Parametric insurance covers a specific modeled event such as project disruption due to weather, fluctuating cost of construction labor and materials and skilled labor shortages.
The Secret to Lowering the Experience Modification Rate
The experience modification can have a significant impact on a company’s operations and profitability. A culture of safety and good claims management practices can keep the mod rate low.
What Is a Duty to Defend?
Before signing a contract, know what a duty to defend and why it is such a valuable provision, when the duty attaches and when it ends, and the consequences of an insurer failing to defend an insured.
Insurance for Construction Startups
A comprehensive insurance program protects contractors against risks such as faulty design or workmanship, physical damage to the project and injuries to employees or third parties.
The Insured’s Responsibilities in the Event of a Claim
Timely reporting of claims is critically important on all lines of insurance coverage, although terms such as "occurrence" or "time" may not be defined in the policy.
Buying vs. Renting Health Insurance
Businesses with more than 25 employees should consider buying health insurance instead of renting it.
Construction Lien Waiver Provisions Contractors Should Be Using
Not all lien waivers are created equal. While lien waivers include a release of liens, they can also include language on payment to lower-tier subs, indemnification and defective work.
Controlled Insurance Programs on Construction Projects
Developers, contractors and subcontractors who aren’t familiar with WRAPs or CIPs should know what they are as they may encounter them on more moderately-sized projects.












