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 […]
Project delays. Construction defect claims. Mold. Pollution. These are just a few of the impacts of water intrusion that threaten general contractors. Water intrusion occurrences in commercial construction have increased over the last decade, rivaling fire incidents in both frequency and cost. Fortunately, the construction technology industry has risen to the challenge, creating new water intrusion technology products […]
At first glance, mold may seem unassuming but for commercial property owners, mold can be a highly problematic hazard that presents significant environmental risk. Although frequently associated with the aftermath of natural disasters, mold is much more likely to result from routine maintenance issues such as leaky pipes or HVAC malfunctions. Taking a proactive approach […]
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 […]
National E&S Insurance Brokers®, a California-based wholesale broker specializing in all environmental and construction insurance lines, announces an exclusive Covid-19 cleanup program with CapSpecialty®, a leading provider of specialty insurance for small to mid-sized businesses in the U.S. This program aims to provide affirmative pollution coverage for contractors doing commercial Covid-19 clean up and remediation […]
Pandemic Creates A Brand New Insurance Market For Agents And Brokers Your exclusive invitation from Ross Driscoll Jr. to unlock a new revenue stream for your clients, make sure they are properly covered with anything COVID-19 related, and reduce your own E&O risk with our exclusive… COVID CLEANING COVERAGE (C.C.C.) https://youtu.be/Q4nD3puy_Xo From the beginning of […]
By Ross Driscoll Sr., CIC, CR Originally Published in C&R Magazine, Quarter 3, 2019 If you are a restoration contractor, every day you are taking on risk for other people’s property, even if you are not taking it to your facility. Bailees provides coverage for the care, custody and control of other people’s property in […]
A handbook for contractors, property managers and maintenance personnel working in homes and child-occupied facilities built before 1978. Who Should Read this Handbook? Anyone who owns or manages housing or child-occupied facilities built before 1978. Contractors who perform activities that disturb painted surfaces in homes and child-occupied facilities built before 1978 (including certain repairs and […]
