Insurance Insights

Designed to help protect buildings and other structures under construction, Builders Risk Insurance is a specialized form of property coverage. Also known as “course of construction insurance,” such coverage typically assists with expenses that may result from property damage losses stemming from fire, lightning, hail, explosions, theft and vandalism. Coverage extensions and endorsements may also be available under a Builders Risk Insurance program.

Employers across the country are struggling to attract and retain quality workers. This is certainly true with respect to the construction industry, which expects continued growth into 2023 and beyond. The purpose of this blog is to highlight new employment research, outline factors contributing to today’s worker shortage, and offer important tips to help employers attract and retain skilled workers.

If you operate a business from your home, it’s important to understand that a homeowners insurance policy is designed to cover personal exposures, not business exposures. That being said, knowing which insurance coverage is right for your home-based business depends on a variety of factors.

Sprains and strains are among the most frequent injuries in manufacturing. The majority of sprains and strains result from lifting, being hit by fallen objects or even an unfortunate misstep. It’s important to note, however, that injuries of this nature can often be avoided when workers exercise a simple step or two of caution.

The construction industry is one of the most hazardous in the United States. In fact, every time you come to work, you risk suffering an injury. However, you can help improve construction site safety by learning about and avoiding the top four on-the-job hazards, which are: falls, struck-bys, caught-in-between hazards and electrocutions.

When it comes to workplace safety, there are few roles more influential than that of the supervisor. While handling the everyday situations that help ensure a company’s efficiency and success, supervisors are an integral part of workplace safety programs. Such programs utilize risk management techniques to keep employees safe on the job, thus reducing workers’ compensation costs.

With the rapid and nearly continuous pace of change in the construction sector, the need for specialist insurance agent/broker expertise is clear. This is not a market for generalists; contractors need consultants who can help them anticipate and take advantage of market changes as they develop.

When a worker is injured, there are specific timelines to follow and forms to complete with respect to workers’ compensation insurance. But what about when a worker is injured and refuses to accept treatment or file a claim? What are your responsibilities as the employer? While the exact legal answer depends on your situation and state laws, consider the following to limit your liability.