Risk Management

Keep the Experience Modification Rate Under Control With Jobsite Safety

by Stephen Sedlak | May 25, 2019
Insurance | Risk | Risk Management | Safety

Many things factor into calculating an experience modification rate, but it all comes down to the workers’ compensation triumvirate - job safety, recovery-at-work programs and injury management.

Professional Liability Insurance in Today’s Construction Industry

by Frank G. Murphy, Nicholas R. Maxwell | May 17, 2019
Insurance | Risk | Risk Management

Understanding the basic mechanics of errors and omissions professional liability policies and recognizing the impact of exclusions can avoid missteps that may leave a business exposed to costly, time-consuming negligence actions.

Protect Against Wood-Frame Construction Hazards With CPL Insurance

by Drew Rothman | May 14, 2019
Insurance | Markets | Risk Management

Contractors face a learning curve to overcome the safety, project management, structural, moisture and design challenges that can impact wood-frame projects. As a result, many use insurance forms to control wide-ranging pollution problems.

Pricing Risk in (and Out of) Construction Projects

Failure to trace the risk from the estimate through the turnover and startup phase of a project can lead to confusion, and worse yet, a failure by the project team to mitigate a risk identified at the estimate stage.

Construction Fire Safety Practices: What Superintendents Need to Know

Most—if not all—construction fires that have occurred over the last few decades were preventable. Here are some best practices to follow to avoid the risk of fire.

Digital Technology Can Resolve Low-Touch Claims in Hours, Not Days

With digital technology, minor claims can be processed faster—sometimes in a matter of hours. But automated claims processing need not come at the expense of personalized service.

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.

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Keep the Experience Modification Rate Under Control With Jobsite Safety

Professional Liability Insurance in Today’s Construction Industry

Protect Against Wood-Frame Construction Hazards With CPL Insurance

Pricing Risk in (and Out of) Construction Projects

Construction Fire Safety Practices: What Superintendents Need to Know

Digital Technology Can Resolve Low-Touch Claims in Hours, Not Days

Prospect of Controlling Risk Spurs IoT Tech Adoption

The Business Case for a Drug-free Workplace Program

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