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 …
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 …
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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