Risk

Ways to Reduce Workers’ Compensation Costs

by Patrick Keightley | Mar 18, 2020
Insurance | Risk Management | Safety

A low experience modification rate will lead to aggressive workers’ compensation premium pricing, giving companies more options for cost savings. As a bonus, a worker safety plan that shows employees they are valued.

A Perfect Storm: Young Hispanic Workers at Small Construction Firms at More Risk

Young Hispanic immigrants working for small construction firms are at serious risk for adverse, work-related health outcomes according to the American Society of Safety Engineers and the National Institute for Occupational Safety and Health.

Extreme Remedies to License Violations—Know the Risk

by Trevor B. Potter | Mar 18, 2020
Legal and Regulatory | Risk Management

Inadvertent licensure violations pose a serious risk to contractors, especially in states with a disgorgement remedy, which requires unlicensed contractors to pay back amounts received for work.

COVID-19 Could Impact Contractor Performance Bonds

As COVID-19 continues to expand around the United States and the world, it may only be a matter of time before U.S. construction projects are affected by the virus. What, if any, impact could the virus have on a contractor’s surety bond program?

Now’s the Time to Evaluate Surety Bonds vs. SDI Risk Management Tools

by Craig Tappel | Mar 10, 2020
Insurance | Risk | Risk Management | Surety Bonding

Subcontractor Default Insurance has grown into a competitive market, which gives contractors more options and has kept pricing and terms attractive for those with positive loss experiences.

Contract Provisions That Help Manage Risk on Long-Term Projects

by Jason Lambert | Mar 10, 2020
Contracts | Legal and Regulatory | Risk | Risk Management

There are contractual provisions that can provide clear guidance in the face of many “what ifs” in construction, such as cost increases or delays caused by the owner or outside events.

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

COVID-19 may affect construction materials and labor. Now’s the time to check contract language and supplier agreements for force majeure clauses, and develop a plan in the event of a labor shortage.

Is It Time to Get Rid of Retainage?

by David K. Taylor | Mar 8, 2020
Departments | Risk | Risk Management

While retainage has been part of the construction industry for decades, its concept, use (and abuse) have been under more discussion during the past 10 years.The question is very simple: Is it time for retainage to go?

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Ways to Reduce Workers’ Compensation Costs

A Perfect Storm: Young Hispanic Workers at Small Construction Firms at More Risk

Extreme Remedies to License Violations—Know the Risk

COVID-19 Could Impact Contractor Performance Bonds

Now’s the Time to Evaluate Surety Bonds vs. SDI Risk Management Tools

Contract Provisions That Help Manage Risk on Long-Term Projects

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

Is It Time to Get Rid of Retainage?

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