AssuredPartners

MAY 26, 2022

Managing projects in the construction industry means managing risk. These are a few of the most common construction risks and the steps you can take to mitigate potential loss. Construction companies should prioritize safety on every jobsite. Safety Risk. Project Risk.

Construction 98

Construction Management Utilities Insurance 98

AssuredPartners

SEPTEMBER 17, 2023

Each year, during the third week of September, we celebrate Construction Appreciation Week—a time to honor the hardworking men and women who turn dreams into reality by building the infrastructure that drives our societies forward. The Significance of Construction Construction is the backbone of our modern society.

Construction 52

Construction Insurance Transportation Workers’ Compensation 52

InterWest Insurance Services

DECEMBER 14, 2021

Increasing construction project delays are combining with a hardening market for builder’s risk and liability insurance to create headaches for project owners and contractors. Owners need to understand the insurance marketplace and take steps in advance to keep insurance issues from throwing a monkey wrench into a project.

Insurance 98

Insurance Construction Deductions Deductible 98

AssuredPartners

JULY 10, 2022

Every industry is susceptible to cyber security risks, and the construction industry is no exception. The construction industry is largely unregulated when it comes to cybersecurity, so many companies fail to prioritize this issue. Cyber Insurance. So, what steps can you take to protect your company? Prevention Strategies.

Construction 98

Construction Insurance Carriers Insurance Education 98

AssuredPartners

MAY 23, 2022

The provision limiting the amount of time policyholders have to complete the work paid for by their insurance company to one year is particularly problematic. Ask the insurance company for a written extension of the deadline. This is a fairly common provision. Standard ISO language is two years, and other contracts limit to 365 days.

Construction 98

Construction Insurance Management IT 98

Employee Benefits

OCTOBER 24, 2023

West Yorkshire-based building contractor Triton Construction has implemented an electric vehicle (EV) salary sacrifice scheme for its 70 employees. These are enhanced by an employer contribution based on savings made from a reduction in employer’s national insurance contributions via the salary sacrifice scheme.

Construction 59

Construction Salary Insurance Government 59

AssuredPartners

MAY 4, 2023

Construction is a trillion-dollar industry, but construction can’t happen without subcontractors. Because subcontractors are a vital part of the construction industry, it’s important to recognize and address their challenges. Invest in training and development programs to attract and retain skilled workers.

Construction 98

Construction Insurance Software Recruitment 98

AssuredPartners

APRIL 24, 2022

Missouri Insurance Company Joins National Broker. “For over 35 years, we have been bridging the gap between the construction world and the surety world. Their expertise in the construction and surety industry will add additional perspective to our already robust specialty offerings in this space and in the Missouri region.”

Construction 98

Construction Insurance Consulting Employee Benefits 98

InterWest Insurance Services

APRIL 4, 2023

This should bring a semblance of relief to companies located in wildfire-prone areas, who have seen their commercial property insurance non-renewed and who have been unable to find replacement coverage. Insurers have pulled back on underwriting commercial properties as well as homes in these areas. Raising rates significantly.

Manufacturing 98

Manufacturing IT Construction Insurance 98

InterWest Insurance Services

SEPTEMBER 9, 2022

As inflation drives up salaries in all sectors, the workers’ compensation wage thresholds for construction dual class codes in California have increased as of Sept. 6307/6308 — Sewer construction. $39/hour, 6315(1)/6316(1) — Water mains, connections construction. $39/hour, 39/hour, up from $34. 39/hour, up from $34.

Construction 98

Construction Insurance Salary 98

Assurance Agency

JULY 27, 2023

It is becoming more common for construction workers to travel out of state for large projects specially to states where severe weather such as hurricanes or wildfires are common. This brings up an important question about insurance challenges. Travel such as this can add additional risk for the contractor sending the employees.

Construction 52

Construction Insurance IT 52

InterWest Insurance Services

MAY 2, 2023

This should bring a semblance of relief to companies located in wildfire-prone areas, who have seen their commercial property insurance non-renewed and who have been unable to find replacement coverage. Insurers have pulled back on underwriting commercial properties as well as homes in these areas. Raising rates significantly.

Manufacturing 92

Manufacturing IT Insurance Construction 92

InterWest Insurance Services

JANUARY 10, 2023

The ongoing labor shortage affecting the construction industry is leading to increasing exposure for contractors due to a number of risks. Working short-staffed or with employees new to construction can lead to increased workplace injuries, which in turn can result in higher workers’ compensation premiums. Quality and defects.

