Posted on 11/30/2016 8:02 AM By Raymond Bustamante
Protective E&O is an essential insurance policy where perceived concerns about the amount and adequacy of the design firm’s professional liability insurance can be questioned in relationship to the complexity and size of the project. Brokers and insureds need to be aware of several seemingly innocuous clauses contained in many of these policies.
Posted on 11/2/2016 7:26 PM By Joanna Masterson
We could have the best programs in place, but if our employees can’t navigate the plan, it hurts them and our bottom line. Our internal benefits team provides education, claim assistance and even billing negotiations.
Posted on 9/27/2016 7:43 AM By Jim Hardman
Construction leaders should evaluate the medical and non-medical benefits they offer and spend some quality time with their workforce to get clarity on desired benefits choices. Enrollment season is not far away, making it a great time to reassess the company’s benefits package, fill any benefits gaps, and educate the workforce to ultimately increase loyalty and commitment and create happy and productive employees.
Posted on 8/24/2016 12:11 PM By Lauren Pinch
In the following Q&A Travelers offers insight on recruiting qualified commercial drivers and integrating them into a company’s safety culture, as well as the impact of telematics on construction fleets and the insurance products needed to limit financial liability.
Posted on 7/26/2016 12:17 PM By Joanna Masterson
In the construction industry, strains and sprains were the most frequently reported injury (28 percent of the total), and they caused workers to miss an average of 57 workdays.
Posted on 5/30/2016 7:48 AM By Shane Riccio and Kara White
The epidemic of prescription painkiller addiction is correlated to the uptick in workers’ compensation claims, with the greatest amount coming from the construction industry.
Posted on 2/21/2016 7:05 PM By Timothy Farrell
Professional liability is profoundly different from most forms of traditional insurance coverages. Unlike general or auto liability, professional liability policies include claims reporting provisions that might be unfamiliar and confounding to many contractors and inexperienced claimants.
Posted on 2/21/2016 6:53 PM By Timothy Rodrigue
There is no one-size-fits-all plan for disasters, but that doesn’t mean contractors shouldn’t have a basic strategy. Realistically, contractors require specialized plans for different situations. Developing a plan isn’t difficult, but too many contractors neglect to carry through and take the steps necessary to continue improving their plans.
Posted on 2/21/2016 6:48 PM By Jake Morin
Making a higher spend at the beginning by investing in the cost of quality and minimized risk can often result in much greater savings at the end.
Posted on 2/21/2016 6:45 PM By Christopher Barbarisi
SDI policies are viable risk transfer options that offer many benefits. Many of the drawbacks related to the claim process can be eliminated through advanced policy language negotiation, especially for larger policy purchasers, which will be perceived by the carrier as repeat customers. Drawbacks that cannot be negotiated can be minimized by employing preparation, organization and diligence, as well as competent legal counsel.