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

Construction Risk Management: Ladder Last Program

Posted by Noff Colabella on Wed, Sep 20, 2017 @ 04:00 PM

Using a ladder may seem like the easiest way to do construction work at high levels, but it’s not necessarily the safest. This is why many experts support “ladder last” policies, and Nationwide is now requiring our contractors to implement a ladder last program.

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Tags: construction risk management, ladder last program

Construction Risk Management: Take a New Look at Surveillance Cameras

Posted by Noff Colabella on Thu, Jul 07, 2016 @ 11:42 AM

Did you know your chances of having your heavy equipment stolen are twice as high as having it damaged by natural disaster and five times higher than having it damaged in an auto accident? According to the National Insurance Crime Bureau’s 2014 Equipment Theft Report, the cost of equipment theft to U.S. companies is estimated to be anywhere from $300 million to $1 billion every year, maybe more. The problem is so widespread, there’s no single, complete database of all losses.

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Tags: construction risk management

Construction insurance update: Green building is red hot and so are the risks

Posted by Noff Colabella on Wed, Dec 02, 2015 @ 11:41 AM

For the construction industry, it’s a good time to go green. According to the World Green Building Trends 2016 survey by Dodge Data & Analytics, green building is doubling every three years. Survey respondents projected that more than 60 percent of their building projects would be green by 2018. And Navigant Research estimates the worldwide market for green building materials will be greater than $254 billion by 2020.

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Tags: construction risk management, green construction, green building

New opportunities mean new construction defect exposures

Posted by John Cofini on Thu, Aug 14, 2014 @ 12:33 PM

During the Great Recession, many contractors were forced to cast wider nets, venturing into new territories and taking on new types of projects. Others left the construction industry altogether. Now, opportunities are plentiful in New Jersey and New York, but finding tried and proven subcontractors and suppliers can be challenging.

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Tags: New York construction insurance, construction risk management, New Jersey construction insurance, construction defect exposures

New York Contractors: It’s Time for the OSHA National Safety Stand-Down

Posted by John Cofini on Wed, May 28, 2014 @ 02:56 PM

Falls from height continue to be one of the leading causes of injuries and deaths in the construction industry. The statistics are pretty sobering. According to Bureau of Labor Statistics (BLS) data, almost 9,000 construction workers across the country experienced a fall that caused them to miss work in 2012. The number of fatalities from falls in construction actually increased from 2011 to 2012, and accounted for 269 of 775 fatalities reported in 2012.

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Tags: New York construction insurance, construction risk management, new york contractors, construction safety

Construction Market Update – From Industry Growth to Business Insurance

Posted by Ronald Longueira on Tue, Dec 17, 2013 @ 11:58 PM

As another year winds down, analysts are weighing in on what’s been happening in the construction market this year and what 2014 might bring. Here are some of the highlights:

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Tags: construction insurance, business insurance, construction market, construction risk management