL 5, 2021

The still-evolving circumstances of the COVID-19 pandemic paired with construction’s already demanding work environment has the industry operating at the height of caution and risk management. But for business owners, now is as crucial a time as ever to assess some of the more familiar pillars of protection: insurance.

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Risk Insurance Safety Environment 334

Construction Junkie

MARCH 16, 2021

Last summer, we learned that Travelers Insurance believed that using Procore as a project management tool helped contractors reduce risk on their projects so much that they were willing to help pay for them to join the platform. Arkansas 4. Colorado 5. Connecticut 6. Delaware 7. Illinois 12. Kentucky 15. Maryland 16. Massachusetts 17.

ProCore 62

ProCore Travel Insurance Rhode Island 62

Construction Business Owner

DECEMBER 14, 2012

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

Liability 120

Liability Insurance NJ Contractors 120

Construction Junkie

OCTOBER 21, 2020

There’s no doubt that one of the most important aspects of managing a construction project is being able to quickly and easily analyze your financials. Financials can be sorted, viewed, and filtered by project type, cost code, project manager, labor & material, and self-performed work vs. subcontracted work, among many other options.

Sage 145

Sage Management ProCore Construction 145

Green Building Law Update

FEBRUARY 12, 2014

Insurance companies cannot recover environmental cleanup costs paid to their insured under the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, from another Potentially Responsible Party ( unless their insured had first pursued a separate claim to recover the cleanup costs from that PRP).

Insurance 120

Insurance Liability Legal Claims 120

Construction Business Owner

JUNE 1, 2023

candidate at Capitol Technology University, and a senior construction safety manager and senior safety and loss consultant with a 25+ year record of success overseeing all areas of safety on multimillion-dollar construction, infrastructure, environmental, health and safety projects for government, insurance and private-sector clients.

Safety 287

Safety Equity ASPE Consulting 287

Viewpoint Construction Technology

AUGUST 29, 2018

To maximize equipment investments , one must first understanding the differences and relationship between ownership and operating costs, leverage the right tools and technologies to obtain accurate field data on performance and usage, then make data-driven decisions to optimize fleet management and maintenance.

Equipment 139

Equipment Management Profitability Contractors 139

Construction Equipment

OCTOBER 20, 2020

Zurich North America Insurance is offering a new construction app through Zurich Services Corporation designed to help its construction customers manage their risks and help improve safety, quality, and insights while on the job. Subscriptions to the Zurich Construction Solutions app are now…

Risk 62

Risk Management Insurance America 62

Pro Builder

OCTOBER 14, 2022

How to Manage Jobsite Safety for Third-Party Contractors. The use of third-party contractors poses a greater workplace safety risk for companies bringing new workers on and off of jobsites, and as a result, many are making contractor safety management a greater priority. Fri, 10/14/2022 - 10:02.

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Safety Management Contractors Risk 52

Construction Business Owner

JANUARY 15, 2017

Currently, the construction insurance marketplace, excluding health insurance, proves to be a favorable environment for the insurance buyer.

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Risk Insurance Negotiation Commercial 208

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

Contractor Bookkeeping

MARCH 19, 2021

You need to know that their state contractor's license, bond, and insurance are active. During audits, state agencies are now looking to check the bond and insurance. With all the documentation in place, a person could still be classified in the eyes of the Internal Revenue Service as an "Employee.". When you hire 1099 contractors.

Contractors 71

Contractors Insurance Management Documentation 71

Viewpoint Construction Technology

MAY 23, 2018

Editor’s Note: This is Part 2 of a five-part series on Construction Project Management. Last week, we talked about the complexity of construction projects and the role of the project manager in managing the processes behind them. Hire bad people to manage and build the project? Championing Construction Collaboration.

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Project Management Management Software Software 137

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?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. Mid-Continent Casualty Co. ,

Insurance 40

Insurance Liability Accidents Michigan 40

BD+C

DECEMBER 18, 2018

As a substantial part of real estate development is happening in areas exposed to floods, wildfires, severe storms, hurricanes and earthquakes, insurance companies are rethinking how to deploy their capital to manage aggregation in catastrophe exposed areas.

Insurance 72

Insurance Commercial Management 72