In Uncertain Times, Pay Close Attention to the Employee Handbook
Employers should pay special attention to the content of their employee handbooks during these uncertain times.
COVID-19 Has Shut Down Your Construction Project. Is There Insurance for That?
As COVID-19 spreads, its impact on the construction industry could be severe. Will your insurance policies provide any coverage for the extra expenses and losses you are about to incur?
Four Qualities Lenders Look for in General Contractors When Assessing Construction Risk
There are four essential qualities lenders look for in general contractors when assessing risk in construction projects: document accuracy, responsiveness to questions, honesty and focus on area of expertise.
It Takes More Than a Certificate to Protect Owners, Developers and Contractors
A certificate of insurance (COI), issued by a licensed insurance broker, is a summary of insurance policies and/or coverages, such as general and professional liability and workers' compensation.
Ways to Reduce Workers’ Compensation Costs
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
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?
