Avoid Payment Bond Claims With These Six Tips
Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.
The World of Wrap-Ups and How Contractors Can Benefit
Before considering wrap-up insurance on a project, ask about benefits and risks, clarify misconceptions and know the keys to a successful wrap-up.
Captive Insurance: A Viable Strategy to Reduce Costs
Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure that a establishing a captive is a viable strategy.
Firming in the Construction Insurance Market
As the insurance sector starts to firm, contractors can address risk factors with strong risk controls to prevent and mitigate risk.
OCIP And CCIP Insurance Overview
Confused about OCIPs and CCIPs? It’s when a project owner (OCIP) or prime contractor (CCIP) purchases a “master insurance policy” for a large construction project. Just be careful when relying on somebody else’s insurance.
Achieve the Best Possible Coverage Rates and Terms With Comprehensive Risk Profiles
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.
2019 Market Update Profiles Construction Industry Liability Trends and Challenges
A 2019 Market Update report predicts a stable commercial insurance market but foresees a rise in the frequency and severity of claims, especially within the hospitality, habitational, health care and energy sectors.
Insuring Against a Data Breach
Contractors are not immune from risks associated with cyberattacks and data breaches. Cyber events may result in litigation, so cyber insurance may make sense.
