By onlinefinancialnewsletters on Aug 15, 2018 in Construction |

Construction sites are inevitably dangerous places to work, housing a myriad of possible hazards and conditions which are conducive to injury. In 2016/2017, construction was unsurprisingly found to be the industry with the most fatal industries present for employees. Nonetheless, if proper precautions are taken, risks can be mitigated. Here we inform you on 5 of the...

By onlinefinancialnewsletters on Jun 8, 2018 in Construction |

Active shooter events are occurring on a far too regular basis. The average of active shooters was 6.4 per year in 2000 to 2006, that number has since seen a sharp rise. Between the years of 2007 and 2013, the number almost tripled to an average of 16.4 per year, according to The Department of Homeland Security. While these events are rare occurrences on a...

By onlinefinancialnewsletters on Jun 4, 2018 in Construction |

Working in construction has undergone a dramatic change over the last 60 years. Since the 1960s and 1970s, when safety wasn’t the highest priority, construction work has transformed by introducing a whole host of new safety precautions. However, whilst the precautions account for a large number of the risks associated with working in construction, they haven’t...

By onlinefinancialnewsletters on Apr 28, 2018 in Construction |

It is important to assess the risks associated with construction projects before looking for insurance. The policy limits and terms in your insurance need to suit to your construction project and must be able to cover any losses you may incur. Construction projects are inherently risky operations, meaning that selecting the right insurance is particularly crucial to...

By onlinefinancialnewsletters on Apr 25, 2018 in Construction |

BuildForce Canada estimates that around 21% of the labour force (over 132,000 workers) will retire between the years of 2018 and 2027, necessitating replacements in the near future. A new influx of younger workers is said to meet the new demand, with over 125,000 workers aged 30 and younger now entering the construction industry. However, there are safety concerns...

By onlinefinancialnewsletters on Feb 27, 2018 in Construction |

More often than not, construction insurance is necessary for each construction project. This kind of insurance typically offers coverage for natural disasters, risks, material, employees, as well as your company. Here are some of the most common insurances for the construction industry. Contractor Liability Insurance Coverage For protection against injuries,...