Three Ways for Contractors to Mitigate Risk and Lower Insurance Premiums
Here are three ways general contractors can mitigate risk and make their companies more desirable to insurance carriers.
Five Reasons for Contractors to Consider Environmental Insurance
Construction companies rarely consider that they may end up in court for performing work that damaged the environment, but it happens more frequently than contractors may think.
A Potential Gap in Indemnity Coverage
Commercial contracts in the construction industry generally contain indemnity provisions in which one party (the indemnitor) agrees to assume the liability of the other party.
2017 Insurance Market Forecast
The insurance industry’s surplus is currently at an all-time high—increasing nearly 50 percent in the last seven years—which means rates have begun to decline.
Ensure Your 401(k) Plan Complies With Legal Requirements: Construction Business Owners Must Be Diligent Amid Increased Plan Scrutiny
Ensuring 401(k) plans are in compliance with legal requirements is tough in high-turnover industries like construction. ERISA and the IRC have specific requirements that plan sponsors must follow, and the current regulatory environment has led to increased scrutiny of plan practices.
