4 Ways to Reduce Workers Compensation Claims for Employees
For restoration contractors, large-dollar claims can be expected. Companies may struggle to find experienced partners capable of providing targeted risk control and practical techniques to lower loss results and reduce the total cost of risk. Here are four tactics your restoration company can implement to reduce the cost of claims. 1. Understand your claims history Effective claims management begins with understanding what has happened in the past, followed by corrective acti


Contractual Liability Exclusion
Under the Bodily Injury and Property Damage Liability Coverage, every general liability policy contains contractual liability exclusions. The exclusion applies to bodily injury or property damage for which the insured is obligated to pay damages because of the assumption of liability in a contract or agreement. However, it is important to point this exclusion contains two exceptions. Also, the contractual liability exclusion is the subject of numerous debates and lawsuits.


Employee Dishonesty Insurance Coverage
As the economy continues to sputter, we constantly hear stories about employees committing desperate acts against their employers and even customers. Here are some scenarios that we have seen happen to some of our clients in the past year: • An employee stole inventory from the company and disappeared.
• An employee used the company credit card for personal purchases like a television, gas, clothes, etc.
• An employee skimmed money from the till for over 12 months, amountin


Restoration Risk Management: Builders Risk Insurance
Though not familiar, there are some scenarios where restoration contractors need to purchase builders' risk insurance policies to protect their work correctly. What Is Builders Risk Insurance? Builders risk insurance, also called "course of construction," insurance is a type of property coverage for buildings under construction, as well as all of the materials and equipment used in the project. You will typically need to purchase coverage for 100 percent of the anticipated co

