Construction Risk Management: 10 Electrical Hazards

Posted by John Cofini on Wed, Dec 26, 2018 @ 01:42 PM

From 2012 through 2016, three hundred twenty-five U.S. contract workers died as a result of electrical injuries. And construction trade workers represented a whopping 57 percent of fatal electrical accidents during that time.

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Tags: construction insurance, construction risk management

What you need to know about OSHA’s new excavation and trenching safety initiatives

Posted by John Cofini on Mon, Oct 15, 2018 @ 03:23 PM

With the rise in construction excavation and trenching fatalities in recent years, the Occupational Safety & Health Administration (OSHA) is taking action by ramping up its education and prevention initiatives.

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Tags: construction insurance, excavation and trenching safety

Case in Point: When the “Additional Insured” Isn’t Covered

Posted by Noff Colabella on Tue, Jun 27, 2017 @ 11:14 AM

When you’re a construction contractor, there are a lot of “moving parts” to your operation, and a successful project requires that those parts work in sync. Your insurance coverage can be one of the most complex of those parts. And since it’s likely one of your biggest costs, it pays to get it right.

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Tags: construction insurance, additional insured

Booming Construction Creates New York Construction Insurance Challenges

Posted by Noff Colabella on Mon, Nov 14, 2016 @ 12:31 PM

The recession of 2008 was tough on the construction industry. Thousands of construction workers left the industry for greener pastures, and many companies were forced out of the business altogether. Luckily, the industry has come back strong, and many would even say it’s booming today. And there seems to be a renewed enthusiasm in the industry for improving efficiency and focusing on risk management strategies that offer the most bang for the buck.

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Tags: construction insurance

Construction insurance: Spotlight on alcohol at work

Posted by Noff Colabella on Mon, Mar 14, 2016 @ 03:30 PM

Everyone knows that construction sites are some of the most dangerous places to work. Add alcohol to the mix and it can be a recipe for a deadly and costly disaster. With the building boom happening in New York City and other cities around the country, there’s been a spike in construction fatalities. While there’s no way of telling how many of those have involved alcohol, it’s clear that alcohol use among construction workers remains a serious risk.

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Tags: construction insurance

What can a tech startup teach you about your construction insurance?

Posted by Noff Colabella on Wed, Jan 27, 2016 @ 08:00 AM

Today’s “gig economy” and its heavy reliance on independent contractors is one indication of how our modern workforce is evolving. The tech industry is a perfect example. But look a little closer and you’ll see that many tech startups are facing a new threat: lawsuits from workers who allege they were misclassified as contractors when they should be employees.

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Tags: construction insurance, independent contractors

Construction insurance alert: The high cost of substance abuse

Posted by Noff Colabella on Wed, Dec 30, 2015 @ 05:45 PM

Construction job sites are among the most dangerous places on the planet to work, and as any contractor knows, keeping costs down means keeping the job site safe. It’s already an inherently dangerous, stressful, and physically demanding profession, but when you add drugs or alcohol into the mix, the dangers – and the costs – can go through the roof.

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Tags: construction insurance

How building green can put you in the red – watch out for these exposures

Posted by John Cofini on Tue, Sep 23, 2014 @ 02:52 PM

Builders and designers are under increasing pressure to find new and innovative ways to incorporate green building practices, reduce energy consumption, and meet our culture’s demand for a greener world. And green construction is booming. According to Navigant Research, the global market for green building materials is expected to top $254 billion by 2020.

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Tags: construction insurance, New York construction insurance, green construction, building green, green building risk management

Asbestos insurance claims still lurking – and evolving

Posted by John Cofini on Thu, May 22, 2014 @ 02:16 PM

For decades, the link between asbestos exposure and serious health issues has been well known. And asbestos litigation – the largest mass tort in U.S. history – isn’t showing any signs of slowing down.

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Tags: construction insurance, New York construction insurance, new york business insurance, risk management, asbestos insurance claims

Is wrap-up coverage right for your construction project?

Posted by John Cofini on Tue, Mar 18, 2014 @ 02:20 PM

Of all the challenges you face as a project owner or contractor on large construction projects, your New York construction insurance is likely one of your biggest and costliest headaches. With multiple subcontractors, suppliers, and insurance companies involved, you can find yourself dealing with unexpected coverage gaps, lapsed policies, or inadequate limits. And when a claim comes up, things can get complicated and expensive in a hurry.

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Tags: construction insurance, New York construction insurance, New York workers’ compensation, wrap-up insurance, consolidated insurance programs