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The Role of Insurance vs. Indemnification in Contracts
In a contract, you are contractually bound by the indemnification article to pay for liabilities in whatever form you prefer. Payment of potential...
The Process to De-Risking Your Business
The goal of having a Risk Management Plan in place is to minimize your company’s risk. This protects you, your company, and your employees.
Risk Management Benefits
Implementing a sound Risk Management program for your construction firm is necessary. Protecting your Business Risks, Strategic Risks, Financial...
3 Factors That Affect Your Insurance Premium
Have you wondered why your construction company is paying $X for your insurance premium while another firm is paying $Y? An insurance premium is the...
Before Signing the Renewal, Review Your Current Insurance Program
As a Contractor, you wear a lot of hats – salesperson, customer service, quality control, etc. You understand you cannot be satisfied with the status...
5 Steps to Implementing a Proper Construction Insurance Program
With your insurance program’s term coming to an end, you might be starting to think about your upcoming renewal. It might seem easier to stick with...
Crisis Management Planning for Your Construction Company
In this ever-changing climate, it is critical to be prepared ahead of time for events like liability claims, major accidents, community crises,...
List Your Exposures in Your Upcoming Insurance Renewal
Whether your insurance renewal is this month or next year, it’s important to work with your Broker and submit a complete market submission. TSIB has...
8 Tips for Creating an Insurance Market Submission
With Carriers having a low underwriting capacity, right now it’s important to provide a “Best in Class” market submission at your upcoming insurance...