Insurance https://www.constructionbusinessowner.com/ en CBO on the Road: 36th IRMI Construction Risk Conference https://www.constructionbusinessowner.com/insurance/cbo-road-36th-irmi-construction-risk-conference <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">CBO on the Road: 36th IRMI Construction Risk Conference</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27409" typeof="schema:Person" property="schema:name" datatype="">Kathy Wells</span></span> <span property="schema:dateCreated" content="2016-11-15T18:10:36+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 11/15/2016 - 12:10</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Last week, the International Risk Management Institute (IRMI) hosted its 36th Construction Risk Conference in Orlando, Florida. The conference featured three general sessions and 27 seminars presented by more than 60 nationally recognized insurance, risk management, safety and surety experts. CBO Editor Kathy Wells was there on the conference floor along with 2,000 industry professionals who manage or insure construction risks. Check out the following tweets from her time there:</p></div></div> </div> Tue, 15 Nov 2016 18:10:36 +0000 Kathy Wells 10048 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/insurance/cbo-road-36th-irmi-construction-risk-conference#comments Workers' Compensation 101 for Construction Firms https://www.constructionbusinessowner.com/insurance/workers-compensation-101-construction-firms <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Workers&#039; Compensation 101 for Construction Firms</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2020-04-28T21:06:23+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 04/28/2020 - 16:06</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>What you need to know to limit the number of workers' compensation claims your company deals with on an annual basis. </p> </div></div> </div> Tue, 28 Apr 2020 21:06:23 +0000 Elizabeth Manning 13943 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/insurance/workers-compensation-101-construction-firms#comments 3 Dangers to Coverage Hidden in Many Standard Construction Insurance Policies https://www.constructionbusinessowner.com/insurance/risk-management/3-key-exclusions-hidden-many-standard-construction-insurance-policies <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">3 Dangers to Coverage Hidden in Many Standard Construction Insurance Policies</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/29960" typeof="schema:Person" property="schema:name" datatype="">Rachel Fulford</span></span> <span property="schema:dateCreated" content="2019-11-19T19:59:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 11/19/2019 - 13:59</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Many contractors, subcontractors and developers often do not realize that there are perhaps dozens of exclusions buried in the hundreds of pages of these CGL insurance policies that allow an insurance company to deny coverage for these claims. Find out more here. </p> </div></div> </div> Tue, 19 Nov 2019 19:59:00 +0000 Rachel Fulford 13674 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/insurance/risk-management/3-key-exclusions-hidden-many-standard-construction-insurance-policies#comments What’s the best professional advice you’ve received regarding risk mitigation? https://www.constructionbusinessowner.com/insurance/risk-management/what%E2%80%99s-best-professional-advice-you%E2%80%99ve-received-regarding-risk-mitigation <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">What’s the best professional advice you’ve received regarding risk mitigation?</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/29960" typeof="schema:Person" property="schema:name" datatype="">Rachel Fulford</span></span> <span property="schema:dateCreated" content="2019-11-15T21:36:00+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Fri, 11/15/2019 - 15:36</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><div class="body-img-l"><img src="/sites/default/files/styles/large/public/secondary_images/Raynald%20Morris.jpg?itok=ko1eHTvP" width="300" height="382" alt="" class="image-large" /></div> <p> <h2>Raynald Morris</h2> <p><em>Vice President &amp; Chief Information Officer</em><br /> <em><a href="https://www.wmjordan.com">W.M. Jordan Company</em></a></p></div></div> </div> Fri, 15 Nov 2019 21:36:00 +0000 Rachel Fulford 13672 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/insurance/risk-management/what%E2%80%99s-best-professional-advice-you%E2%80%99ve-received-regarding-risk-mitigation#comments 10 Best Practices for Construction Claims https://www.constructionbusinessowner.com/insurance/10-best-practices-construction-claims <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">10 Best Practices for Construction Claims</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27640" typeof="schema:Person" property="schema:name" datatype="">Greg Caudle</span></span> <span property="schema:dateCreated" content="2019-10-29T13:35:17+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 10/29/2019 - 08:35</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Whether you are sued or receive a threatening or demanding letter criticizing your work, it’s hard not to take it personally. While the natural reaction is to immediately respond in one way or another, what you really need to do is take a deep breath, step back and evaluate the situation objectively.