Construction 98

Construction Overtime Insurance IT 98

Higginbotham

FEBRUARY 9, 2024

From the cyber insurance market perspective, we are preparing for a hardening market. This indicates an overall increase in cyber insurance rates and a challenging environment for businesses seeking new cyber policies. Last year, an alarming 72.7 Yet, amidst these challenges lies an opportunity for resilience and innovation.

Manufacturing 52

Manufacturing Insurance Construction Finance 52

InterWest Insurance Services

APRIL 2, 2024

New Regulations Aimed at ‘Fixing’ California’s Property Insurance Market Crisis With the California commercial property and homeowner’s insurance markets increasingly stressed with fewer and fewer insurers willing to write policies in the Golden State, the insurance commissioner has floated a plan aimed at easing the crisis.

Insurance 52

Insurance Construction Government IT 52

AssuredPartners

FEBRUARY 24, 2022

The construction industry is one of the largest sectors in the US economy. worth of structures are constructed each year and it employs more than seven million workers across 733,000 businesses. Some issues described below are unique to the construction industry, and others are the same issues being faced across other sectors.

Construction 104

Construction Retail Engineering Insurance 104

AssuredPartners

MARCH 29, 2023

A Controlled Insurance Program (CIP) is commonly known as a “wrap-up” insurance program and can take the form of an OCIP (owner sponsored) or CCIP (contactor sponsored). A traditional OCIP or CCIP starts to make sense from a cost standpoint when the construction project exceeds $100M.

Insurance 52

Insurance Construction Deductions Deductible 52

AssuredPartners

FEBRUARY 15, 2023

Wisconsin Insurance Agency Joins National Broker ORLANDO, FL – February 16, 2023 – Marking the fourth acquisition in 2023 for AssuredPartners (“AP”), J. Ryan Bonding, Inc. Ryan”) of Hudson, WI will join the national broker. Because of that, we are more than pleased to welcome the J.Ryan team to AssuredPartners.”

Construction 52

Construction Insurance Consulting Employee Benefits 52

Assurance Agency

APRIL 3, 2023

Having a formal policy can help with underwriting insurance engineering requests, reduce risk of hiring unqualified drivers and help employers streamline their decision-making process. Related Pages: Construction Blog Construction Industry Page Construction Webinar Construction Library

Construction 52

Construction Engineering Insurance Employment 52

AssuredPartners

AUGUST 31, 2023

Are you working a federal service or construction contract? AssuredPartners stands above other insurance professionals nationally when it comes to our breadth of knowledge and experience within the government contracting market. Perhaps we can be of assistance.

Government 52

Government Construction Insurance Professional Services 52

InterWest Insurance Services

AUGUST 2, 2022

How effective is your insurance program? A + B + C = Total Cost of Insurance. The Total Cost of Risk, or “TCOR,” equips business owners with tools to analyze how their insurance program impacts their Financial Leakage. A + B + C = Total Cost of Insurance. What is TCOR? Safety Investment. A = Direct Costs. Take Away.

Insurance 98

Insurance Overtime Engineering Construction 98

AssuredPartners

AUGUST 23, 2023

As insurance brokers, we de-risk projects, meaning we contain and transfer risk exposures to enable project debt and equity financing. Simply put, significant alternative energy projects require a different level of risk management, insurance, and surety bonding. and Canada. We routinely include governmental incentive coverage (e.g.,

Taxes 52

Taxes Construction Insurance Finance 52

Workplace Insight

NOVEMBER 26, 2023

The report, “ Global Hiring Activity Trends & Signals – Q3 2023 ,” claims that sectors such as construction, insurance, banking & payments, technology and communications, and pharmaceuticals posted significant hybrid job roles during the third quarter (Q3) of 2023.

Architecture 116

Architecture Pharmaceutical Utilities Engineering 116

Workers' Compensation Perspectives

APRIL 29, 2024

Many workers’ compensation jurisdictions and work-disability insurers have noted increasing mental disorder (also called psychological injury, mental injury) claims over time. The apparent rise in mental injuries First responders are not the only workers at risk of mental or psychological injuries.

Disability Insurance 52

Disability Insurance Workers’ Compensation Insurance Pension 52

AssuredPartners

SEPTEMBER 14, 2021

A great question to stop and ask yourself - how certain are you that in the event of a claim your insurance program will trigger coverage? But, if you aren’t checking your insurance program’s fine print ahead of signing a contract you may be signing something that could be the beginning of a major problem later on.

