article thumbnail

Rising Construction Costs Lead to Higher Risks

Construction Business Owner

This complexity makes it more critical than ever to work with a construction-dedicated broker who possesses the industry experience and insights needed to secure the right insurance coverage, both in terms of protection and cost-effectiveness.

Risk 354
article thumbnail

On the rise: Securing entrance ways with retrofits

Construction Specifier

By Greg Schreiber Physical security retrofit is not as simple as it used to be. With today’s health compliance mandates and growing social upheaval, physical security upgrades must transcend previous technologies which only focused on minimizing organizational risks in corporate office buildings. Photos courtesy Boon Edam.

professionals

Sign Up for our Newsletter

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

article thumbnail

8 Main Types of Construction Contracts

Autodesk Construction Cloud

According to Lean IPD , “ Integrated Project Delivery (IPD) is a delivery model for delivering construction projects using a single contract for design and construction with a shared risk/reward model, guaranteed costs, waivers of liability between team members, an operating system based on lean principles, and a collaborative culture.”.

article thumbnail

Project Protection 101: Exclusive Insights for Cost Challenges

Construction Business Owner

Because of this complexity, it’s even more critical than ever to ensure you’re working with an insurance broker who possesses the industry experience and insights needed to secure the right coverage for your project, both in terms of protection and cost-effectiveness. Learn more about PCF Construction Insurance.

Insurance 156
article thumbnail

Additional Insured Endorsements & How They Work in Construction

Levelset

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. The AI benefits from some or all of the liability coverage extended to the policyholder. What does additional insured cover?

article thumbnail

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

Construction Business Owner

Strategically marketing your specific data is imperative to secure the best option available in the current market. . Main Image. They work with construction clients to bridge the gap between their liabilities and protecting their assets while bringing innovative vision to insurance broking to solve a company’s risk challenges.

Insurance 156
article thumbnail

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

Construction Business Owner

Strategically marketing your specific data is imperative to secure the best option available in the current market. . Main Image. They work with construction clients to bridge the gap between their liabilities and protecting their assets while bringing innovative vision to insurance broking to solve a company’s risk challenges.

Claims 156