In the realm of construction, the question often arises: Can you secure a worker’s compensation policy without having any payroll? The short answer is yes, and this blog post will delve into the reasons behind this and why it’s a…
Effective risk management is the backbone of success in the construction industry. However, it’s vital to understand that not all construction projects are created equal. Each project comes with its unique set of challenges and risks, which necessitates a customized…
Introduction In the world of construction, every project comes with inherent risks. Contractors, however, can take proactive steps to mitigate these risks and protect their businesses. While many insurance brokers excel at policy placement, understanding the difference between them and…
In today’s post, we’ll delve into the importance of conducting a thorough worker’s compensation assessment, or analysis, and why it can be crucial for your business’s financial health. What is WCIRB and Why It Matters For those unfamiliar with the…
Hi there! Today, I’d like to shed some light on a topic that often goes unnoticed but holds immense importance in the construction world: the value of collaborating with a professional broker who specializes in construction. Why A Construction-Specific Broker?…
Introduction A common inquiry I’ve come across throughout the years concerns the choice between setting up a construction company as an LLC or as a corporation. The distinction between the two is crucial, and I’d like to provide clarity on…
Skyrocketing Audit Bills One of the significant concerns surrounding workers’ comp insurance is the potential for escalating audit bills. With the number of intricate details and requirements involved, companies can find themselves facing exorbitant charges swiftly. A Startling Statistic It…
The construction industry is laden with complexities, particularly when it comes to insurance. You might think insurance is solely about keeping premiums low, but the value of working with an adept broker specialized in construction offers much more. Navigating Certificate…
In the realm of construction, determining the right entity to buy builders risk insurance can be a maze. Should the responsibility fall on the homeowner or the contractor? After in-depth research and legal consultations, I’ve distilled some vital insights on…
The Misconception about Claims Many companies often make the mistake of looking at a claim in isolation. For instance, if a company had to pay out $150,000 on a claim, they might think that’s the end of it. But that’s…
