Why Captives are an Attractive Option for Construction Companies with Strong Safety Records

You are in the business of saving lives and limbs. You are among the safest construction companies around. Why should you share in the risk of companies that are not as safety conscious as you are? That was one of the key messages delivered by a consultant from Captive Resources, who spoke with 35 contractors …

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Avoid Toxic Situations with Pollution Liability Insurance

As you bid on jobs, you may have noticed that Pollution Liability insurance is increasingly becoming a contractual requirement. That’s because environmental claims have increased dramatically in recent years. Climate change has raised public awareness about the impact of pollution, leading to new federal, state and local ‘brownfield’ initiatives and tax advantages for companies that …

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Maximize Your Protection with an Umbrella Policy

Umbrella insurance protects businesses from catastrophic losses by providing increased limits of liability for General Liability, Commercial Auto Liability, and the Employer’s Liability section of your Worker’s Compensation policy. It sits “over” these policies, picking up when the limits of each are exhausted.  Usually, the Umbrella policy provides the same type of coverage as these …

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MRG Encourages Girls to Consider Construction Careers

People don’t talk about the trades enough, especially for women. That’s one of the reasons I’m a member of the National Association of Women in Construction (NAWIC) Philadelphia Chapter. There are terrific career opportunities for females who aren’t college bound, and construction offers many of them. These types of opportunities were not discussed with me …

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First Things First: Contractor’s General Liability Insurance 

Commercial General Liability (CGL) insurance is a must for contractors. It protects your business from financial loss for bodily injury (somebody you hurt) or property damage (something you damage). It also covers harm you cause to the reputation of others. CGL policies allow your firm to continue operating as usual when faced with both real …

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Commercial Property Insurance: Choosing the Right Fit for Your Construction Business

As the name implies, commercial property insurance protects your company’s physical assets—your buildings and their contents—from perils such as fire, storms, theft and vandalism.  This is true whether the property is owned or leased.  What assets are usually covered?  In addition to your building and its contents such as inventory and machinery, a property policy …

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I’m a Contractor. Why Do I Need Inland Marine Insurance?

Inland Marine insurance? What does that have to do with the construction business? Don’t let the name distract you. Inland Marine insurance is for coverage of equipment loss and damage, which can stop a job right in its tracks.  In an industry where vandalism, theft, and damage from weather events leads to billions of dollars …

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