</p></div></div> </div> Tue, 29 Oct 2019 13:35:17 +0000 Greg Caudle 13622 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/insurance/10-best-practices-construction-claims#comments Your Guide to Managing Construction Risk in 2019 https://www.constructionbusinessowner.com/insurance/your-guide-managing-construction-risk-2019 <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Your Guide to Managing Construction Risk in 2019</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-09-05T17:04:10+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Thu, 09/05/2019 - 12:04</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Did you know that <a href="https://www.constructconnect.com/blog/operating-insights/6-reasons-why-construction-companies-fail/" target="_blank">30%</a>&nbsp;of contractors fail because of management issues? As a contractor, you’re&nbsp;likely aware of the multiple risks inherent in running a construction business. Construction projects require a great deal of time and resources.</p></div></div> </div> Thu, 05 Sep 2019 17:04:10 +0000 Elizabeth Manning 13445 at https://www.constructionbusinessowner.com Top 5 Ways Active Construction Sites Should Prepare for Hurricane Season https://www.constructionbusinessowner.com/insurance/top-5-ways-active-construction-sites-should-prepare-hurricane-season <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">Top 5 Ways Active Construction Sites Should Prepare for Hurricane Season</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-07-18T19:54:42+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Thu, 07/18/2019 - 14:54</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>To help contractors combat as much risk as possible, Skanska U.S.A. Director of Environmental, Safety &amp; Health, FL, Daimon Perez, offers his top five actions active construction sites should take far before the threat of a hurricane is present. In no particular order, they are as follows:</p> </div></div> </div> Thu, 18 Jul 2019 19:54:42 +0000 Elizabeth Manning 13293 at https://www.constructionbusinessowner.com What Tech Can Do to Reduce Risk on Construction Sites https://www.constructionbusinessowner.com/insurance/what-tech-can-do-reduce-risk-construction-sites <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">What Tech Can Do to Reduce Risk on Construction Sites</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-06-04T16:48:46+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 06/04/2019 - 11:48</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Learn from data in Dodge Data &amp; Analytics and Triax Technologies' SmartMarket report, Using Technology to Improve Risk Management in Construction SmartMarket Insight, about how you can mitigate risk on your project sites through the use of tech, such as wearables, VR and AR, and robotics.</p> </div></div> </div> Tue, 04 Jun 2019 16:48:46 +0000 Elizabeth Manning 13188 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/insurance/what-tech-can-do-reduce-risk-construction-sites#comments The 3 Cs You Need to Know to Understand Surety Bonds https://www.constructionbusinessowner.com/insurance/3-cs-you-need-know-understand-surety-bonds <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">The 3 Cs You Need to Know to Understand Surety Bonds</span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-05-14T20:45:20+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Tue, 05/14/2019 - 15:45</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>When a construction company seeks a bond for a project, there are a number of factors examined by the underwriter before the bond is given. These factors help the surety company determine whether or not offering you a surety bond is a wise investment for their organization, as well as whether it would benefit your organization.</p></div></div> </div> Tue, 14 May 2019 20:45:20 +0000 Elizabeth Manning 13121 at https://www.constructionbusinessowner.com https://www.constructionbusinessowner.com/insurance/3-cs-you-need-know-understand-surety-bonds#comments How to Insure the Uninsurable https://www.constructionbusinessowner.com/insurance/how-insure-uninsurable <span property="schema:name" class="field field-name-title field-formatter-string field-type-string field-label-hidden">How to Insure the Uninsurable </span> <span rel="schema:author" class="field field-name-uid field-formatter-author field-type-entity-reference field-label-hidden"><span lang="" about="/user/27631" typeof="schema:Person" property="schema:name" datatype="">Elizabeth Manning</span></span> <span property="schema:dateCreated" content="2019-05-08T20:43:07+00:00" class="field field-name-created field-formatter-timestamp field-type-created field-label-hidden">Wed, 05/08/2019 - 15:43</span> <div property="schema:text" class="clearfix text-formatted field field-node--body field-formatter-text-summary-or-trimmed field-name-body field-type-text-with-summary field-label-hidden has-single"><div class="field__items"><div property="schema:text" class="field__item"><p>Your leadership team spends hundreds of hours agonizing over any one project's schedule—what workers should be hired for which phase of the project; what materials should be shipped to the site when; when and how often project owners should be brought in for a status update; and more. In a perfect world, each detail and project variable would be planned out. But then there's the world we live in, and it's not so perfect. Any number of things can go wrong in an environment where there are so many moving parts (and people). And often, many things do go wrong.</p></div></div> </div> Wed, 08 May 2019 20:43:07 +0000 Elizabeth Manning 13104 at https://www.constructionbusinessowner.com