Restoration Insurance: Claims Management
Contractors are skilled problem-solvers with the knowledge and expertise to successfully complete today’s complex construction projects. Experienced contractors understand that early identification and evaluation of disputes and timely resolution of subcontractor and supplier claims are critical components of efficient and cost-effective project management. Disputes cost money and divert critical resources. Contractors that leverage their existing skills in identifying and mi


Properly Insuring Tools
Did you know that coverage for any property, tools, and equipment away from your office or premises is not covered under a standard property insurance policy? That means if you have tools or equipment stolen from a job site or vehicle you could be left to replace it all on your own dime. As tools and other jobsite equipment are the lifeblood of restoration contractors, we wanted to share how to properly insure these items were they to be stolen or destroyed. What Is Equipment


Workers Comp. Waiver of Subrogation
A waiver of subrogation does not prevent an injured subcontractor’s employee from filing suit against the contractor. It only bars the subcontractor’s workers compensation insurer from initiating a subrogation action and/or from enforcing its lien on a third-party claim. Possibly, the only winner from the waiver is the injured employee who might actually receive a double recovery if the workers compensation lien does not have to be repaid to the employer. The contracting part


Restoration Insurance: What is Fire Damage Legal Liability
Insurance companies, agents and buyers tend to focus on the major coverages within the Commercial General Liability policy: Liability for injuries caused by a business’s premises, operations, products or finished projects, and liability for property damage. However, for restoration contractors that do not own the buildings where they operate, there is an often-overlooked coverage that could be very important. The policy declarations refer to it as Damage To Premises Rented To

