Category Archives: Property & Casualty

Ohio State Fund Employers: Important August 15th Deadline

The Bureau of Workers’ Compensation (BWC) moved to a form of billing where employers pay their premiums upfront, rather than after a coverage period. This transition will lower base charges, give employers more accommodating payment choices, and allow employers to better predict their workers’ compensation costs. The BWC provided private and public employers with a […]

Lowering the Risk of Subcontractor Defaults

In 2016, U.S. construction starts are estimated to grow at least 6% to $712 billion. This comes after increases of 9% in 2014 and 13% in 2015. There is enough work, more than an industry can handle, which is why it is not expected to slow down any time soon. However, general contractors must watch out […]

Flood Damage to Outdoor Events

With the arrival of summer and the vacation season upon us, you may have spent less time than normal this past week in front of the TV.  If you happened to catch some news, you were most likely bombarded with the “Brexit” or the U.S. presidential campaign.  Many failed to catch news of the devastating […]

Leveraging a Captive Insurance Company

Captive insurance companies are quickly growing as an effective alternative strategy for contractors of all sizes to achieve their financial and risk management objectives.  Captives are essentially a form of self-insurance whereby the insurer is wholly owned by the insured.  As a high-risk industry, the construction industry is now leveraging captives more often than in […]

Construction Industry Challenges Part 2 of 3: Retaining Talent

Every industry faces its own set of unique struggles, and despite the recent economic improvement, the construction industry still has its challenges. In our first-part of the three-part blog series, we discussed the challenge of attracting talent. Another issue we face is retaining talent. It is vital to re-recruit those who are currently with your […]

5 Knowns about Commercial Insurance

On behalf of a customer, reading, understanding and structuring insurance coverage to tailor it to a specific client’s needs proves to be a crucial part of the service that a commercial coverage insurance agent performs. The first step in this process is reading the policy. It is easy to get lost in the language of […]

OSHA Slashes Exposure Limit for Silica

To save hundreds of lives per year, the federal Occupational Safety and Health Administration (OSHA) announced a new rule to diminish the exposure to silica in the work environment, lowering it by 80% in the construction industry and 50% in the general industry. This regulation will be put in place on June 23, 2016. Construction […]

Construction Industry Challenges Part 1 of 3: Attracting Talent

Every industry faces its own set of unique struggles and despite the recent economic improvement, the construction industry still has its challenges. In a three-part blog series, we will discuss some of those challenges and provide tips to help address them. One issue we are currently experiencing is recruiting qualified, skilled workers. Employees are one […]

The Unforeseen is Seen

“You buy insurance for that unforeseen loss” is a statement that we have heard often over the years to describe why insurance is needed. Realistically though, types of losses that can happen to clients are actually seen, and often expected, by insurance companies and agents.  It is when the loss will happen, and to whom, […]

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