INSURICA Construction Times
Keeping you ahead of the risks and challenges unique to your industry.
Winter 2022-23
“ 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.
Bobbie Duke –Electronic Data Liability
FEATURED ARTICLE
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.
FEATURED ARTICLE
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.
FEATURED ARTICLE
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.
Related Articles
Providing Safety for Women in Construction
As increasing numbers of women enter the construction trades, concerns about their health and safety are growing. In addition to the primary safety and health hazards faced by all construction workers, there are safety and health issues specific to female construction workers
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.
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.