Covering Your Construction Business Insurance Needs

No matter the size of your business, as the owner of a construction company you’re aware of the hazards associated with your operations. Not only do crew members work with potentially dangerous equipment, but they also perform in work zones that require specialized equipment and training for safety, including fall protection and gear for working in confined spaces among others. In addition to the various insurance coverage that most businesses require, your clients require you to have construction business insurance that covers claims as a result of the projects you deliver.

What Coverages Do I Need?

Contractors and construction companies need to consider standard business policies as well as protections that relate to their unique work environments, deliverables and business contracts. Consider every aspect of your operations when weighing construction business coverages:

  • General Liability – Third-party injuries or damages at the office
  • Professional Liability – Claims for negligence or from work product/deliverables
  • Property Insurance – Losses and damages to property and other assets
  • Workers’ Compensation – Employee injury protection
  • Employment Practices – Protection from employee lawsuits
  • Commercial Auto – Coverage for work-related use of vehicles

Your company may need other types of coverage for equipment breakdown, risk for facilities under construction and pollution liability, among others.

Is There Anything Else?

It’s important to work with an insurance provider that can provide all the coverages needed. Damages from an uncovered loss can take your entire company out. Umbrella policies and business income policies are also recommended just to make sure you’ve checked all the boxes.

Types of Sanitation Company Insurance

Sanitation is an essential part of today’s society. Whether it’s permanent or portable sanitation, making sure the companies who provide these necessary services are protected is beneficial both for the companies and the community. Knowing what kind of sanitation company insurance is available can get your company on the right path to ensuring the safety of yourself, employees, and residents.

General Liability

The most common form of insurance is general liability. This protects companies from claims or lawsuits over accidents you might be liable for. If someone gets injured on your property or using one of your services, you are protected under this insurance.

Property Insurance

This insurance prevents you from paying for any damage that occurs on your property out of pocket. Any weather-related damage can be covered under this type. In some cases, vandalism and theft are also covered under this policy, though you can take out coverage for those specifically. This is a good idea if you have a lot of expensive equipment stored on site.

Workers Compensation Insurance

Workers’ compensation insurance may be legally required in your state. If not, it is still a good idea to get it. In the event of an injury on the job, an employee can get their expenses covered without suing you.

Covering all your bases with the right insurance policies is vital in today’s business. Not having coverage risks financial downfall in the future.

How the United States Long shore and Harbor Workers Compensation Act Protects Employees

Maritime work can be difficult, and many tasks require skill and training. Injuries that occur may not be covered by standard insurance programs because of their nature or where the work is performed. To understand how you can protect both your business and workers, you should conduct research into the United States Long shore and Harbor Workers Compensation Act (USL&H).

What Is the USL&H?

The USL&H is a federal law that is designed to cover gaps in protections for employees performing work on open water. Basically, it serves to protect maritime workers who perform tasks on the navigable waters of the United States. It also covers work performed in adjoining areas like docks or terminals. Companies with marine employees must carry coverage to comply with the United States Long shore and Harbor Workers Compensation Act. Failure to do so can result in a penalty of up to $10,000 or possibly imprisonment.

What Benefits Does It Provide?

When an injury to a worker happens on navigable waters, they are covered by the USL&H. Costs associated with medical care, rehabilitation services and lost wages can be compensated. It also has provisions for survivor benefits to be paid if an injury results in the death of a worker.

Having appropriate insurance coverage can help you avoid costs associated with medical care and fines. At the same time, it can ensure that your workers receive the care and wage replacement they are entitled to in the event of an injury.

Understanding the Ins and Outs of Planned Unit Development Coverages

Investing in multifamily properties can be a great way to see a decent profit on your future. Planned units are a popular option these days and finding the perfect luxury community to invest in can help you reach new levels with your endeavors as an entrepreneur. Of course, this journey is not without many obstacles. With this type of arrangement, the units are owned by both the renters and the individual who owns the community. The property managers, however, are responsible for taking out a comprehensive insurance package that covers the residents and their needs.

Who Insures What?

