The TSIB Team

Recent Posts

The 4 Types of Disability Benefits for Workers' Compensation

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Accidents happen, and sometimes employees are injured and cannot return to work immediately. It’s important to understand your claim benefits. Workers' Compensation disability benefits provide a portion of your income while you’re unable to work due to a work injury. The type of injury that was sustained (temporary or permanent) will determine your benefit. Below are the 4 types of disability benefits: 

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Topics: Workers' Compensation

Insurance Risks and Mitigation in New York

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There are many insurance risks that can affect a construction project. If you’re building in New York, it’s important to know what your risks are and how to protect yourself from major losses. Keep reading to learn a couple of common risks in New York and how to mitigate them.

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Topics: Wrap-Up Insurance

What is a Certificate of Insurance?

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A Certificate of Insurance (COI) provides information on specific insurance coverage. The certificate is proof of the insurance you have and typically contains information on the following:

  • Type of coverage
  • Limit for each coverage
  • Insurance company name
  • Policy number
  • Named Insured
  • Additional Insured(s)
  • Effective policy dates
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Topics: Commercial Insurance

Diffusing the Risk of California Workers’ Compensation Litigation

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Navigating the Workers’ Compensation (WC) system can be confusing and overwhelming. Injured employees need to feel comfortable with the system, with the employer’s response, and with the benefits they are entitled to. When an employee is injured, their livelihood can be seriously affected. Unfortunately, a collective myth exists in the injured worker’s mind that their employment is in jeopardy because of this incident. How stressful is that?

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Topics: Claims, Workers' Compensation

How Can a Wrap-Up Portal Help Your Project?

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You’ve decided to cover your project with a Wrap-Up Program! Congratulations! You have also partnered with a company to administer your Wrap-up. When reviewing their services, your Wrap Administrator shifts the discussion to their Wrap-Up Portal. You may be asking yourself, what in the world is a Wrap-Up Portal?

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Topics: Wrap-Up Insurance

The Advantages of Having Wrap-Up Insurance in New York

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New York’s construction industry presents many challenges from an insurance and risk management standpoint. One way the insurance industry has evolved to remain competitive with rising insurance premiums and high exposure indemnity claims is through the implementation of Wrap-Up Insurance Programs or CIP (Controlled Insurance Programs).

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Topics: Wrap-Up Insurance

Contractor’s Pollution Liability vs. Pollution Legal Liability

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As of today, there are 2 dozen carriers offering some type of environmental or pollution coverage. The most common coverages offered are Contractor’s Pollution Liability (CPL) and Pollution Legal Liability (PLL). If you factor in several policy forms each carrier uses—as well as the slew of additional forms and endorsements attached to each policy—the number of combinations and resulting coverage offerings is astronomical.

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Topics: Pollution Legal Liability Insurance

What is Subcontractor Default Insurance (SDI)?

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Subcontractor Default Insurance (SDI) provides insurance for General Contractors against default from a subcontractor. The coverage is an alternative to a surety bond and is purchased from an insurance carrier in order to protect the General Contractor from the subcontractors they hire. To get a stronger understanding of Subcontractor Default Insurance, there are two types of default that you should know about. 

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Topics: SDI

Workers’ Compensation Deductible Plan Options

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A workers’ compensation deductible plan has become a more popular option among contractors. Whether it is a small or large deductible plan, this plan may allow premium savings to your company that can help control your workers’ compensation costs. Continue reading to learn what workers’ compensation deductible plan might work best for you!

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Topics: Workers' Compensation

Why Do Contractors Have to Provide Additional Insured Endorsements?

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A common requirement you’ll find in a construction contract is for any hired contractor to provide additional insured status to parties within the contract. The purpose of this requirement is to protect an Owner, General Contractor and/or another Trade Contractor from potential claims that may arise from work the hired contractor is performing. By having the Owner and General Contractor listed as additional insureds on the hired contractor’s policy, this transfers the potential risk for work done back to the hired contractor.

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Topics: Contracts, Additional Insured