The construction industry is filled with hazards that can result in injuries or death and increase Contractor Insurance costs. According to the Texas Department of Insurance, 20% of fatal work injuries in the U.S. in 2021 occurred in the construction industry, and 37% of construction deaths in 2021 were caused by falls. OSHA also found that roofing falls are the leading cause of roofing injuries and fatalities, accounting for about one-third of all fatal falls in construction between 1992 and 2005. Therefore, if you own a roofing company or ever work on roofs, understanding its unique hazards ..read more

Most property owners understand the importance of protecting their property with adequate insurance. If you're looking for insurance to protect the home you and your family live in, homeowners insurance is probably the answer. However, if you rent out a room in your house, have a vacation home you rent out when you aren't using it, or rent your home out occasionally (for special events), homeowners insurance may not be adequate. And if you own a rental property with tenants, homeowner insurance is definitely not enough. Historical data shows that tenant-occupied properties pose more risk than ..read more

In Pennsylvania, almost every employer is required to carry Workers' Compensation (WC) Insurance for their employers. WC is a type of small business insurance that covers employees for work-related injuries. A typical Workers Comp policy pays lost wages and medical expenses incurred due to a work-related accident while also protecting the employer against accident-related lawsuits. According to Forbes, the average cost per $100 in payroll in 2020 was $1.19. Most businesses need this crucial insurance to obey the law and to help protect their business and employees. While most employees ar ..read more

In a perfect world, every construction or renovation project would go exactly as planned with the expected results. Unfortunately, that rarely happens. Sometimes, design plans are flawed, work is done incorrectly, or materials are defective, resulting in construction defects that you, as a contractor or subcontractor, may be held liable for. Contractor insurance helps protect you and your business from lawsuits, including those caused by construction defects. What are Construction Defects? A construction defect is when part or all of a construction project fails to comply with and deliver ever ..read more

Commercial Truck Insurance is crucial for protecting yourself and your business. Unfortunately, common truck insurance myths may be costing your business big time. 5 Common Commercial Truck Insurance Myths 1. There's Nothing You Can Do to Lower Truck Insurance Premiums  This is not true. Insurance premiums are based on risk. Lower your risk, and you lower your insurance premiums. There are many ways to reduce your risk, such as hiring safer and more experienced drivers, providing safety training, properly maintaining your vehicles, and conducting pre-and post-trip inspections. Other ways ..read more

Regarding Workers' Compensation (WC) Insurance, ignorance is definitely not bliss. In fact, ignorance can cost your company a lot of money when it comes to WC claims. Therefore, the more you understand medical terminology, the better you'll be able to control Workers' Compensation costs. Two terms you may see physicians use in a WC claim are "aggravation" and "exacerbation." Sometimes, the terms are used interchangeably, but there is a subtle difference in the definition of each. Both describe the worsening of an existing medical condition. Aggravation Vs. Exacerbation The difference is that E ..read more

If you want to lower the cost of Contractors' Insurance and other costs, lower the number of accidents and resulting insurance claims by creating a safer work environment. This is particularly true in the construction industry, filled with hazards – moving vehicles, sharp tools, working at great heights, etc. According to the U.S. Department of Labor, in 2021, nearly one in five workplace deaths occurred in the construction industry.  OSHA's Fatal Four – falls, struck-by, caught-in/between, and electrocutions - are the top four causes of construction fatalities. Being struck by vehicles ..read more

Many new real estate investors assume homeowners' insurance will cover any damage or liability associated with their rental property. However, if you are not the resident of a property and instead rent it out to someone else – whether it's for a week or several years – you need Landlord Insurance, not Homeowner's Insurance, to protect yourself and your assets. Why? Insurance is all about risk, and renting out your property to someone else increases risk. Therefore, if something happens to a rental property or someone is injured on the property, homeowner's insurance will not cover you. Further ..read more

Keeping commercial truck drivers healthy and safe is a win for everyone. It minimizes the risk of driver injuries and fatalities, lowers the risk of damage to trucks and cargo, decreases driver turnover, reduces Truck Insurance and other costs, and creates safer roads for everyone. “In 2021, 5,700 large trucks were involved in a fatal crash, an 18% increase from 2020 and a 49% increase in the last 10 years,” according to the National Safety Council (NSC). “Also in 2021, 117,300 large trucks were involved in crashes resulting in an injury, a 12% increase from 2020. Since 2016, the number o ..read more

Workers' Compensation (WC) Insurance pays for medical costs and lost wages for work-related injuries and deaths. For example, if someone falls and is injured on the job, is exposed to dangerous chemicals at work, or is injured by faulty machinery while working, they will – in all probability - be covered by WC. But what about workers who are injured or killed by workplace violence? What is PA Workers' Compensation Insurance? PA Workers' Compensation is a no-fault insurance most employers are required to carry in Pennsylvania. "The workers' compensation system protects employees and employers ..read more