An interesting point to understand about planned unit development coverages is that some costs are covered by the residents themselves. Typically, these packages will take care of individual insurance needs and coverage for the unit. As the property manager, you’ll need to focus more on the paperwork and other administrative errors that can occur. E&O insurance helps to protect you when important info is omitted from an official document. This type of protection will also protect the business owner from any allegations of negligence. Additional points to keep in mind when exploring your insurance options include:

Protect Your Investments

While purchasing real estate can be an amazing way to take advantage of exciting financial opportunities for your future, you need to make sure you are taking the time to go about the process in the right way. Look over your options and discover comprehensive protection.

Workers Compensation When Outsourcing HR Functions

If your company has started discussions on the option of outsourcing human resources and related tasks, then there are two choices available. One utilizes a model called a Professional Employer Organization (PEO), and the other falls under an Administrative Services Organization (ASO). Both of these can free up company resources and provide dedicated HR responsibilities such as benefits, payroll and hiring. However, there are some key differences that may factor into the decision process.

Defining Co-Employment

With a PEO, the company enters into an agreement that essentially binds the two entities together under what is known as co-employment. This arrangement allows the PEO to take on more risk and responsibility. Under an ASO, the company is still considered the employer of record.

Workers Compensation Under ASO

Because of the differences regarding the co-employment structure, ASO workers comp insurance functions differently as well. When using an ASO the coverage is still provided by the company. As explained by, this presents a distinctive opportunity when it comes to worker’s compensation. Premiums can be paid out during smaller timeframes such as a payroll period or a single month. There are no annual estimates or audits needed to make adjustments. This can provide greater flexibility and require fewer upfront costs than the traditional market method.

Having Proper Coverage for Home Healthcare Agencies

Home healthcare agencies that provide services to individuals within their home need to have home healthcare insurance. Here are a few reasons why this keeps both the workers and the individuals who use the services safely.

Home Healthcare Coverage Protects Workers

Workers who visit client homes to provide services could run into an incident that causes them injury. By having home health insurance, the company can provide worker’s compensation to the home healthcare worker. This can save the company money rather than paying out of pocket, according to

The Right Coverage Keeps the Agency From Losing Money

A home healthcare agency could get sued by a family if a worker is being accused of abuse or some other problem. Not having insurance coverage means the agency would have to pay out of pocket, and depending on how much the lawsuit is for, this could cost a lot of money. Having coverage offers a form of protection and can keep the agency in the business, rather than being forced to shut down.
Home healthcare insurance is important for any company that specializes in helping clients in their homes. It can protect the company against loss of money related to worker’s compensation and can help the company stay protected financially if someone tries to sue them.

Job-Related Injuries and Coverage for Potential Hazards

Nursing homes provide comfortable quarters to residents in an attempt to help them transition from their homes to a facility that offers many exciting lifestyle opportunities. It is the job of the employees to make sure that residents are treated well, given proper treatment for any ailments, and to always feel safe, knowing that the people assigned to work with and watch over them are both caring and qualified.

Healthcare workers generally seek a position in a nursing home because they like being given the chance to enrich the lives of others. They are quite aware that the job may require long hours, and they need to be strong enough to assist patients with daily rituals, a task that can be physically draining and even lead to injuries. Because their employees face unique risks on the job regarding their personal safety and health, owners carry workers compensation insurance to address work-related injuries.

The risk of injury is a daily concern

It’s known that nursing home attendants have a higher rate of injuries than a lot of other professions due to the strenuous nature of the work they perform. Staff members are exposed to a variety of potentially serious hazards including overexertion and stress, unhygienic conditions, bloodborne pathogens, possible needle sticks and even latex sensitivity.

Healthcare workers may also encounter many different unpredictable hazards, anything from tripping or falling over objects or articles left in walkways, chemicals or other toxins associated with the operations of the facility, and injuries from sharp or heavy objects.

The list of concerns is long, and any time away from work to heal or recover from injury can be an added burden to the employer. This makes filing claims, getting medical attention, and taking steps towards a speedy recovery essential, especially for the mental health of the victim.

The rate of turnover can be very high among healthcare workers, and attracting workers and retaining employees is a high priority for most healthcare agencies, which means that providing a healthy workplace in a low-stress environment is an important part of any retention strategy. Industry leaders have the expertise to provide the best workers compensation packages on the market today. Make sure that your client receives the best information about the types of coverage essential to their success.