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Home » Topic » Risk » Risk Management

CGL, Builders Risk Coverage and Exclusions When Construction Defects Cause Property Damage

by Jeffrey Cavignac | Apr 23, 2021
Business | Business Risk | Insurance | Project Delivery | Risk | Risk Management

When physical damage to property is caused by defects or defective work, do CGL and Builders Risk policies cover the damage? It depends…

Is a State-Specific Workers’ Compensation Policy Enough?

by Steve Stramara | Apr 21, 2021
Insurance | Risk | Risk Management | Workforce

Contractors may need to comply with the little-known Longshore and Harbor Workers’ Compensation Act, which applies to companies working on or over navigable waters in or adjacent to the U.S.

Prequalify Customers to Reduce Credit Risk as Bankruptcies Rise

by Lori J. Drake | Apr 21, 2021
Accounting | Business | Business Development | Finance | Risk | Risk Management

Contractors can protect themselves from potential credit risks by prequalifying potential customers and closely following their credit policies to collect payment.

Using the STOP Principle to Keep Workers Safe

by Michael Schaeffer | Apr 20, 2021
Risk Management | Safety

The inverted STOP mindset (people/organization/technology/substitution) goes beyond safety equipment. It assesses safety wholistically and practically for workers and the construction site.

The ‘Safety Technology’ in Safety Technology Tools

by Raffi Elchemmas | Apr 16, 2021
Risk Management | Safety

Manufacturers recognize that the ramifications for injuries on the job impact more than just the worker—they also have a domino effect on the company itself. Therefore, these manufacturers are actively developing and implementing new safety technologies into tools.

Under One Roof: Embracing the New Era of Unified Tech Solutions

by Tim Tucker, Mike Loumeau | Apr 15, 2021
Productivity | Risk Management | Technology

New ERP tools enable construction companies to pull together operational, financial and other service functions to improve efficiency and gain insights for improving decision-making and growth.

Prepare for the Worst and Get Paid by a Debtor in Bankruptcy

by An Nguyen | Apr 15, 2021
Insurance | Risk | Risk Management

Rather than reacting to a bankruptcy filing after the fact, contractors with an understanding of their rights and remedies can take steps now to help protect themselves later.

Four Ways Contractors Can Preserve Financial Integrity, Working Capital

by Jeffrey Desrosier | Apr 13, 2021
Business | Business Risk | Finance | Risk | Risk Management | Surety Bonding

There are four common challenges that can negatively affect creditworthiness: liquidity, borrowing for working capital, positive cash flow and the workforce.
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