The construction industry is facing a labor shortage and struggling to find workers to meet the growing demands of the industry. With the expected growth in the construction sector, driven in part by the recently signed Infrastructure Investment and Jobs Act, the need for skilled workers is more critical than ever. However, several factors contribute to the labor shortage in the construction industry.
The market for commercial property insurance continues to be challenging. Here are several factors contributing to premium increases for commercial property coverage.
As the one-year anniversary of OSHA launching its National Emphasis Program for Heat approaches, it is important to revisit some key takeaways.
When purchasing any product or service, it makes perfect sense to associate a better RATE with a better PRICE.
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.
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.
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.
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.
Cyberattacks are increasing in the construction industry. These attacks can shut down business operations, cause reputational damage and result in costly litigation and fines.
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.
