As construction projects become larger and more complicated, contractors are taking on more of the risk by increasing their builder’s risk insurance deductibles, according to a recent report. Michael Cusack, executive vice president of insurance broker Alliant Specialty, told Insurance…
As construction firms rely more on technology to manage projects, there is an emerging risk for the industry: the cyber intrusion threat. Much new construction machinery is computerized, and most design, engineering and construction firms are using some form of…
Each year, hundreds of construction workers suffer shock when handling electrical tools and equipment. One of the big problems in understanding the dangers of electrical shock is the mistaken belief that only high voltages kill. It’s not the voltage that’s…
As a business owner, you could be held liable for the actions of other peoples’ employees. U.S. employment law has long recognized that workers may have an employment relationship with multiple entities at the same time. That means your company…
You should never hire an unbonded subcontractor on a construction project, unless you want to put your organization at significant financial risk. If the contractor you hired fails to perform their work as specified in the contract, without a performance…
There are a number of construction segments that are exposed to crystalline silica, which can cause silicosis and even death. Workers who typically have the largest exposure to silica include those in: Cement and concrete or stucco operations, Abrasive blasting,…
One of the biggest headaches for contractors is equipment and tool theft, as thieves regularly raid worksites after hours or steal tools from parked vehicles. They can make away with tens of thousands of dollars worth of equipment, and in…
Work-related stress claims cost U.S. companies $200 billion to $300 billion a year, according to the American Institute of Stress. Stress can result in a number of secondary mental and physical illnesses and direct physical injuries, which directly affects health…
Advancements are making construction workplaces safer thanks to innovative new designs that learn from the past and the weaknesses of equipment that has been used in construction for decades. Construction firms that don’t keep up with the latest in safety…
Large construction projects involving multiple contractors are ripe for claims and if your company is involved in such an enterprise, one of your top priorities needs to be risk mitigation. With the specter of property damage, material losses and workplace…
