As the construction industry is poised to make a comeback after the economic downturn, business leaders and risk managers need to be positioned to take advantage of this growth.
Michael Campo, team leader for the Lockton Construction Services Group in Kansas City participated in a free webinar entitled Capitalizing On The Construction Rebound Wednesday, May 15 at 2 p.m. ET/11 a.m. PT.
The webinar was recorded and is available digitally by registering through the link below. Learn about current and projected market conditions, key coverage trends, loss-control best practices, and ways to differentiate your risk portfolio.
Register here to listen to the free, interactive webcast hosted by Property Casualty 360, a leading industry publisher.
Statutes of repose are designed to put potential lawsuits arising from long-ago projects and design professionals worries about them to rest. Most states have a statute of repose requiring that suits arising from improvements to real property be brought within a specified number of years after completion of the work. When the government is the plaintiff, this is not necessarily the case. In this report I discuss two state court cases that demonstrated that in this instance, design professionals cannot be certain that sleeping lawsuits will remain in repose.
The results of the first nine months for the U.S. property and casualty market were recently released indicating a U.S. property and casualty market with near-record capacity, a large drop in CAT losses compared to the prior year, and a combined ratio of 102.2, down from 110.5 the prior year. While investment gains were still lacking, overall, the figures indicated that the industry’s balance sheet is strong. However, Superstorm Sandy’s effect is not included in these results.
This report shares insights from Lockton experts about the happenings in the market including pain points, overall trends, and Superstorm Sandy’s effect. Special sections on the construction industry and California are included.
Before you bid on a construction contract, knowing your insurance obligations will help you avoid unforeseen challenges. Getting into a CIP and complying with the rules is far less stressful if you ask the right questions and check the necessary details up front.
We have written a helpful guide for contractors who need to bid, enroll and participate in an Owner Controlled Insurance Program (OCIP) or Contractor Controlled Insurance Program (CCIP), also known as a wrap-up or CIP. Read it here.
Today, more so than ever, a contractor’s safety record is a critical element in the bid proposal process. In the current economy, with increasing pressures to complete projects on time and within budget, one could argue that it is the most important factor. Owners and developers need to select contractors that not only have the experience and resources to complete the project on time, but they also want a contractor that manages safety and maximizes productivity.
A contractor’s safety record is measured in various ways, but one most often used is the OSHA Incidence Rate. Looking past the fact that Incidence Rates are lagging indicators, one cannot discount the importance of these numbers when trying to secure a contract. It can mean the difference between securing the contract and sitting on the sideline.
In this report, I explain the OSHA Incidence Rate and strategies for maintaining a low incidence rate.