Mold-related claims can be one of the hardest types of claims to deal with. They are usually discovered years later, are probably excluded or limited in coverage by insurance companies, and they are very expensive to deal with. The following example comes from a real case involving a restoration contractor. Over the next two posts, we are going to share the details of the claim, the type of insurance involved, and some advice to help your restoration company in the future. The Background In 2009, a restoration contractor repaired a tree-damaged porch roof. The work was finished without incident and the contractor didn't work on the home itself. The home then sold in 2013 to a family t

For restoration contractors, auto-related claims present one of your biggest risks. A large auto accident can easily cost (or your insurance company if you have proper coverage) millions of dollars. In fact, according to the Bureau of Labor Statistics, 1,789 workers were killed in 2012 in traffic-related accidents, which was the number one cause of workplace fatalities. Auto exposures are an important element for restoration contractors to evaluate and implement control measures due to the fact that auto losses continue to be a driving loss factor in both frequency and severity. In fact, the average cost of an auto-related injury is twice the cost of the average workplace injury. This is

Restoration contractors spend a lot of time on the road, traveling from job site to job site, delivering materials and visiting with clients. Also, did you know that the most expensive insurance claims we see with restoration contractors tend to come from auto accidents? With that mind, we want to share 4 safety tips for keeping your drivers accident free on the road: 1. Be Prepared. Simply planning ahead can be one of the most effective ways for drivers to stay safe on the road. Drivers should make sure to carry a road hazard kit in their vehicle at all times with flares, jumper cables, fix-a-flat, and a disposable camera. Restoration companies should also spend time training their drive

Pollution-related insurance claims can be some of the most expensive a restoration contractor can face. The problem is that pollution is often hidden and occurs gradually over time, causing catastrophic consequences - damaged properties, lost income, and ruined reputations. Additionally, with ever-increasing fines and regulations, the state and federal impact can destroy a business. Site Pollution Liability Site pollution liability insurance is designed to protect restoration contractors from the following types of exposures: Air Exposures - Dust and fumes, emissions, paint overspray, and more Surface Water Exposure - Spills and runoff, waste-water discharge, pollution contamination, and m

Did you know that the average work-related motor vehicle injury costs approximately $69,000 according to the National Safety Council? Auto accidents, on average, are twice as expensive as other work-related injuries. Something as simple as responding to a text message actually takes a driver's eyes off of the road for an average of 4.6 seconds. If you are traveling 55 mph, then you will travel the equivalent length of a football field without looking at the road. One of the primary reasons employees drive distracted is the pressure they often feel to respond to phone calls and emails while driving, especially when the call comes from a supervisor or manager. So in an effort to better prote