Contractual Risk Transfer
Contractual Risk Transfer (CRT) is a valuable tool that can be used by municipalities to mitigate the financial risks associated with third-party claims.
Tag Archives: risk management
Understanding and Managing Risks in Municipalities
Municipalities, towns, and cities inherently face a higher level of risk and responsibility due to their role in providing essential services for the common good.
Why Contractors Need Professional Liability Insurance?
In the past, contractors didn’t need to be concerned about professional liability insurance. It was traditionally carried by architects, engineers and other design professionals for errors and omissions. But these days, construction companies must consider this coverage to complement their general liability insurance.
The Importance of a Safety Data Sheet Program
A well-implemented SDS program is a key component of an organization’s overall workplace safety program, ensuring the well-being of employees, residents, and the environment.
What is an NEP?
A National Emphasis Program (NEP) is a temporary specific hazard awareness program in which OSHA focuses their resources on.
Keep Financials in Order for Fast Bond Acquisition
Owners of construction projects often require contractors bidding on the job to secure bid and performance bonds.
More Problems, More money…
As of January 2024, OSHA released an update to the maximum penalty costs to adjust for the cost-of-living increases over the past few years.
Accident & Injury Reporting
Timely claim accident and illness reporting allows insurance companies to respond efficiently, mitigate potential risks, and manage expenses effectively, resulting in a smoother claims process and more stable insurance costs for employers and workers, ultimately benefiting all parties involved.
Cut Your Commercial Construction Risk
Contractors benefited from an uptick in commercial and multifamily starts in 2021 and 2022 only to see demand fall in 2023 due to rising interest rates and tight credit.
Employee Compliance Training
A workplace safety training program is a mandatory approach to educate employees about potential workplace hazards, safe work practices, and emergency procedures.