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From the category archives: Insurance

Insurance

8 must-have types of insurance for construction companies

1/16/2019 1:43 PM
Construction site imageThe construction industry has inherent risks and job sites are often bustling with activity. Workers, contractors, large machinery and more are needed to get the job done, which open up the possibilities of injuries, third-party damages and potential litigation. Advancing technology and machinery is alleviating some of the risks of doing business on the one hand, though can ultimately add more risks on the other. However, there are ways to mitigate risks by ensuring you have the right insurance coverage.  Read the rest of entry »

ABC’s most read blog posts of 2018

1/9/2019 3:31 PM
Posts on the Wisconsin Contractor Blog were read more than 48,500 times in 2018, according to a review of website statistics by ABC of Wisconsin. Throughout the year, ABC of Wisconsin uses the blog to present feature stories, analysis, advice and general information of interest to the construction industry.. Here’s a recap of our 10 most popular blogs in 2018. Read the rest of entry »

2019 inflation adjustments announced for HDHPs and HSAs

10/9/2018 10:14 AM
The Internal Revenue Service announced the 2019 inflation adjustments for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs). These adjustments include maximum HSA contributions, minimum deductible amounts and maximum out-of-pocket limits. Read the rest of entry »

Indemnification – Big word, big risk

8/29/2018 9:20 AM
Almost all businesses enter into numerous contractual agreements each year. These agreements are often given the same cursory review as an iTunes Agreement. Failure to closely scrutinize the details of these agreements can adversely impact the business’s total cost of risk in the event of a problem. The provision within the contract that impacts the business’ cost of risk more so than any other, especially in construction, is the Indemnification Agreement. 

Contractual risk transfer is a critical component of effective risk management, but whether one is transferring the risk or assuming it, the exposure needs to be understood as not all indemnification clauses are covered under your insurance contract.  Read the rest of entry »

Making music in construction contract management

7/6/2018 11:19 AM
A few weeks back, my daughter treated me to tickets for an Anderson East concert at the Majestic Theatre in Madison (By the way, he puts on a great show.) During the second set, he covered one of my favorite old tunes by Sam & Dave, “Hold On, I’m Coming.” He then immediately transitioned into his hit “All On My Mind.” OK, you’re thinking, "What in the world does this have to do with construction contract management?" Well, it has to do with the transition of time and the evolution of risk transfer. Read the rest of entry »

Falls are still major safety issue in construction

4/23/2018 3:16 PM
After adding more than 30,000 jobs in January alone, the construction industry shows no signs of slowing down. With more workers comes more responsibility for safety. Falls from heights are still the leading cause of death in the private construction industry and lack of proper fall protection is the most frequently cited violation by OSHA ... Read the rest of entry »

Worker's Compensation - It's all the same!

3/7/2018 8:09 AM
As agents that specialize in Worker's Comp and risk management, our biggest wish would be to get $1 for every time we heard a prospect say, "Worker's Comp, it's all the same, right?" In their defense, it's what they have been told by almost everyone in our profession. So, why would they think any different? Let us say it clearly, "Worker's Comp is NOT all the same!"  Read the rest of entry »

The five most dangerous jobs in construction

12/14/2017 9:18 AM
As one can imagine, the construction industry has some of the riskiest jobs in America. Construction workers face a wide range of hazards at work everyday from falling debris to machinery mishaps and everything in between. Below, is a countdown of the top five most dangerous construction practices.
Read the rest of entry »

Safety cliché or safety culture?

12/7/2017 2:30 PM
Lift pictureI’m sure you’ve heard or used the clichés, “safety is no accident” or “safety first.” There are hundreds of safety adages like it. While they may be used with well intentions, Psychologist and Trainer, Rob Long, PhD., says the use of safety language like this is meaningless. It dumbs down our safety culture and distracts us from taking safety seriously ... 
Read the rest of entry »

Are you prepared for a Cyber 9/11?

7/28/2017 7:36 AM
This week, Lloyd’s of London released a report that stated “a major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as Superstorm Sandy in 2012.” So far in 2017, the "WannaCry" and "Petya/NotPetya" attacks affected hundreds of thousands ...
Read the rest of entry »
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Associated Builders and Contractors of Wisconsin
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Phone: 800-236-2224 or 608-244-5883
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