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The Advantages of Having Wrap-Up Insurance in New York
New York’s construction industry presents many challenges from an insurance and risk management standpoint. One way the insurance industry has...
Contractor’s Pollution Liability vs. Pollution Legal Liability
As of today, there are 2 dozen carriers offering some type of environmental or pollution coverage. The most common coverages offered are Contractor’s...
What is Subcontractor Default Insurance (SDI)?
Subcontractor Default Insurance (SDI) provides insurance for General Contractors against default from a subcontractor. The coverage is an alternative...
Workers’ Compensation Deductible Plan Options
A workers’ compensation deductible plan has become a more popular option among contractors. Whether it is a small or large deductible plan, this plan...
Why Do Contractors Have to Provide Additional Insured Endorsements?
A common requirement you’ll find in a construction contract is for any hired contractor to provide additional insured status to parties within the...
4 Keys to Surviving a Hard Excess Market
The insurance marketplace moves in cycles as the pendulum swings back and forth between low demand and high supply—known as a “soft” market—to high...
Construction Concerns for 2020 and Beyond (Part 2)
The forecast that the construction sector will continue its growth pattern reflects the strength of the economy even late in this business cycle. A...
Construction Growth for 2020 (Part 1)
When we look back at the U.S. economy this year, we see it performed reasonably well during the first half of 2019. Job growth for the economy as a...
Does a Workers’ Comp Policy Cover Employees Working In Another State?
Have you heard the saying, you go where the job is? Well, this rings true for most contractors, as they often find work outside the state where their...