Spring has sprung and with that the building season is in full swing! Though, come to think of it, when hasn’t building been in full swing as of late? With all these buildings going into the ground and sprouting out of it, it makes me think of builder’s risk insurance.
A few weeks back my daughter treated me to tickets for an Anderson East concert at the Majestic Theatre in Madison, WI. (By the way, he puts on a great show.) During the second set, he covered one of my favorite old tunes by Sam & Dave, “Hold On, I’m Coming.” He then immediately transitioned..
Almost all businesses enter into numerous contractual agreements each year. These agreements are often given the same cursory review as an iTunes Agreement. Failure to closely scrutinize the details of these agreements can adversely impact the business’s total cost of risk in the event of a..
Beware of the qualified opinion letter! With accounting revenue recognition standards changing for work under contract, consider your credit relationships when you decide whether or not to change your accounting method to Generally Accepted Accounting Principles (GAAP).
The old saying goes, “a carpenter is only as good as his tools”. If that saying is true, the tools of any skilled tradesman would be the most valuable asset they own. Try to picture a carpenter working without a hammer, a plumber without a wrench, or an excavating contractor without a..
More and more contractors are understanding the importance and necessity of Professional Liability insurance. While the coverage afforded by Professional Liability policies depends on the carrier, one thing that is constant, and often overlooked, is that the coverage trigger on a Professional..
It is that time of year in the Construction world: time to hold annual Safety Meetings. Prior to the spring start-up it is a great idea, and best practice, to get your team together and start the year off on the right foot. Use this time to roll out any new policies and procedures you will be..
Most construction related businesses understand the need for General Liability or Worker’s Compensation insurance and have a basic working knowledge those coverages. However, many business owners may not look closely at some of the exclusions or special nuances of those insurance policies. In..
I just got back from our local Associated General Contractors (AGC) winter membership meeting and would like to share some thoughts. Bob Barker and our local AGC team lined up two excellent presenters. The latter speaker, Ryan Howsom, focused his presentation around a survey commissioned by..