article thumbnail

Top 2023 Security Trends For Construction Site Security

Construction Marketing

Less than 25% of stolen construction materials are returned to the company. To prevent losses for your construction business, you need intimate knowledge of the latest security trends. Are you ready to equip your construction site with top-tier security solutions? Integrated Security Camera Systems.

Security 282
article thumbnail

Rising Construction Costs Lead to Higher Risks

Construction Business Owner

These costs have surged due to a combination of factors, including supply chain disruptions, labor shortages, increased material prices, and evolving regional risk exposures. However, in the face of rising costs and shifting risk landscapes, these insurance options are becoming increasingly complex to navigate.

Risk 354
professionals

Sign Up for our Newsletter

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

article thumbnail

Project Protection 101: Exclusive Insights for Cost Challenges

Construction Business Owner

mhodges Mon, 12/04/2023 - 08:13 According to Joe Tejeda, Practice Leader for PCF Construction, one of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction material costs.

Insurance 156
article thumbnail

Creating a JOC Coefficient?

Job Order Contracting

Materials. Social security contributions. General insurances. Workmen’s compensations insurance. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance. Shipping of all materials to the jobsite. Equipment. Subcontractor costs. Site cleanup.

Insurance 233
article thumbnail

A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractors should include business insurance as an integral part of their financial strategy. When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. What is plumber’s insurance? Each field of subcontracting work has its own area of focus in insurance matters.

article thumbnail

What is Equipment Floater Insurance for Contractors?

Levelset

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?

article thumbnail

How to Mitigate Risk with Security Cameras

Construction Business Owner

According to the National Insurance Crime Bureau, as much as $1 billion in construction tools, equipment and materials is stolen nationwide each year, 90 percent of which is taken directly from construction sites. Throughout the last decade, the construction industry has spawned an entirely new black market industry—construction theft.

Security 273