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Properly Identifying Additional Insured

Construction Business Owner

One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage. There are numerous ways that contract parties can shift the risk of certain types of losses between each other.

Insurance 195
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How to properly assess structural wind damage

BD+C

How to properly assess structural wind damage 0 dbarista Mon, 06/05/2023 - 16:17 Engineers Properly assessing wind damage can identify vulnerabilities in a building's design or construction, which could lead to future damage or loss, writes Matt Wagner, SE, Principal and Managing Director with Walter P Moore.

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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. Make sure workers are properly trained and equipped. No doubt, construction is a risky business. prioritizing them.

Risk 59
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8 essential steps for effective project cost estimation and budgeting

Fieldwire

You must have domain expertise and foresight to calculate how much everything will cost, avoid charging too little and spend funds properly. Perform a material takeoff Conducting a material takeoff is a sound practice to identify and address discrepancies early. Submitting a price within the Goldilocks zone can be challenging.

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Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

In addition, the research found that construction laborers, carpenters, and front-line supervisors are most vulnerable to harm. Scott Smith, corporate director of safety management services for Selective Insurance Group , a holding company for 10 property and casualty insurers, sees it more simply.

Safety 72
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6 Benefits of Contractor Management Services

Safety Services Company

Sometimes, companies miss contract obligations or compliance requirements such as OSHA, insurance policies, etc., This requires them to take training and avail certifications that prove their skills and expertise in the required field, preventing lawsuits, additional expenses, or poor work.

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7 Deadly Sins: Construction Defects to Avoid, Part I

Pro Builder

Home builder best practices for identifying and eliminating construction defects. Our research has also identified different failure risks and trends by building type and region of the U.S. While many roof installation defects can be identified, the most vulnerable are out of sight and create longer-term deterioration.