Extreme heat creates many risks in construction. It’s important to not only be aware of illnesses caused by the heat, but also be mindful of how high temperatures can cause physical and mental impairments that can lead to falls. How Does Heat Impact Construction Workers? The Centers for Disease Control and Prevention asserts that heat exposure increases the risk of…
Workers’ compensation coverage is not only required in most states but also plays a major role in connecting injured employees to the care they need to return to work as quickly and safely as possible. That’s why it’s crucial for your organization to develop an effective workers’ compensation program. Accordingly, it’s important to stay up to date on workers’ compensation…
As a Board Member for an HOA or a condominium, you have accepted a unique duty to perform on behalf of your association. It is a fiduciary duty. A fiduciary duty holds you to the highest level of responsibility. One aspect of your fiduciary duty to be concerned about is properly insured contractors working for your association. As a board…
On July 17, 2023, OSHA announced a final rule that will require certain employers in designated high-hazard industries to electronically submit additional injury and illness information than what is currently required but employers are already required to keep. The final rule will become effective on Jan. 1, 2024. Injury and Illness Submission Expansion Overview OSHA’s announcement of this final rule…
The last several years have seen the commercial property insurance market progressively harden, evidenced by ongoing rate increases over the past 22 consecutive quarters. Rates have surged by an average of 20.4% in the first quarter of 2023. Current market trends have left some insureds with above-average rate increases and lower capacity, particularly those exposed to catastrophe (CAT) perils (e.g.,…
Errors & Omissions insurance is an important yet often forgotten insurance coverage by many contractors. Almost every contractor carries some form of general liability coverage. While these policies can provide much-needed protection for bodily injury and property damage claims that occur as the result of a contractor’s work, they typically don’t account for all forms of negligence, and does not cover…
As the construction industry continues to increase its use of technology, the risks of cyberattacks also rise. According to an analysis by encryption software company Nordlocker, the construction industry had the most cases of ransomware attacks between January 2022 and January 2023. Certain aspects of the construction industry make it vulnerable to attacks, such as the older systems still in…
The data from 2022 is out and it was a “historically bad” year for car insurance carriers. For every $100 of premium collected for auto insurance, carriers paid out $111.80 in auto insurance claims. That is bad news for auto insurance rates! Nearly 1/3 of all car accidents were rear-end collisions in 2022. That is by far the most common…
On March 24, 2023, Florida Gov DeSantis signed House Bill (HB) 837, Civil Remedies, which decreases frivolous lawsuits and prevents predatory practices of trial attorneys. This legislation seeks to balance the system and safeguard the legal rights of Floridians to access the courts. House Bill 837 Overview HB 837 changes legal rights for Floridians through the following measures: Reducing the…
As electric bikes and scooters become more mainstream, there is growing concern over the risks and liability concerns in community associations with many boards enacting rules and regulations to govern the safe use and storage of e-bikes and e-scooters in their communities. A recent rash of damaging and deadly fires caused by improperly charged lithium-ion batteries on e-bikes and other…
