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Some of the major factors that must be addressed by site-work estimators.
Is your construction company prepared for a pollution claim?
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2011 IRMI Construction Risk Conference insights provide risk management best practices.
It's no secret to business owners that the cost of providing health insurance benefits has risen to the point where it is now not only the most expensive benefit, but it may be one that's seriously straining budgets and business stability.
Direct claims costs are usually identified from details presented in clients' loss runs.
In early 2010, the surety industry finds itself feeling like coastal residents in the Southeastern United States do when monitoring a Category 5 hurricane in the Atlantic Ocean.
Most contractors are well aware that a combination of issues can create problems on any construction project.
Almost half of today's non-residential (single-family) construction takes place in the public sector where contract surety bonds are required by law as a way to protect taxpayer dollars.
In parts one and two of this three-part series, we learned that, while commercial auto insurance can seem complicated, understanding the companies, coverages and services available to you is the key to making an informed decision for your business.
As a business owner you're likely used to taking some risks, but taking risks with the insurance that covers your business vehicles is never a good idea.
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2011 IRMI Construction Risk Conference insights provide risk management best practices.
As contractors grow and increase their overall contract revenue, they must evaluate different methods to finance their overall risk exposures. This is referred to as “risk financing.”
Several days of relentless rain were starting to cost real money. Like all construction companies, this excavation specialist had built weather delays into the contract for its work on a major new office building project.
This year, one out of ten construction workers will be accidentally injured.
Employers are required by federal and state laws to carry workers' compensation (WC) insurance, provide comprehensive occupational medical services for work-related injuries and record certain work-related injuries for the Occupational Safety and Health Administration (OSHA).
Currently, the United States is suffering through what some say is the most challenging economy since the Great Depression.
A contractor needs to understand the meaning and implications of a surety bond's terms.
Construction is a risky business. Successful contractors can reduce risk to their balance sheet by managing and mitigating their contract risk with their clients and subcontractors.
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