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Home » Topic » Risk

What Contractors and Subcontractors Need to Know About COVID-19 Vaccines

by Micah Dickie | Jan 27, 2021
Risk Management | Safety | Wellness

Although commercial construction workers are lower on the priority list for the COVID-19 vaccine, construction employers should encourage vaccinations when they become available.

How Preventative Maintenance Improves Construction Worker Safety

by Talmage Wagstaff | Jan 21, 2021
Business | OSHA | Risk | Risk Management | Safety | Training | Workforce

The most important part of a preventative maintenance program is implementing and maintaining it. A computerized maintenance management system can help.

Contractors on Private Projects Also Need Bonding

by Martin C. McCarthy | Jan 14, 2021
Business | Business Risk | Project Delivery | Risk | Risk Management | Surety Bonding

Surety bonds can protect private construction project owners from contractor default, but general contractors should consider them as protection against subcontractor default.

Sharing Company Culture to Strengthen Surety Relationships

by Joshua Loftis, Bob Bowman, Colby White | Jan 9, 2021
Business | Culture | Finance | Organization Culture | Risk | Surety Bonding

While financials and performance are key to surety credit, the strength of the organization’s culture drives expense management, talent management and long-term strategic planning.

The Insurance Market: What Contractors Can Expect in 2021

by Jeffrey Cavignac | Jan 5, 2021
Insurance | Risk Management | Safety | Surety Bonding

Due to increasing losses and poor investment returns, insurance rates for most lines are increasing, capacity is declining and underwriters are being selective on which accounts they will even consider.

Evolution of the Standard of Care Due to Climate Change

by Andrew D. Mendelson, Dion N. Cominos | Jan 4, 2021
Legal and Regulatory | Risk Management

Risks are inherent in every construction project, but are more pronounced within projects lacking the design resilience needed to withstand increasing changes in climate conditions.

Address ‘Your Work’ Exposure Within CPrL Policies With Faulty Workmanship Coverage

by Joseph Reynolds | Dec 15, 2020
Insurance | Legal and Regulatory | Policy | Risk | Risk Management | Safety | Total Human Health

Faulty workmanship coverage may address “your work” exposure in contractors professional liability policies and protect against claims by project owners—but exclusions and strict conditions apply.

How Contractors Can Manage Runaway Insurance Costs

by Thomas A. Grandmaison | Dec 10, 2020
Insurance | Risk | Risk Management

Using data, tech and selecting best-in-class partners, contractors can keep insurance costs down and focus on excelling in their core business.
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