Six Ways to Combat Workforce Risks
This article explores six risk management strategies construction companies should consider as they face today’s workforce challenges.
Buying vs. Renting Health Insurance
Businesses with more than 25 employees should consider buying health insurance instead of renting it.
Construction Lien Waiver Provisions Contractors Should Be Using
Not all lien waivers are created equal. While lien waivers include a release of liens, they can also include language on payment to lower-tier subs, indemnification and defective work.
Controlled Insurance Programs on Construction Projects
Developers, contractors and subcontractors who aren’t familiar with WRAPs or CIPs should know what they are as they may encounter them on more moderately-sized projects.
Assignment of Benefits Agreements Are Subject to New Legislation
When emergency repairs are required, an assignment of benefits lets contractors perform work and file a claim directly with the insurance company. Some states have implemented new regulations for AOBs.
Unlike Books, It’s Okay to Judge a Subcontractor by Its Cover(age)
Creating and implementing a subcontractor prequalification program is not only prudent, but may be required by the GC’s CGL policy as a precondition to coverage.
Demystifying the Contract Surety Bond Process
Here is what contractors need to know about obtaining and expediting contract surety bonds and working with the right partner.
How Contractors Benefit From the Surety Bond Guarantee Program
The SBA Surety Bond Guarantee program can help small and emerging contractors jumpstart their business and remain competitive in the public and municipal sectors.