Insurance 75

Insurance Insurance Carriers Construction Consulting 75

Higginbotham

SEPTEMBER 21, 2023

Environmental liability insurance provides important coverage for contractors, manufacturers and other businesses that have environmental-related exposures. What is an environmental liability insurance policy? Why do businesses need pollution legal liability insurance? Who needs environmental insurance?

Insurance 52

Insurance Out of Pocket Cost Manufacturing Construction 52

AssuredPartners

AUGUST 7, 2023

As aircraft values continue to increase, it’s time to consider what you’re insuring your plane for. Aircraft insurance is unique. While auto insurance is written on an actual cash value basis, aircraft coverage is written on a stated or agreed value basis.

Insurance 52

Insurance Deductions Deductible Construction 52

AssuredPartners

JANUARY 18, 2023

For instance, a construction bond is typically more expensive than a business license bond since more risk is involved with construction projects. Have more questions about surety bonds or construction insurance? Our experts can help answer any questions you have, reach out to AssuredPartners Construction today.

Construction 52

Construction Insurance 52

Florida Workers' Comp

FEBRUARY 20, 2024

The developers had made money in construction. There were "courtrooms and insurance hearings." Others alleged that "the Berlantis had disappeared to collect insurance money," essentially to save the Tierra Verde development. Adventurer Shocks Insurance Hearing , St. That era has long passed.

Life Insurance 80

Life Insurance Insurance Medical Workers’ Compensation 80

Higginbotham

FEBRUARY 1, 2022

While each state and city has different requirements for getting a contractor’s license, here is a guide of contractor license requirements found in most states: Proof of workers’ compensation insurance. Proof of general liability insurance. Specialty Construction Trade Requirements. Be either 18 or 21 years old.

Construction 97

Construction Engineering Insurance Taxes 97

AssuredPartners

JULY 7, 2023

Surety bonding is a crucial aspect of many industries, from construction to finance. Surety bonding is a type of insurance that guarantees the performance of a contract or obligation. Surety bonds are typically required in industries where large sums of money are at stake, such as construction, finance, and government contracting.

Construction 52

Construction Finance Government Insurance 52

Employee Benefits

OCTOBER 25, 2023

The transaction with Aviva will insure the defined benefit liabilities for around 360 members across both schemes, and removes the investment and longevity risk. The members will not experience any benefit entitlement changes as a result of the transaction.

Pension 64

Pension Construction Finance Insurance 64

Employee Benefits

AUGUST 24, 2023

Zurich Insurance Group’s global headquarters in Switzerland has received Well Platinum status, a certification for employee wellbeing. Christopher La Mantia, marketing planning expert at Zurich Insurance, said: “When the Quai campus was planned, health and wellbeing was our top priority, and we wanted to prove it.

Insurance 52

Insurance Construction Employee Benefits IT 52

Assurance Agency

APRIL 3, 2023

Having a formal policy can help with underwriting insurance engineering requests, reduce risk of hiring unqualified drivers and help employers streamline their decision-making process. Related Pages: Construction Blog Construction Industry Page Construction Webinar Construction Library

Construction 40

Construction Engineering Insurance Employment 40

Workers' Compensation

SEPTEMBER 5, 2023

Artificial intelligence [AI] opens new frontiers for workers’ compensation law firms and insurance companies. The automation process will free up attorneys and insurance adjusters to focus on the more complex issues of cases. RISK PREVENTION An insurance company could use AI to identify workers’ compensation claims data patterns.

Workers’ Compensation 64

Workers’ Compensation Insurance Disability Insurance Utilities 64

Workers' Compensation

FEBRUARY 11, 2023

The State of New Jersey is strictly enforcing laws that mandate a worker's employment status be properly reported and that employers provide adequate workers' compensation insurance coverage. Grand Street Construction, LLC of Jersey City, was the owner/ general contractor on the project. 34:11-67.1.

Workers’ Compensation 40

Workers’ Compensation Insurance Construction Employment 40

Higginbotham

DECEMBER 6, 2022

Construction bonds are financial guarantees that back up contractors’ promises to fulfill their contractual obligations: to build the job for the bid price; to pay for the labor and materials they use; and to complete the project to all terms and specifications set forth in the project contract. Why Construction Bonds Are Needed.

Construction 52

Construction Government Insurance Payroll 52