NYS 2024 Workers’ Compensation Updates
There have been significant changes applicable to New York State workers’ compensation in 2024. For the ninth consecutive year, an aggregate rate decrease is on the horizon.
Tag Archives: construction
The Importance of Wrap-Ups in Construction
On-site contractors also secured their own workers’ compensation insurance. According to the International Risk Management Institute, all these insurance coverages added about 6% to the total project cost. Often, project participants were confused about who had coverage or whose insurance would pay a claim.
Nail Down Quality Roofing Contractors Insurance
If you’re an experienced roofer, you know insurance is key to managing your risk and protecting your business from property damage, liability claims and work-related accidents. You may even have been asked to submit proof of workers’ compensation, property and general liability insurance to obtain your license.
Wired to Succeed in Solar Roofing
The solar industry is growing. The Department of Energy reports the number of photovoltaic (PV) installations increased by 44% year over year in the first half of 2023. That’s the fastest pace ever.
Why Contractors Need Professional Liability Insurance?
In the past, contractors didn’t need to be concerned about professional liability insurance. It was traditionally carried by architects, engineers and other design professionals for errors and omissions. But these days, construction companies must consider this coverage to complement their general liability insurance.
What is an NEP?
A National Emphasis Program (NEP) is a temporary specific hazard awareness program in which OSHA focuses their resources on.
Keep Financials in Order for Fast Bond Acquisition
Owners of construction projects often require contractors bidding on the job to secure bid and performance bonds.
More Problems, More money…
As of January 2024, OSHA released an update to the maximum penalty costs to adjust for the cost-of-living increases over the past few years.
Cut Your Commercial Construction Risk
Contractors benefited from an uptick in commercial and multifamily starts in 2021 and 2022 only to see demand fall in 2023 due to rising interest rates and tight credit.
OSHA’s Injury & Illness Electronic Reporting Requirements
If you’re a contractor, your job sites present the most consistent and, in most cases, the greatest potential for employee, subcontractor and visitor injuries.