Risk Management

Prospect of Controlling Risk Spurs IoT Tech Adoption

by Joanna Masterson | Apr 23, 2019
Risk | Risk Management | Safety | Technology

The top motivator for adopting IoT technology is the possibility of lowering insurance premiums (67 percent), followed by recovering lost time due to incidents and winning more work because of a strong safety record, according to a new study from Dodge Data & Analytics in partnership with Triax Technologies.

The Business Case for a Drug-free Workplace Program

by Patti Maluchnik | Apr 22, 2019
Risk Management | Safety | Wellness

Statistics regarding substance abuse within the construction industry are startling - and they translate to real-world costs in terms of lost time, personnel costs to rehire and healthcare and workers’ comp premiums.

Hold Harmless and Indemnity Provisions: What Did I Agree to Do?

Indemnity provisions usually include a requirement to hold harmless and defend another party. Generally, the upstream party tries to shift risk to a downstream party. Just because indemnity is legal doesn’t mean it’s fair.

Case Study: Chasing the Wrong Cause of Frost and Ice Damage in a Medical Facility

The general contractor of a 50-bed Midwest medical facility was facing a million dollar repair cost and a potential lawsuit due to winter frost and ice buildup in above-ceiling spaces, soffits and clerestories. The contractor found an innovative solution and avoided replacing the costly air barrier.

Five Ways to Build a Culture of Height Safety

Falls are OSHA’s most frequently cited violation, but there are ways to prevent falls and create a culture of height safety.

Joint Ventures: Costly If Not Cautious

by Adam Canosa, Robert Mercado | Apr 2, 2019
Business | Business Risk | Risk | Risk Management

Companies may wish to share the risk on a project, secure additional bonding capacity or enter a new market segment with a more experienced contractor, as well as offer additional resources, including working capital and other trades needed for a project. However, many risks need to be addressed prior to officially forming a joint venture.

Don’t Ignore Auto Insurance, Excess Liability and Cybersecurity Risks

Now that businesses are settled into the new year, it’s a good time to consider some of the top insurance and risk management challenges that contractors and other construction organizations should expect in 2019.

Industrial Insights on Emergency Preparedness

Companies that are able to recover quickly from natural or manmade disasters spend considerable time and resources to prepare for those events.

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Prospect of Controlling Risk Spurs IoT Tech Adoption

The Business Case for a Drug-free Workplace Program

Hold Harmless and Indemnity Provisions: What Did I Agree to Do?

Case Study: Chasing the Wrong Cause of Frost and Ice Damage in a Medical Facility

Five Ways to Build a Culture of Height Safety

Joint Ventures: Costly If Not Cautious

Don’t Ignore Auto Insurance, Excess Liability and Cybersecurity Risks

Industrial Insights on Emergency Preparedness

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