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Home » Topic » Business » Business Risk

Fidelity Bonds: Protecting Against Employee Fraud

by Shayne Albine | Nov 5, 2019
Business | Business Risk | Risk | Risk Management | Safety | Surety Bonding

Employee theft can add up to hundreds of thousands of dollars—an average of 5% of a company’s annual revenue, according to the Association of Certified Fraud Examiners. And it’s not just money.

Three Mistakes That Lose Money and Slow Payment—And How to Avoid Them

by Nate Budde | Oct 21, 2019
Business | Business Risk | Finance

Three mistakes that increase financial risk and kill construction company finances are not sending or requesting payment notice, overly complex paperwork and failure to communicate.

Complying With Data Breach Regulations in the Construction Industry

by Ryan Bilbrey | Oct 11, 2019
Business | Business Risk | Cybersecurity | Risk | Risk Management | Technology

While advancements in technology have created opportunities in construction, they opened the door for cybercrime. No one is safe from hackers, so establish policies and procedures to be prepared when it matters.

Prepare for the Advantages and Risks of 5G Technology in Construction

by Burcin Kaplanoglu | Sep 11, 2019
Business | Business Development | Business Risk | Productivity | Project Delivery | Project Management | Technology

5G will bring significant improvements to productivity, collaboration and safety, and construction pros would be wise to start thinking about how they can lay the groundwork to deploy these advanced solutions and drive innovation in their future projects.

Avoid Payment Bond Claims With These Six Tips

by Todd Bryant | Aug 23, 2019
Business | Business Risk | Dispute Resolution | Finance | Insurance | Risk | Risk Management | Surety Bonding

Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.

Achieve the Best Possible Coverage Rates and Terms With Comprehensive Risk Profiles

by Raymond F.H. Bustamante | Aug 2, 2019
Business | Business Development | Business Risk | Culture | Insurance | Organization Culture | Risk | Risk Management | Safety

Managing growth with a balanced view of a firm’s own talent and core service structure helps a best-in-class contractor avoid professional liability claims.

Payment Bonds on a Private Construction Project

by Vic Lance | Jul 14, 2019
Business | Business Risk | Finance | Project Delivery | Risk | Surety Bonding

Payment bonds aren’t just for public projects. Private owners can mitigate risk and protect subcontractors and suppliers on the project.

Design-Build Trends, Challenges and Risk Mitigation

by Bill Webb | Jun 16, 2019
Business | Business Risk | Contracts | Dispute Resolution | Insurance | Legal and Regulatory | Project Delivery | Risk | Risk Management

Design-build contractors with contractual responsibility for design and construction need strong contractual language and insurance programs to minimize risk exposures.
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