New Heat Illness Requirements May Take Effect May 1st: The Occupational Safety & Health Standards Board (OSHSB) recently proposed amendments to the current heat illness regulations. The new regulations are not yet in effect, as they have to be approved by the Office of Administrative Law (OAL), but they are worth discussing nonetheless. Download the …
Daily news reports continue to highlight the need for Employment Practices Liability Insurance (EPLI). The recent high profile case of Ellen Pao v. Kleiner Perkins received daily media attention. Greg Bauman, the editor in chief of the Silicon Valley Business Journal, reported on April 2, 2-15 that “Even though the verdict rejected Pao’s claims…the damage …
Employment Practices Liability Insurance Lawsuits on the Rise Read More »
The Insurance Service Office (ISO) provides standard insurance coverage forms used by most insurance companies. As updated forms are released, the older forms are taken out of publication and are generally no longer used by admitted insurance companies, as a result of their licensing agreements with ISO. In April of 2013, ISO issued several new …
The Narrowing of Coverage from Additional Insured Endorsements Read More »
BY GREG ROUSH Umbrella coverage is your best line of defense for general and auto liability catastrophes. When most businesses consider an umbrella insurance policy, they think about the premium cost and the possible benefits of the coverage. Some business owners may reach the immediate conclusion that they will never see a catastrophic loss, so …
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 …
40 Tips for Contractors to Reduce Insurance Costs Read More »
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. …
Seven Strategies to Improve Subcontractor Insurance Compliance Read More »