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It's critical that you have construction insurance for your business to protect yourself from various risks. Effective risk management in construction will ultimately help your bottom line. Read through our articles to understand the different types of insurance coverage available such as construction liability insurance, workers' comp, surety bonds, construction equipment insurance, auto insurance and employee health insurance. You'll also find tips on effectively managing construction insurance costs.
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Written by George Hedley
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Is Your Bonding Holding You Back?
Q: We are having to bid more public works jobs than we did in the past. These type of jobs require us to provide a bond along with our bid. We used to do mostly private jobs so we didn't bond much, and our insurance agent was able to help us get them when we needed them. He is now struggling to get us the bonds we need as our backlog of bonded work increases, and they tell him our bonding capacity is at the limit. Any ideas how we can get more bonds?
Tags: 2010 July Issue , construction insurance , George Hedley , insurance |
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Written by Steven D. Davis, CPCU, ARM
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It is apparent that lean and fit organizations represent a platform for long-term survival. With the challenges of the current economic times, contractors are leaving no stones unturned.
Tags: 2010 April Issue , construction insurance , construction liability insurance , insurance |
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Written by Robert Phelan
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Swans are beautiful and snow white. Except once in a blue moon-or once in a black swan.
Nassim Nicholas Taleb's 2007 book, The Black Swan: The Impact of the Highly Improbable, laid out his ideas. He pointed out that nobody had ever seen anything but a white swan-until, one day, someone saw a black swan. The lesson is that no matter how many times you've seen a white swan in the past, it doesn't mean you won't see a black swan in the future.
Tags: 2010 June issue , construction liability insurance , construction safety , risk management |
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Written by Ryan Furmick
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Your vehicles keep your construction business up and running. But when it comes to the insurance for those vehicles, there may be some misconceptions floating around out there. For example, you might have been told that all of your drivers are automatically covered by your policy or that commercial auto insurance is one-size-fits-all. Tags: 2010 March Issue , insurance |
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