ContractorsInsurance No Comments

How to Deal with Unexpected Job Delays

Dealing with Unexpected Job Delays

The construction industry is fraught with peril and danger. Contractors already know the importance of proper liability insurance to protect you and your workers from accidents and injuries at the job site, but other liability and financial delays can arise when job delays happen. You do everything you can to predict how things might go wrong, but the plan always falls apart when something unexpected happens. Here are some ways you can handle unexpected job delays to keep your business going strong.

Materials and Labor Changes

Every contractor understands that on occasion materials aren’t going to make it when needed, and some materials will arrive early and clutter up the job site. Deliveries are not always as reliable as we would like, which results in the need to change up the plan. Rather than dealing with unexpected job delays as a result, always try to have a contingency ready to go. Are there other jobs that can be performed while you wait for the materials to arrive? Hand off labor as you can to keep the workflow going.

unexpected job site delays

Weather Delays

Weather is your biggest enemy, especially on an outdoor job. Even the weatherman on the local news can’t seem to get the forecast right, so you certainly can’t predict when it’s going to rain, snow or when winds are going to kick up making high altitude work unsafe. There’s little you can do to avoid weather delays, so try to build the inevitability of one or more into your overall job timetable.

Unexpected Crises

Accidents happen, as we’ve said. A disaster can occur any time as a result of workers falling from heights, equipment malfunction or accidents, or any other incident that brings work to a stop while you assess the damage and address injuries to your staff. These unexpected crises can present the biggest challenge to the job site and work time frame. Do what you can to account for their possibility and understand that it’s better to complete a job ahead of schedule than behind schedule!

Free Commercial Contractors Insurance Quote

Minimizing Delays

Once you begin work, apply strategies to minimize unexpected issues that will cause delays. Make sure that you have strong security and organizational oversight on site to avoid materials being stolen or misplaced. Make sure that your people are experienced professionals — on-site training is one of the biggest causes of work delays. Make sure that you have all the right permits, proper site access, safety standards and all legal issues related to the job well covered.

Keep in constant communication with your workers. Inspect the site regularly, understand the impact of union contracts and keep a close eye on all costs and inventory. The more open and frequent your communications, the better you will be able to spot potential delays.

Of course, having the right contractors insurance is necessary to deal with unexpected job delays when they do occur. If you fall too behind schedule and have to deal with accidents, injuries or loss, the right insurance will mitigate those problems.

Contractors Insurance No Comments

Tips for Lowering Insurance Costs

Carrying contractors insurance is a necessity, but it does not have to be an expensive one. In these days where budgets are tight and people are looking to cut costs wherever they can, insurance premiums can be an excellent place to start “trimming the fat.”

Many policyholders are paying for coverage they do not need, or they have not taken the time to ensure that they are getting the best deal possible. Here are some aspects you can look at for opportunities to make your premiums cheaper: Read more

Contractors Insurance No Comments

Mistakes to Avoid when Buying Contractors Insurance

Running a contracting business is a complicated game. Your entire life revolves around safety, security and risk management as much as it does construction and property improvement. Lawsuits are a fact of life in today’s litigious climate, and knowing what kinds of insurance to buy can make or break your business. It is very easy to make critical errors when setting up your policy. Here are several mistakes to avoid when shopping for a contractors insurance policy.

Read more

Contractors Insurance No Comments

Electrical Contractors Insurance – Protecting You From Unnecessary Shocks

For a while, one of my family members was an electrical contractor. You might ask, why only for a while (after all, it pays fairly well)? Well, because there’s apparently nothing more terrifying then standing next to a live wire that is conducting over 100 volts (which is more than enough to cause you serious damage). There is equipment designed to protect you from harm but, there are times where equipment is forgotten or malfunctions which can leave you in a very vulnerable position. To avoid being placed in such a vulnerable position you may want to consider acquiring electrical contractors insurance. It will protect you from lawsuits, property damage, injury and so much more. Here’s what you need to know.

Electrical Contractors Insurance – Who Needs It?

