Consider this construction risk management strategy to gain increased stability and control.
Understand the basic coverage and exposures of workers’ compensation insurance for contractors to
negotiate a construction risk financing plan.
Contractors must scrutinize additional insured endorsements more closely than ever.
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.
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.”
In today's business environment, every business owner, large or small, knows that one of the fastest growing items in the operating budget is the cost of commercial insurance.
Find a construction insurance carrier that fits your business needs and offers your company proper protection.
The construction industry has come to recognize the relationship between managing risk and return on investment.
This year, one out of ten construction workers will be accidentally injured.
Be sure your insurance program offers protection for additional risks created from design-build jobs.
Understand how to prepare for future challenges and opportunities.
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.
Currently, the United States is suffering through what some say is the most challenging economy since the Great Depression.
At the start of every construction project, owners, contractors and surety companies all share the same goal: finishing the project on time and on budget.
A surety on a performance bond guarantees to the project owner that the construction contractor will perform the contract fully, in accordance with its terms and conditions.
Contractors A and B want to bid on a construction project that requires a surety bond, but neither has performed work requiring bonding in the past.
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.
Larger employers are often thought to have a health insurance cost advantage over their smaller brethren because they can "self-fund" their insurance.
When it comes to making decisions about your business, commercial auto insurance is pretty routine, right?
