Below you'll find a list of all posts from April, 2023
Posted by AP Construction & Surety, AssuredPartners Every industry is susceptible to cyber security risks, and the construction industry is no exception. The construction industry is largely unregulated when it comes to cybersecurity, so many companies fail to prioritize this issue. Many believe that their company doesn’t have anything a hacker could want, when in fact they hold sensitive information …
Posted by Nancy Germond, MA, ARM, AIC, ITP, SPHR, SHRM-SCP, OldRepublicSurety Once an owner or developer selects your company for a construction project, one of your many tasks is to ensure that your workers’ compensation program meets all contractual requirements. On larger projects, construction contracts normally detail which contractor is responsible for ensuring all workers have workers’ comp coverage. Not …
Posted by AssuredPartners The price of surety bonds can vary greatly, and many people are unclear of why this is. When determining premium, surety companies are looking to determine the amount of risk there is with an applicant by considering at a variety of indicating factors. Below are some key factors that may be considered when determining bond premium. Type …
Posted by Gary Semmer, AssuredPartners A Controlled Insurance Program (CIP) is commonly known as a “wrap-up” insurance program and can take the form of an OCIP (owner sponsored) or CCIP (contactor sponsored). Traditional OCIP’s & CCIP’s can include workers’ compensation, general liability and excess liability providing coverage for the owner, general contractor, and “on-site” enrolled subcontractors. A traditional OCIP or …
