Straight From The Source Blog by Higginbotham Insurance

According to statistics from the Federal Motor Carrier Safety Administration (FMCSA), 4,889 large trucks and buses were involved in fatal crashes in 2017, the latest year for which statistics are available. That’s a 9 percent increase from 2016 and a 42 percent increase from 2009.

For a business owner, few things are more frustrating than building a successful operation, only to have it shut down by forces beyond your control. Whether it’s a hurricane, fire, flooding from burst pipes, cyber attack or other emergency, an unexpected disaster can be devastating.

In 2003, Texas passed a law governing the steps a residential homeowner must take before bringing a lawsuit against a contractor for a construction defect. The process allows builders and other involved parties an opportunity to immediately inspect and repair before a homeowner may file suit, and it offers limitations on the consumer awards available under the Texas Deceptive Trade Practices Act.

The air your workers breathe could be killing them. Respirable silica is a known health hazard. Because silica has many applications in the construction industry, construction site managers and employers should be aware of the risks and know how to manage them with a silica exposure control plan.

How safe is your supply chain? Even if a company works hard to maintain a high level of safety and quality, its reputation can suffer if suppliers and contractors are not equally cautious. Some issues may even result in expensive lawsuits and regulatory fines. Selecting the right companies to do business with can be a minefield. Contractors and suppliers also face difficulties, possibly being underbid by competitors that cut corners. This is where contractor qualification vendors step in to help.

Author: Andrea M. Palmer, JD, Director of Coverage & Litigation, Higginbotham

Contracts aren’t considered leisurely reading. The language used in indemnity provisions can be complicated. Terms like “indemnitor” and “indemnitee” aren’t used in everyday language. To help you navigate the complexity of indemnity provisions, let’s put the risk transfer language in common terms.

There’s only one way your business can run on all cylinders, and that’s with every employee at work and functioning at full capacity. Unfortunately, that’s not always possible. Injuries and illnesses happen. And when you have employees off work due to injury, it can put a real strain on your operation and your bottom line.

Parties to a contract often rely on their insurance coverage to protect them, and sometimes others, from liabilities they assume in the contract (aka “contractual liability”). Often, the parties aren’t concerned with knowing exactly how their insurance policy will provide this coverage; they just want to know that there will be coverage. Standard form Commercial General Liability (CGL) policies include contractual liability protection, which provides coverage for most liabilities assumed in most contracts. Parties to a contract can increase the likelihood of having contractual liability coverage by requiring the party assuming the liabilities to include the other party as an additional insured; in some contracts both parties are assuming liability and therefore both parties are (or should be) required to include the other party as an additional insured.