Five Trends Affecting Workers’ Compensation Claims
Workers’ compensation claims can be affected by several risk factors. Some of the most pertinent trends affecting workers’ compensation claims are outlined below.
Bonded and Insured: Are Both Needed? What’s the Difference? Why Does It Matter?
Surety bonds and insurance are forms of risk management meant to protect against financial loss. But what they cover and how claims are handled differ.
Business Interruption Insurance Amid COVID-19
Will business interruption coverage cover contractors’ potential financial losses and delays as a result of COVID-19? It’s complicated and there may be no clear answer yet as the situation evolves.
Uniformity in Florida’s Construction Bond Laws Brings About Fairness for the Industry
More consistency among Florida laws should benefit contractors, as well as lower-tiered subcontractors and suppliers.
What Is Keyman Insurance—and Who Needs It?
If a partner, founder or key employee whom the success of the business depends upon dies, a keyman insurance policy can pay expenses until a proper replacement is found.
General Indemnity Agreements: Can the “Impenetrable” Be Breached?
General contractors should be aware of obligations under the general indemnity agreement when making a claim on a surety bond, and acknowledge their obligation to repay the surety.
Background Check Trends and Their Impact on Construction Contractors
Background checks for contractors have been essential during the COVID-19 pandemic. Learn new tips and solutions regarding the impact proper background checks have on your business.
Managing Environmental Risk in the Construction Industry
Risks associated with environmental pollution are often addressed too late, leaving contractors to rely on insurance policies that may be vague in coverage or exclude pollution incidents altogether.
