Stop the Hand-Off!
- Best Practices, Improving Productivity, Insurance
- 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 MORESeptember 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 MOREBy 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
READ MOREBy 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 MOREBy 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 MOREBy 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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