Construction Insurance Blog
Getting Your General Contractor (GC) — What Does The Job Entail?
Any construction project relies on a number of talented, hard-working people in order to come to fruition (especially within budget and schedule). One of the key drivers of success for any job is the right general contractor. Those in the construction industry are well aware that the general contractor (GC) can make or break a …
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The Ins and Outs of Certificates of Insurance
A certificate of insurance (COI) is a document that provides evidence of insurance coverage. It is a routine request by project owners to ensure that a contractor has adequate insurance coverage when bidding on a job and before hiring. It’s also requested by general contractors (GCs) who want proof of insurance from subcontractors (electricians, roofers, …
How Facebook Marketing Can Benefit Your Construction Business
As a contractor or head of a construction business, much of your work likely takes place on location or at the office – overseeing job sites or conducting meetings with clients. But while you may be used to having your boots on the ground (literally), it’s just as important to maintain a virtual presence in …
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Market Update: HVAC
The U.S. HVAC (heating, ventilation and air conditioning) market was valued at $17.15 billion in 2022 and is expected to grow at a CAGR of 5.6% from 2022 to 2030, according to Research and Markets. In addition, by 2030, the HVAC industry will experience an 8% increase in job growth. Extreme climate conditions, infrastructure developments, …
Market Outlook: Electricians
Electrical contractors play a significant role in the construction industry and the broader economy in the United States, employing thousands of people and generating billions of dollars each year. They provide critical services that allow modern society to function, such as designing, installing, and maintaining electrical systems that power homes, businesses, and communities. The electrical …
What Is a Contractor License Bond, and Why Is it Needed?
Contractor license bonds are a crucial aspect of the construction industry, as they are a legal contract that can have serious financial ramifications if not taken seriously. What Is a Contractor License Bond? First, let’s discuss the basics. What is a contractor license bond? It is a type of surety bond that demonstrates the professional’s …
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What Is an Ex-Mod in Workers’ Compensation?
Employees who are injured on the job or get certain work-related illnesses are generally covered by Workers’ Compensation insurance, which is mandated in nearly every state. Workers’ Comp pays for medical bills, rehabilitation costs, a portion of lost wages, and/or even partial or permanent physical impairment. Premiums for Workers’ Comp insurance are calculated according to …
5 Construction Job-Site Safety Tips Following a Disaster
Attention all contractors and construction professionals: We know construction sites can be dangerous, and disasters-whether they be extreme weather or faulty machinery-can be unpredictable. Based on OSHA recommendations, from developing emergency preparedness checklists, to training employees, implementing severe weather plans, and more, read on for five job-site safety tips for mitigating damages caused by a …
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Market Outlook: Carpentry Industry
There are nearly 670,000 carpenters employed in the United States, according to the U.S. Bureau of Labor Statistics. Carpenters are creative, detail-oriented, and highly skilled at what they do, working indoors and outdoors. Whether it’s performing small repair jobs, framing buildings, installing walls, floors, and doorframes, doing home renovations with upgrades, room extensions, and additions, …
