Do I need Pollution Legal Liability Insurance?

Pollution Legal Liability (PLL) insurance helps cover the environmental risks associated with owning, developing or operating a facility or site.  If your construction company hasn’t looked into PLL for on and off-site coverage, here are some signs that it may be time to reconsider. 

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Topics: construction insurance

What to Know About a Wrap-Up Exclusion

Many subcontractors have a Wrap Exclusion in their Corporate Insurance Policy and do not know, nor understand, what it really means. If you are a subcontractor who works on a bunch of Wrap-Up projects, listen up!

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Topics: wrap ups

What is a Surety Bond?

Have you been told you need a surety bond for a project and never really understood what they are?

A surety bond is simply an agreement, which is guaranteeing the contract between three parties:
Principal, Surety and Obligee.

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Topics: Surety Bonding

Discover How to Mitigate Risk & Construction Insurance Claims

Construction can be a dangerous job, and it’s crucial that your company takes the right steps to provide employees with everything they need for a safe job. To mitigate risk and insurance claims, here are some tips that can benefit your employees, and your company as a result. Construction insurance can already be costly for your organization; avoid claims by instituting human resource policies and training. 

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Topics: construction insurance

Why You Need Directors and Officers  Liability Insurance

Lawsuits are all too common these days. According to the Chubb 2013 Private Company Risk Survey, the average total cost of Directors & Officers lawsuits to companies typically falls in the six-figure range, including judgments, settlements, fines and legal fees. Without sufficient insurance coverage, defending a lawsuit could be financially devastating to your company. 

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Topics: directors and officers liability insurance

Understanding Builder’s Risk

Builder’s Risk insurance applies to any building or structure that is under construction.  The General Contractor or Project/Property owner often purchases this coverage. 

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Topics: construction insurance

What is a Controlled Insurance Program?

The phrases CIP or Wrap-Up have become buzz words in the construction industry, but what do they really mean?

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Topics: construction insurance