Insurance

  • Prompt Claims Reporting

    Prompt Claims Reporting0

    By Builders Mutual Your insurance premium isn’t just another bill to pay each month. Your coverage is an important part of your business toolbox, helping to take care of injured workers, repair or replace damaged equipment, provide financial protection, and much more. Prompt claims reporting is important for speedy action if an incident does occur and

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  • Stop the Hand-Off!

    Stop the Hand-Off!0

    Attacking the Misnomers of Preconstruction Strategy By Gregg Schoppman, Gregg.schoppman@fmicorp.com If you have ever called your pre-construction planning process a “dump meeting”, hand-off or turnover, please stop! The imagery of most pre-construction planning processes looks like it is setting the world speed record for paper shuffling.  “Here are the plans, specifications, submittals, contact list, map

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  • Ready to Respond? Contractors’ Best Practices for Performance Bond Claim Preparedness

    Ready to Respond? Contractors’ Best Practices for Performance Bond Claim Preparedness0

    By Gina Lockwood, Esq., Merchants Bonding The frequency and severity of claims ebbs and flows, dependent on a variety of economic influences. But whether claims are on the rise or on the decline, contractors should always understand a surety’s claims process, and have the right practices in place to mitigate potential impacts of a claim.

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  • Natural Disaster Resource Guide0

    September marks the beginning of National Preparedness Month, a nationwide campaign to increase awareness about disaster preparedness. According to the National Oceanic and Atmospheric Administration (NOAA), there were 18 weather/climate disasters in 2022 with losses exceeding $1 billion. While late summer often brings hurricanes, we know that wildfires, earthquakes, floods, and other natural disasters can

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  • Disaster Response Plans For Natural Disasters and Other Catastrophic Losses1

    By Joshua Polak, AssuredPartners Any business that has experienced a significant property damage event can attest to the fact that navigating through the claim process can be challenging. Even when appropriate coverage is in place, managing the communication and documentation necessary can be confusing, time-consuming, and disruptive to business operations. These challenges can be magnified

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  • What Does Your General Liability Policy Really Cover?0

    By Karalynn Cromeens, The Cromeens Law Firm PLLC The first rule to understanding insurance is that insurance companies are in the business of collecting premiums and not paying claims. This means if the insurance company can find a way to get out of paying your claim they will. The second rule of insurance is you

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