While experts continue to present a bleak image of an imminent recession, businesses throughout the nation are faced with uncertainty and difficult decisions. “We’ve never experienced inflation, recession, pandemic, supply chain issues, social inflation, and labor shortage — all converging at the same time,” notes Matthew Moore, executive vice president and president of underwriting for […]
In today’s construction market, there’s little doubt that technology holds transformative power. Not only have new technological advancements led to greater efficiency in day-to-day operations, but they’ve also created new opportunities for companies to gain a competitive edge and focus on strategic growth. There are several ways technology is making positive impacts on key priorities […]
As their commercial applications take off, drones are being more frequently deployed on construction sites as the “eyes in the sky” that can deliver everything from 3-D imaging and progress inspections to site mapping and surveys. Recent data shows just how indispensable these tools are becoming. Sparked by relatively low cost, safety, and ease of […]
Wearable technology (also known as wearables) has much promise for helping drive greater health, safety, and productivity in the workplace. A variety of industries, including the construction, warehouse, and manufacturing sectors, are exploring these solutions, from fitness trackers to “smart” clothing and accessories with embedded sensors, to enhance operations. In fact, the global market for […]
An often forgotten utility Electrical distribution can often go forgotten, leading to lax or inconsistent maintenance and inspection. When electrical equipment fails it often leads to high equipment replacement costs, lengthy downtimes, and interruption in production or operations. One form of maintenance that can provide a huge benefit, with limited interruption in operation, is infrared […]
The problem with carbon monoxide Carbon monoxide (CO) has no odor, color, or taste, making it a silent killer. Dangerous concentrations of CO can build indoors unbeknownst to personnel until they become ill. More alarming, personnel usually dismiss early symptoms of CO poisoning because they are like the flu. Couple flu-like symptoms with the COVID-19 […]
Are your organization’s property values up to date with current pricing models? While a minority of businesses “have done a great job keeping their valuations up to pace,” according to Gregg Cunningham, executive vice president of Property & Marine at Liberty Mutual Insurance, “on average, 75 percent of our commercial insureds are under-valued.” If property […]
It’s an unfortunate truth: few building owners and general contractors have managed to remain untouched by the impact of construction defect claims – despite continually striving to deliver quality projects safely, on time, and within budget. In fact, 75 percent of construction industry players participating in a, large-scale risk study by Dodge Data & Analytics reported experiencing […]
By Ross Driscoll Jr. Originally Published in C&R Magazine, May/June, 2022 The environmental insurance landscape for restoration contractors is constantly evolving. Whether carriers are updating policy forms, increasing rates, becoming more restrictive, or increasing underwriting standards, the one thing that is always constant is change. Over the past two years, I have seen more carriers […]
By Ross Driscoll Jr. Originally Published in C&R Magazine, March/April, 2022 Business owners seem to be waking up and seeing the need for better cybersecurity. Cyber liability is still relatively new compared to the rest of the insurance marketplace. I estimate that less than 10% of the restoration industry purchases cyber liability coverage. This is […]
