Search results for: “Contractor”

  • How Subcontractor Default Insurance (SDI) Can Protect Your Project’s Balance Sheet, Timeline and Delivery

    Subcontractor Default Insurance (SDI) is an innovative insurance policy designed to protect general contractors and project owners from the financial impact of subcontractor defaults. Since its debut in 1995, SDI has become a trusted solution for managing subcontractor risk. Why Choose SDI? Top-tier fleets are being affected by: Comprehensive Protection: SDI covers both direct and…

  • How to Spot Contractor Fraud

    36% of homeowners say that fraud is their biggest concern when searching for a contractor to lead their renovation projects.1 If you’re updating your property and plan on hiring a contractor, be on the lookout for the following red flags to avoid contractor fraud. 1. No references Avoid hiring a contractor who is hesitant, or unable,…

  • California Wildfires and Liability Risks for Utility Contractors

    The recent devastation from the fires in Los Angeles, California, has spotlighted several issues – from risk mitigation and the adoption of stricter building codes to help minimize property loss to causation, negligence, and insurance. Among the issues being examined is the role of utility companies and wildfires. Lightning, arson, and utility lines are the…

  • Single-Parent Captives: A Strategic Risk-Financing Tool for Construction Leadership

    A single-parent captive offers construction leadership a strategic alternative. For large construction firms, insurance is not just a line item. It is a material operating expense and a source of earnings volatility. As premiums fluctuate with insurance market cycles, carrier appetite, and industry-wide losses, even the safest contractors with a strong risk management culture can…

  • Worker’s Compensation Fraud and How to Limit the Exposure

    According to the North Carolina Department of Insurance, insurance fraud costs Americans more than $300 billion each year. That adds up to $933 for every individual or $3,800 for a family of four. In this article, we’ll explore workers’ compensation fraud in particular and how to reduce its impact. Employees can commit workers’ compensation fraud…

  • Protecting Your Commercial Kitchen from Fires: A Critical Risk Management Issue

    In the dynamic environment of commercial kitchens, safety is paramount, not only for protecting personnel and property but also for ensuring operational continuity. Among several potential hazards, kitchen fires pose a significant risk, often resulting in devastating consequences if not properly managed. As risk managers and industry leaders, understanding the nuances of fire prevention and…

  • Navigating Pollution Liability Exposures: Strategies for Effective Risk Management

    Pollution incidents—chlorine leaks at hotel pools, dust from construction sites, chemical releases in manufacturing, etc.—pose significant safety and liability challenges across many industries, including hospitality, construction, manufacturing, healthcare, transportation, and agriculture. The scenarios above highlight the critical need for organizations of all sizes and across all sectors to integrate pollution risk management into their safety…

  • Careplus Mobile Health

    Welcome to Careplus Mobile Health The app that makes managing your health simple. CarePlus Mobile Health, powered by Mobile Health Consumer, has everything you need to maximize your health and well-being in the palm of your hand – with quick and easy access to plan information, rewards and incentives, health resources, and more. Visit the registration…

  • Compliance Q&A: Common COBRA Compliance Pitfalls

    Question When is COBRA continuation coverage required, and what are some common missteps to avoid? Summary The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) grants individuals the right to continue employer-sponsored health insurance coverage for a limited period after experiencing qualifying events such as a job loss or reduction in work hours. Despite its…

  • Insurance Insights for Unmanned Aerial Vehicles

    The use of unmanned aerial vehicles (UAVs), typically referred to as drones, has become increasingly instrumental in a wide range of sectors, including construction, energy, real estate, and government contracting operations. As a result, the need for specialized insurance continues to grow. How Government Contractors Use Drones Many of today’s government contractors use drones as…