Workers Comp Coverage Workers Comp Construction Business Risks
Construction Worker Safety
Construction workers who are Hispanic, young and employed by small firms likely face greater occupational safety challenges than almost any other employee segment or in any industry in the United States, a new report finds. Continue reading
I often have clients call and say what type of claim will cost me the most. I sort of laugh because honestly it is really hard to give them a correct answer… The variables to this question are endless. For example; Cost them how? Financially? Growth wise? Reputation wise etc.? The more I get asked the question it has me thinking; which types of claims are most common and have a history of being the most costly? So I decided to come up with the top three risks that small businesses are most vulnerable if not covered properly. Continue reading
Multi Family Residences are an affordable alternative to single family homes. In Las Vegas several new multi family units seem to have popped up over the years. There are several types such as condos, duplex’s, mid-rise, high rise, apartment style, and perhaps the most common in Las Vegas, the town home. One thing that makes multi-family properties unique is that they share something structurally in common with other owners. They are also typically managed by a Homeowners Association (HOA) or property management company. Continue reading
P/C Insurers Risk Management Risk Management P/C Pricing
Commercial property/casualty insurance rates in March were flat compared with those of the same month in 2014, Dallas-based electronic insurance exchange MarketScout reported Monday. Continue reading
The average value of cargo stolen during 2014 increased by 36%, to $232,924, with cargo thieves becoming more professional, says FreightWatch International (USA) Inc. in its 2014 report issued Tuesday. Continue reading
The co-insurance clause in a property policy is one of the most confusing and misunderstood terms for policy holders. Co-insurance under a property policy is defined as: “the sharing of risk between an insurer and the insured” which is normally expressed as a percentage. Simply stated, the co-insurance clause affects the amount payable in the event of a partial or total loss. Continue reading
Property insurance is one of the first types of insurance a business or property owner needs to have in place. Property insurance protects a businesses physical property against loss or loss of its income-producing abilities. The basic commercial property insurance policy protects a businesses investment in the building itself. Continue reading
Bolstered by a resurgent economy and renewed optimism, the construction industry is showing signs of significant growth. Payrolls are increasing, more projects are coming online and the scope of work is increasing. Ample insurance coverage is available for both commercial and residential projects, and pricing is stable with the exception of New York and a few other states where construction defect actions are prevalent. Continue reading
