John Cofini

Recent Posts

New Tech That Can Improve Construction Safety

Posted by John Cofini on Tue, Jan 17, 2023 @ 11:15 AM

While inspecting a skyscraper, a construction worker suffers a fatal fall. On a hot summer day, a worker suffers heat stroke and has to be rushed to the hospital. After years of work, a construction worker develops back pain and is forced into an early retirement. Construction has always meant dangerous work, but this doesn’t mean accidents like these are unavoidable: new technology has the potential to improve construction safety. At a time when costs are high and skilled workers in short supply, new tech could be a game changer.

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Tags: construction safety

Preventing Property Damage Caused by Ice Dams

Posted by John Cofini on Tue, Jan 10, 2023 @ 12:01 PM

Allowing ice dams to form on your roof can lead to major structural damage. Learn the signs of ice dams and steps to take to help prevent this winter hazard.

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Tags: ice dams

Looking Back at 2022: A Year in Construction

Posted by John Cofini on Fri, Dec 16, 2022 @ 11:33 AM

The construction industry has been thriving in 2022, but the year has also brought its share of challenges. Issues related to environmental impact, labor shortages, material costs, COVID, and safety are all top concerns for contractors. Let’s take a look back at the developments that have shaped the construction industry in 2022.

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Tags: construction, Construction 2022

EPLI Exposures: From Company Party to Lawsuit

Posted by John Cofini on Thu, Dec 15, 2022 @ 05:53 PM

Company parties and events can boost morale and support teambuilding, but things sometimes go wrong. Here are some employment practices liability insurance (EPLI) exposures to avoid during work-sponsored parties, events and travel:

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Tags: epli exposures, Holiday EPLI Exposures

State of the Insurance Market: Q3 Update

Posted by John Cofini on Mon, Nov 28, 2022 @ 04:50 PM

Inflation, supply chain issues, labor shortages, cyberattacks, natural disasters and rising jury awards and all key factors impacting the current state of the insurance market. Insurance rates continue to rise, but some lines are seeing higher rate hikes than others. Underwriting capacity is also varied across different lines and sectors.

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Tags: State of the Insurance Market

Cyberattacks: Real-World Risk & Disruption

Posted by John Cofini on Tue, Nov 08, 2022 @ 02:06 PM

A cyberattack can do more than disrupt your organization’s computer systems. The world has become increasingly dependent on the internet; at the same time, cyberattacks have become more sophisticated and damaging. As a result, cyberattacks can cause real-world disruption.

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Tags: cyberattacks

State of Commercial Auto Insurance

Posted by John Cofini on Mon, Oct 17, 2022 @ 09:30 AM

Over the past several years, commercial auto insurance rates have risen due to inflation, lower deductible requirements, and higher litigation, repair, and medical costs. According to the Commercial Property/Casualty Index from the Council of Insurance Agents & Brokers (CIAB), commercial auto coverage premiums saw an average increase of 8 percent in the last quarter, following 29 consecutive quarters of premium increases.

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Tags: commercial auto insurance

Top Dangers Lurking on Construction Sites

Posted by John Cofini on Thu, Oct 13, 2022 @ 09:30 AM

Forget about graveyards and spooky mansions. If you really want to see a scary location, look no further than the nearest construction site. According to the National Safety Council (NSC), construction can be considered the most dangerous industry in terms of workplace deaths. Watch out for the top dangers lurking around your construction sites.

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Tags: Construction Risks

BNC: Construction Insurance Coverage Trends

Posted by John Cofini on Mon, Sep 12, 2022 @ 09:00 AM

Construction insurance rates have trended upward as claim values have increased, fueled by recent workforce upheaval, supply chain shortages, and record-high inflation. According to MarketScout Barometer, the contracting industry class experienced an average insurance rate increase of 6.2% in Q2.

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Tags: construction insurance, construction insurance trends

How DEI Trends Can Create New Exposures for Your Business

Posted by John Cofini on Mon, Aug 29, 2022 @ 10:00 AM

Is your company as devoted to social causes as it claims to be? If there’s a discrepancy between what your organization claims and what you actually do, you could face litigation. Diversity initiatives could also result in claims of discrimination. DEI trends are creating exposures, and this is an area where businesses need to advance cautiously.

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Tags: DEI Trends