6 Forces Driving Commercial Property Insurance Costs
The market for commercial property insurance continues to be challenging. Here are several factors contributing to premium increases for commercial property coverage.
OSHA Continues its National Emphasis Program for Heat
As the one-year anniversary of OSHA launching its National Emphasis Program for Heat approaches, it is important to revisit some key takeaways.
Workers’ Compensation Rates Continue to Fall, Causing E-Mod Scores to Climb
When purchasing any product or service, it makes perfect sense to associate a better RATE with a better PRICE.
Electronic Data Liability
You already know that your General Liability policy excludes ‘intangible’ property. That is why you had to buy a cyber liability policy. That policy may not have covered all of the ‘gaps’ in coverage possible by Exclusion P – Electronic Data that is included in the General Liability coverage form.
Construction Sites and Attractive Nuisances
Attractive nuisances are man-made conditions on your property, vacant site or active site after-hours that draw trespassers. If children trespass on site due to these conditions, the general contractor on the site can be held liable for any injuries they sustain.
Eye Injuries Are a Serious Threat
There are countless eye hazards on a construction site, including particles that have been ejected from a tool or blown by the wind. Chemical splashes and swinging objects can also be eye hazards on a worksite. However, most eye injuries are preventable if you follow simple safety precautions and always wear your safety goggles.
The Importance of Hearing Protection Devices
Your ears are very sensitive. Prolonged exposure to loud noise can lead to permanent hearing damage and even cause you to go deaf. The Occupational Safety and Health Administration recommends that workers use hearing protection should noise levels reach or exceed 85 decibels across an eight-hour workday.
Cyber Losses in Construction Are on the Rise
Cyberattacks are increasing in the construction industry. These attacks can shut down business operations, cause reputational damage and result in costly litigation and fines.
Double Down on First-Year Training to Reduce Injuries
Travelers Insurance recently released a report, based on analysis of five years of data, showing that over a third of workplace injuries occur in the first year on the job.
Keeping U in Mind: Heat Related Illness
The Department of Labor Occupational Safety and Health Administration recently announced its national emphasis program to protect workers from heat related injury and illness.