It might be surprising but this policy isn’t just for electrician’s. Electrical contractors insurance (at least the basic kind) is for all contractors who work in the electrical trade. So, whether you’re an HVAC specialist or a construction company involved in the electrical trade you’re going to need some kind of electricians insurance. The extent of your coverage will depend on your contract, local rules and regulations and state laws so be sure to brush up on those before you meet with your insurance provider. Although, if you need help we’re sure they won’t hesitate to lend you a helping hand.

What Policies are Included Under an Electrical Contractors Insurance Policy?

At this point, you might be wondering why there are multiple policies tied in under your electrical contractors insurance policy. Wasn’t the point of electrician’s insurance that you would only have to pay for one all encompassing policy? Unfortunately, the insurance industry doesn’t work that way and the diversity of the coverage involved depends on the type of work (and risk) associated with that individual electrical contractor. Fortunately, that means this policy is fairly flexible if you choose the right provider (though there are mainstays like workers compensation and general liability insurance).

The right provider will ensure that your policy is specific to your needs, fits within your budget and does not include unnecessary coverage. Insurance should be flexible, not rigid because contractors are a very diverse group of professionals (and your insurance should reflect that). If you have any further questions please feel free to contact us at 1-800-649-9094. We look forward to hearing from you!

Contractors Insurance No Comments

What Are All Of These Limits on My General Liability Policy?

If you are having problems understanding the limits on your general liability policy, don’t worry, you’re not alone. We have had plenty of people walk into our offices with no idea as to what their limits actually were. So, to prevent further confusion we decided we would break down a few of those limits for you. But first! A brief description of what commercial general liability policy limits you should be aware of.

When one looks at the declarations page of a commercial general liability policy (CGL) , one normally sees six different limits of insurance listed.  It’s not uncommon for the holder of such a policy to be confused about how much coverage he actually has. Listed below are the six different limits.

The 6 Limits on a Commercial General Liability Policy

  1. Medical Expense Limit

A commercial general liability policy will (most of the time) include Medical Payments Coverage.  This coverage pays the medical expenses of many non-employees injured on the Named Insured’s premises or during the Named Insured’s operations.  Coverage applies whether or not the Named Insured is at fault for the injury.  The limit applies per injured person, and is often $5,000 or $10,000, although some companies include higher limits.

  1. Damage to Premises Rented to You Limit

This limit is sometimes referred to by its former name, Fire Damage Legal Liability Limit.  It is the most that will be paid for covered damage to a premises rented by an insured.  For all but the shortest rentals (7 days or less), coverage applies only to damage by fire.  Limits of $100,000 are common, although some companies include higher limits.

  1. Each Occurrence Limit

This is, for most purposes, the most important limit on the policy.  It is the most that will be paid for one occurrence of bodily injury or property damage, in other words, one accident.  The limit is shared by all Insureds involved in the loss, and applies regardless of the number of people injured or bringing suit.  If the claim also involves Medical Payments or Damage to Premises Rented to You coverage, those limits are part of the Each Occurrence limit, not paid in addition to it. Most insurers offer limits up to $1,000,000, although $2,000,000 policies are becoming more common.

  1. Personal and Advertising Injury Limit

This limit is the most that will be paid under the Personal and Advertising Injury Coverage for damages sustained by one person or organization.  This coverage applies to such offenses as libel and slander and is commonly written with a limit equal to the Each Occurrence limit.

  1. General Aggregate

This limit is the most that will be paid annually for all claims other than Products and Completed Operations claims.  Often the General Aggregate limit is written at two times the Each Occurrence limit.   In addition, it is not uncommon and is highly recommended to add an endorsement to the policy that provides for a separate General Aggregate for each covered location or for each project being worked on.

  1. Products-Completed Operations Aggregate

This limit is the most that will be paid annually for bodily injury and property damage claims that involve Products Liability or Completed Operations Liability. As was the case with the General Aggregate, this limit is often written at two times the Each Occurrence limit.

Understanding how the six commercial general liability limits apply is key in determining whether adequate protection is available for a covered loss.

Free General Liability Insurance Quote