Blog

Have you heard the term insurance captive and wondered what it was or if one was right for your construction company? Let’s take a closer look at the basics of captives.

Let’s say you are a Trade Contractor working on a project and your contract requires that you waive your subrogation rights. If you do not have a Waiver of Subrogation Endorsement on your Insurance Policies, you could very well be in breach of contract with the Owner, General Contractor or Trade Contractor that hired you. Allow us to explain.

Last week, TSIB explored why Completed Operations coverage was important and who it affects. This week, we want to discuss the key time periods of completed operations.

Imagine you are a fire sprinkler installer and you use incorrect fittings to install sprinkler heads in an office building. Two years after the project is completed, the heads begin to leak and damage the drywall, carpeting, and computer equipment of a tenant. Your Completed Operations coverage will step in and pay for the claims on this property damage. However, the coverage will not pay to fix your defective work, leaving your company responsible for that bill.

Did you know that Excess Liability and Umbrella Liability are not the same coverage? These two coverages sometimes get lumped together as the same coverage; however, that is not the case. Both Excess and Umbrella coverages add additional limits when their policies limits have been reached. Keep reading to find out what makes them different! 

Studying abroad is a wonderful experience, if you have the opportunity to take part in it. Though being in a different country is exciting, it’s important for students to know how to stay safe. Below are some tips on how to mitigate risks when traveling to another country.

When we think of a 401K, we often think it only benefits employees. However, that is simply not the case! A 401K is a retirement plan that allows eligible company employees to save and invest their money on a tax deferred basis, with an added benefit of employer investment matching options.

See below on how your company can benefit by implementing a 401K Program.

Cyber Security has become a main topic of concern these days. There are so many risks that occur every time you turn your computer. Students and Faculty need to be aware of how to keep their information private while accessing the school’s network. If you follow these basic Cyber Security tips, you can keep your information safe on and off campus.

For construction companies, an Experience Modification Rate (EMR) is the number that insurance companies use to measure past claims. What does this mean for you?

When starting a new Wrap-Up project, you'll need to provide copies of your insurance rate pages; but how do you find this information? Here's what you should know about your insurance rate pages and why they are important.