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- Best Practices, Improving Productivity, Insurance
- April 23, 2024
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Ready to Respond? Contractors’ Best Practices for Performance Bond Claim Preparedness0
- Claims, Insurance, Risk Management
- April 23, 2024
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.
READ MORENatural Disaster Resource Guide0
- Insurance, Outlook & Trends, Risk Management, Safety
- September 26, 2023
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
READ MOREDisaster Response Plans For Natural Disasters and Other Catastrophic Losses1
- Forcasting, Insurance, Safety
- July 25, 2023
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
- Insurance, Legally Speaking
- July 24, 2023
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
READ MORECrucial Steps to Succeed on Claims0
- Insurance, Legally Speaking, Risk Management
- July 24, 2023
By Timothy J. Woolford, Woolford Kanfer Law, P.C. Properly preparing and submitting construction claims is among the most important aspects of managing a construction project. Succeeding in your claim(s) can be the difference between a profitable project and one that loses money. Generally speaking, a claim is the assertion of a right to additional compensation
READ MOREThe Anatomy of Sticker Shock: A 20-Point Mod Increase Compounded by a $40,000 Workers’ Comp Premium Increase0
- Best Practices, Insurance, Safety
- June 26, 2023
By Bob Tuman, CCR Safety Consulting Dan, the owner of a large union painting contracting firm, called me- baffled and angry about the 20 point “mod” increase (from .74 to .94) and the resulting $40,000 increase in his workers’ compensation premium- from $200,000 to $240,000. “How am I going to explain this to General Contractors?”
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Prompt Claims Reporting
- Claims, FINANCE, Improving Productivity, Insurance
- November 26, 2024
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Matt Zuiderhof
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About FASA
To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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