INSURICA Construction Times

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

Winter 2022-23
IN THIS ISSUE

Let us suppose that you are a plumber, digging a trench for pipes, and you sever a fiber optic cable in the process.  The General Liability policy includes ‘Underground’ coverage for damage to the Fiber Optic cable [tangible property].  However, it does NOT provide coverage for the loss of information [intangible property], or the loss of income that the third party may have endured due to loss of internet access.

ARCHIVES
FEATURED ARTICLE
https://insurica.com/blog/construction-sites-and-attractive-nuisances/

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.

Read more
FEATURED ARTICLE
A businesswoman is showing a padlock between her fingers at the wireless connections foreground. The concept is private data liability.

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.

Read more
FEATURED ARTICLE
https://insurica.com/blog/managing-your-fleet-risk/

Keeping U in Mind: Managing Your Fleet Risk in 2023

With rising insurance premiums, successfully managing fleet risk should be a top priority as we enter a new year. The Occupational Safety and Health Administration (OSHA) stated that most road related fatalities occur on highways where there are seat belt requirements and traffic laws, between the hours of 7 a.m. and 4 p.m. Additionally, the U.S. Department of Transportation National Highway Traffic Safety Administration (NHTSA) 2020 annual traffic crash data reported over 38,000 fatalities related to U.S. traffic crashes, and this creates a serious conundrum for insured and insurers alike.

Read more
Related Articles
  • Industrial Engineering works in front of monitors, stressing the importance of a positive cybersecurity culture.

Creating a Cybersecurity Culture

May 24th, 2023|0 Comments

Employees are an organization’s first line of defense against cybercriminals. For this reason, they are also commonly targeted. In fact, the vast majority (88%) of data breaches are caused by employee mistakes, according to Stanford University. Unfortunately for organizations, a single mistake can result in costly losses, reputational damage and lost or stolen data.

  • Construction workers walking to a job site. Their backs are facing the camera and are all wearing reflective vests.

Attracting and Retaining Construction Workers in Today’s Labor Shortage

May 16th, 2023|0 Comments

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.

  • Commercial building damage after strong tornado storm.

6 Forces Driving Commercial Property Insurance Costs

March 15th, 2023|Comments Off on 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.