Risk Management

Fidelity Bonds: Protecting Against Employee Fraud

Employee theft can add up to hundreds of thousands of dollars—an average of 5% of a company’s annual revenue, according to the Association of Certified Fraud Examiners. And it’s not just money.

A Professional Surety Bond Producer Serves as a Contractor’s Trusted Advisor and Essential Guide

by Kathy Hoffman, Martha Perkins | Nov 4, 2019
Risk | Risk Management | Safety | Surety Bonding

One of the most important business decisions a contractor will make is the choice of a professional surety bond producer.

Year-End Tax Planning Strategies for Contractors

by Jacquelyn Himes | Oct 24, 2019
Accounting | Risk Management | Safety | Taxes

Taking a strategic approach to tax planning can be beneficial, contractors should weigh costs verses benefits before implementing any tax planning strategy.

The Insured’s Responsibilities in the Event of a Claim

by Jeffrey Cavignac | Oct 17, 2019
Dispute Resolution | Insurance | Risk Management | Safety

Timely reporting of claims is critically important on all lines of insurance coverage, although terms such as "occurrence" or "time" may not be defined in the policy.

Complying With Data Breach Regulations in the Construction Industry

While advancements in technology have created opportunities in construction, they opened the door for cybercrime. No one is safe from hackers, so establish policies and procedures to be prepared when it matters.

The Expansion of Potential Liability of Construction Managers and Consultants

by Scott D. Cessar | Oct 10, 2019
Contracts | Dispute Resolution | Risk Management | Safety

There is a greater likelihood of lawsuits naming construction managers and consultants as defendants. The consequence of more claims has led to increased costs for legal expenses and settlements.

Risks to Consider When Bidding on a Construction Project

Forward-looking contractors integrate risk management in their bidding process. It involves careful planning of project schedule, realistic budget assessment and systematic mapping of potential obstacles.

Failing to Adopt a Comprehensive Cyber Plan Can Lead to Disaster

by Richard Volack | Oct 4, 2019
Cybersecurity | Risk Management | Technology

Most construction companies do not have cyber insurance or a cyber security plan to deal with a computer breach or hacker. A cyber plan speeds up the investigation and response time to the breach.

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Fidelity Bonds: Protecting Against Employee Fraud

A Professional Surety Bond Producer Serves as a Contractor’s Trusted Advisor and Essential Guide

Year-End Tax Planning Strategies for Contractors

The Insured’s Responsibilities in the Event of a Claim

Complying With Data Breach Regulations in the Construction Industry

The Expansion of Potential Liability of Construction Managers and Consultants

Risks to Consider When Bidding on a Construction Project

Failing to Adopt a Comprehensive Cyber Plan Can Lead to Disaster

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