The Internet is an informational super-highway, tethered to how business is conducted. But like any heavily-traveled road, it can also be a place fraught with danger. Just when companies think all is well and are cruising along without a worry, with anti-virus seatbelts securely fastened, they suddenly get slammed by a big rig with the words “Cyber Fraud” on the side. Continue »
Prevailing business wisdom holds that the way to reduce credit risk is to limit credit lines, be stingy in allowing credit and freeze orders on past due accounts. This line of thought posits that it is generally impossible to lower “bad debt” losses without adverse consequences to sales and business expansion. Read The Full Story »
Cyber-phishing has cost companies hundreds of thousands of dollars-and not just by targeting individuals’ credit cards. Other schemes continue to defraud companies at an alarming rate. Continue »
Businesses worldwide lose five percent of revenue each year due to occupational fraud committed by their very own employees, according to the Association of Certified Fraud Examiners’ Global Fraud Study for 2016. Continue »
Construction site security is a major challenge for many businesses. The lack of proper jobsite security can lead to a wide variety of property losses, which cost the insurance and construction industries approximately $1 billion annually. Continue »
In the “here today, gone tomorrow” society of rapid-fire change, employees are the foundational bricks necessary for building a long-lasting, consistent commitment to safety. Continue »
When most teams embark on a new construction project, one of the first considerations is usually not insurance. Some view insurance as a necessary evil; others view insurance as a critical piece of their comprehensive plan to manage and allocate risk. Continue »
Certain industries, like construction, have a more hazardous risk profile than others. Yet entrepreneurs work in these industries because of their passion for the trade and the notion that with greater risk comes the opportunity for greater reward. Continue »
For construction supervisors, managing risk comes with the territory. In some instances, the risk associated with project delays and liquidated damages may make some supervisors or construction managers skimp on safety training. Continue »
Whether it be hurricanes, typhoons, cyclones or another type of windstorm – contractors never know when they’ll hit. When the worst happens, small business owners can be in a world of hurt. Continue »
What if someone walked onto a construction job site, through any number of access points, and no one questioned his presence on the site? Unfortunately, this happens frequently on many construction sites. Continue »
Construction Executive asked top executives at leading sureties and insurance companies specializing in construction for advice and insights on:
- What do contractors need to know about additional insured coverage when obtaining insurance?
- If there is a burst of construction activity under the Trump administration, what advice can you offer to contractors that might overextend?
- What insights can you offer as the practice of contractors purchasing surety bonds directly becomes more common?
- What are the benefits of the surety bonding prequalification process and how can contractors prepare for it?
In 1971 Disney World opened and the 26th Amendment lowered the voting age to 18. Also in 1971, the U.S. Department of Labor set standards to limit worker exposure to silica and the Occupational Safety and Health Administration (OSHA) was established. Continue »