Managing the Risk of Newly Licensed Drivers. Driver Selection and entrustment of a company vehicle is a critical part of every contractor’s overall risk management program. One of the most important steps in allowing employees to drive company vehicles is to follow a consistent process of driver selection, and evaluation of experience/expertise in driving assigned …
BY JIM UNTIEDT Construction is a risky business. Successful contractors can reduce risk to their balance sheet by managing and mitigating their contract risk with their clients and subcontractors. Here are six steps you can take to manage your contract risk: Download the Article
BY JIM UNTIEDT The following list of 40 tips provides suggestions on how to reduce your insurance costs. Not all of these suggestions may apply to your company. We offer these ideas to reduce your insurance costs and to offer insight into the viewpoint of underwriters who price the risks associated with construction business! Download …
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BY GREG ROUSH At PentaRisk, we have represented Prime and General Contractors that have been defendants in civil litigation arising from serious construction site accidents. Many of these accidents were caused by negligent subcontractors. From our past experience, we have developed advanced risk management and defense tender strategies to ensure that the third party claim …
PentaRisk Insurance Services Newsletterer ‐ Volume 2 Issue 1 Announcing Owners’ Safety Dashboard App In keeping with our mantra that we help our clients be more successful, we have developed an Owners’ Safety Dashboard software application to be launched January 1, 2015. This application will provide our clients with a simple solution for tracking the …
PentaRisk Insurance Services Newsletterer ‐ Volume 1 Issue 1 On November 14, 2014, California Insurance Commissioner, Dave Jones, approved new pure premium rates for workers’ compensation insurance policies that renew on January 1, 2015 or later. Overall, the average rate increase for California classifications is 2.2%, however for the 62 construction classifications we track, the …
BY JAMES UNTIEDT & CYNTHIA JOHNSON This article first appeared in CFMA Building Profits. The cornerstone of a successful contractual risk transfer program is a uniform, consistently followed approach to subcontractor insurance compliance. Managing subcontractor risk transfer and perfecting the process of protecting the upstream party’s interests can be challenging for both contractors and subcontractors. …
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