Insurance

Digital Threats Lurk Around Every Corner. Do You Know How to Stay Safe?

ccapoccia — Tue, 05 Nov 2024 14:37:44 +0000

Digital Threats Lurk Around Every Corner. Do You Know How to Stay Safe? ccapoccia Tue, 11/05/2024 - 08:37

For the construction industry — long plagued by lagging productivity — the growing availability and accelerating adoption of technology have been hugely beneficial.

In fact, improved productivity has been only one of the advantages. Construction’s tech-driven transformation has been marked by improved safety; better collaboration and communication; cost reductions; smarter and more efficient operations and services; and more cost-effective and sustainable construction practices.

Inside Construction's 2024 Risk & Insurance Landscape

ccapoccia — Mon, 22 Apr 2024 10:00:09 +0000

Inside Construction's 2024 Risk & Insurance Landscape ccapoccia Mon, 04/22/2024 - 05:00

Uncertainty has defined the construction landscape for several years now. Just look across your own company. You’ve likely seen changes to your business, projects, employees and clients.

That change can alter your business’s risk — and the insurance necessary to protect it.

Persistent inflation has increased the cost of projects. Supply chain constraints, while improving, have limited the speed of access to materials and equipment. And despite the industry’s growth, skilled labor availability is still catching up with demand.

OSHA Is Not Backing Down

ccapoccia — Fri, 19 Jan 2024 14:30:50 +0000

OSHA Is Not Backing Down ccapoccia Fri, 01/19/2024 - 08:30

Even if you did not directly experience last summer’s heat, you probably read or heard about it. Historically high temperatures scorched the country from coast to coast, and there are no signs that this heat will abate anytime soon. According to the Bureau of Labor Statistics, 436 people have died due to workplace heat exposure since 2011. In the same time period, there were an additional 2,700 cases of heat-related illnesses among workers. Now — quite literally more than ever — it is critical for employers to take steps to ensure their workers are protected from extreme heat.

Exploring Contractual Risk Transfer in Construction

ccapoccia — Thu, 09 Nov 2023 15:31:08 +0000

Exploring Contractual Risk Transfer in Construction ccapoccia Thu, 11/09/2023 - 09:31

Every commercial or residential building, no matter how unassuming its appearance, is the culmination of collective endeavors by designers and proficient tradespeople. Carpenters, masons, electricians, plumbers, drywallers, roofers and numerous other skilled individuals work in collaboration to ensure that the building functions as a contemporary, sturdy and secure structure. Concealed within its walls, doors, ceilings and floors lies an intricate network of pipes, wires, ducts and tanks that form the backbone of its modern functionality.

4 Ways to Protect Your Jobsite From Severe Weather

ccapoccia — Mon, 11 Sep 2023 15:29:51 +0000

4 Ways to Protect Your Jobsite From Severe Weather ccapoccia Mon, 09/11/2023 - 10:29

There’s a good chance severe weather has impacted your construction site in the last few years. Events like tornadoes, hailstorms, flooding and wildfires are worsening and happening more often. In fact, severe weather events exceeding $1 billion in damages have more than doubled in the past five years, according to the National Oceanic and Atmospheric Administration. Compounding problems, material inflation and supply chain delays could lead to longer, costlier recovery periods.

Both trends could pose greater financial risk if your business — or jobsite — is damaged.

How Your Team Can Learn From the Recent Crane Collapse in NYC

ccapoccia — Tue, 05 Sep 2023 15:18:17 +0000

How Your Team Can Learn From the Recent Crane Collapse in NYC ccapoccia Tue, 09/05/2023 - 10:18

July’s tower crane fire, and subsequent collapse, at a construction site on 41st Street in New York City (NYC) made for some exciting viral video content and a few days’ worth of local headlines. Just as quickly as it went viral, it faded away and will be another footnote in the ongoing story that is the Manhattan skyline. For those directly affected by the collapse, though, the effects will last much longer. When these types of accidents occur, we look for answers to the same three questions:

Insurance Update: Q4 2021

Alex Headley — Wed, 03 Nov 2021 12:30:00 +0000

Insurance Update: Q4 2021 Alex Headley Wed, 11/03/2021 - 07:30

The construction insurance market continues to evolve. With uncertainty and anticipation in the air within the insurance world, it is an auspicious time for a market update. The construction industry has combated several challenges over the past few years: COVID-19, labor shortages, project interruptions, volatile payroll and revenue and rising cost of materials. The hard market over the past few years has forced insureds to become acclimated to underwriting surprises.

Who Assumes Responsibility for an Injured Worker?

Alex Headley — Fri, 19 Feb 2021 13:30:00 +0000

Who Assumes Responsibility for an Injured Worker? Alex Headley Fri, 02/19/2021 - 07:30

In spring 2020, the world slowed to a halt as the coronavirus pandemic reared its head. Despite many industries shutting down, many construction projects continued to move forward — even in the face of concerns related to the ability of COVID-19 to spread among individuals in close proximity.

An Examination of the Construction Underwriter's Outlook

Elizabeth Manning — Mon, 14 Dec 2020 22:43:32 +0000

An Examination of the Construction Underwriter's Outlook Elizabeth Manning Mon, 12/14/2020 - 16:43

Learn what the construction surety underwriter is looking at in your business from 2020 and into 2021 when auditing your firm for surety and bonding purposes.

The 6 Rules of Risk Mitigation in Construction Contracts

Elizabeth Manning — Fri, 20 Nov 2020 06:10:29 +0000

The 6 Rules of Risk Mitigation in Construction Contracts Elizabeth Manning Fri, 11/20/2020 - 00:10

Is your leadership team evaluating every possible area of risk in your project contracts? Here's 6 steps to take to make sure you are mitigating the risk your firm comes in contact with.