When we look at claims and incidents that happen across industries, we note that there will be a recurrence in some circumstances. Keeping U In Mind is an ongoing communication of real-world scenarios resulting in claims. The goal of providing Keeping U In Mind is to take a proactive step that will likely aid in the prevention of a recurrence of a potential risk that individuals or businesses are facing that are similar to others.
Dealing with in-home sales has its drawbacks, but it is a vital aspect of working with homeowners. Always ensure that your contracts are compliant, contain language that complies with current legislation...
Most general contractors, trades and material suppliers operate on narrow margins where current increases in the market could be detrimental. In this current reality, how do we manage through these times and remain profitable?
A claims adjuster told me a few years ago that flood is the most common uncovered builder's risk claim, but not in the traditional sense.
Every year, fires cause more than $300 million in property damage. Fortunately, builders risk insurance can assist in this situation. This article explains the importance of builders risk insurance.
The penal sum of the bond is just a figure that matches the initial contract value. It ties the bond to the contract via a shared contract value, but that is not it when it becomes the surety’s total obligation.
With all the buzz about captives, you might wonder if it could help your construction business. Read on to find out more about captives in the construction industry.
The COVID-19 pandemic has impacted many businesses across a variety of industries, forcing them to rethink their daily operations to ensure the safety of their employees and the general public. This is no different for construction firms, where COVID-19 has led to project delays, significant job loss, and unprecedented uncertainty.
"We Don’t Have to Worry About Cyber Attacks?" There was a time when that statement was common—and even accurate. But that statement is far from correct now. In this article, we will address only the two most frequent ‘attacks’ on contractors’ businesses.
The Federal Motor Carrier Safety Administration (FMCSA) recently published a report concerning the role that large trucks play when traveling through work zones. In conjunction with National Work Zone Awareness Week, which took place April 26-30 this year, the FMCSA is specifically focusing on the number of large trucks involved in fatal crashes within work zones.
