While many contractors assume that their commercial general liability (CGL) policy would cover environmental claims, the unfortunate reality is that most CGLs have pollution exclusions that leave contractors uninsured in the case of a pollution incident.
According to a recent whitepaper published by Environmental Risk Professionals, obtaining pollution liability insurance coverage to protect your company from PFAS-related lawsuits might be tough.
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.
Health benefits costs are almost certainly going to rise in 2021. They’ve been trending upward for years—over 50% in the last decade—and the current state of economic uncertainty over COVID-19 won’t slow things down. This article explores five cost-reduction strategies for employers.
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.
In the event of extended loss of power or water; or in the event of extraordinary heat spells, storms, or other extreme events an energy efficient home is more likely to be a healthier home and a safer home.
