Buying vs. Renting Health Insurance
Businesses with more than 25 employees should consider buying health insurance instead of renting it.
Risk Management
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.
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.
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.
Three Tools for Proactive Risk Management: Contracts, Fluent Dialogue and Change Management
Risk management is much more than insurance. A prudent construction executive will utilize the following three strategies for proactively managing risk and protecting the company’s right to payment.
Managing Design-Build Risks From Design Through Construction
Design-build projects come with additional risks. Adherence to the contract and documentation guidelines can minimize risk and increase the success and profitability of the project.
Avoid Payment Bond Claims With These Six Tips
Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.
The World of Wrap-Ups and How Contractors Can Benefit
Before considering wrap-up insurance on a project, ask about benefits and risks, clarify misconceptions and know the keys to a successful wrap-up.
