Good Faith Efforts - Are You in Compliance?


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No matter if you are an Owner, an Agency, or a General Contractor, it’s important that your construction team understands the projects’ diverse business (DB) goals and the good faith obligations if they aren’t met.

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Topics: Good Faith Efforts, MWBE

4 Steps to Minimize your Company’s Auto Risk


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Even though the economy and driving activity has gradually increased to pre-pandemic norms, we are unfortunately still seeing significantly high commercial auto insurance premiums. To reduce the insurance carriers, claim exposure and expenses, they are continually increasing rates, implementing strict underwriting guidelines, and transferring additional responsibilities & cost to policyholders. Despite these challenges, here are 4 steps you can take to ensure safety and minimize risk.

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Topics: Construction Commercial Insurance, Auto Coverage

Cyber Threat: Billions of Compromised Records


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Earlier this week on Monday January 22nd, news outlets began reporting on a major data leak that has potentially compromised 26 billion records. The allegedly compromised information came from numerous companies, including LinkedIn, X (formerly Twitter), Dropbox, Adobe, Canva, Tencent, and Weibo.

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Topics: Cyber

Claims Update: NotPetya Cyber Attack Settled


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Merck and its insurance companies have settled their lawsuit involving a 2017 cyber attack. The litigation involved a dispute about whether a war exclusion applied to a NotPetya cyber attack.  

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Topics: Claims, Cyber, Construction Trends

4 Essential Items Needed to Enroll in a Wrap-Up


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First time enrolling in a Wrap-Up insurance program? Here are 4 items you should have available to expedite the enrollment process with any Wrap Administrator.

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Topics: Wrap-Ups, Wrap-Up Administration

2024 Insurance Industry Expectations


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As we prepare ourselves for the upcoming new year, it is important to look ahead to potential opportunities in the Insurance Industry. Insurance Journal recently revealed their Industry Trends to Exploit for 2024.  

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Topics: Reinsurance, Employee Benefits

Say What? When Insurance Terms Sound Humorous

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Topics: Construction Insurance

Is Enrolling in a Wrap-Up Optional?

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You’ve been awarded a contract on a project that is being covered by Controlled Insurance Program (CIP), or more commonly known as a Wrap-Up. The Owner or General Contractor are requiring you to enroll into the Wrap program. You have your own corporate insurance. Do you need to enroll in the program?

The short answer is yes. While there is a limited list of trades that are usually excluded from a Wrap program, most trades are required to participate, making enrollment a requirement. You can always refer to the project’s Wrap manual for the excluded trades on that project. These excluded trades are typically: 

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Topics: Wrap-Ups, Wrap-Up Administration

AI and How It Can Be Used in The Construction Industry


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AI, or Artificial Intelligence, is a form of technology that is built to mirror the human mind. AI is focused on taking basic human functions such as the abilities to learn, reason, communicate, and process information to form intelligent and efficient responses in a timely manner.

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Topics: Construction Risk Management, Construction Trends