INSURICA Construction Times

Keeping you ahead of the risks and challenges unique to your industry.

Fall 2023
r construction companies who are looking at their budget for 2024 and want something that will impact their bottom line, consider a Healthcare Insurance Group Captive. The process doesn’t happen right away, but it will yield results over time.

Impactful Ways Construction Companies Can Manage Expenses

The most impactful way for construction companies to drive down and increase control over major expenses, and find a solution to positively impact their future, is to be aware of their employee benefits costs. Construction companies are similar to manufacturers, as they both have major expenses.

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Top 4 Construction Hazards

You’re good at your job and you love what you do. However, every time you come to work, you risk suffering an injury. The construction industry is one of the most hazardous in the United States, and many of the injuries that occur on construction sites are caused by these top four hazards: falls, struck-by, caught-in-between and electrocutions.

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Construction Industry Trends to Watch: Aerial view of construction site with iron scuffolders

Construction Industry Trends to Watch

The construction industry consists of companies that construct, maintain and repair buildings and other structures (e.g., roads, bridges and utility systems). This sector plays a vital role in the U.S. economy by keeping residential areas, commercial facilities and local infrastructure in good condition, thus supporting the safety and welfare of communities across the nation.

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OSHA Expands Injury and Illness Submission requirements in High-hazard Industries

On July 17, 2023, OSHA announced a final rule that will require certain employers in designated high-hazard industries to electronically submit additional injury and illness information than what is currently required but employers are already required to keep. The final rule will become effective on Jan. 1, 2024.

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A construction worker going over safety culture information in front of a group of construction workers.

Did You Know?

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Businesses | Employee Benefits | Personal Insurance

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