Report: Property rates to jump, cyber rates to drop in 2018 | Survey: More contractors now using safety technology | Combating the dangers of workplace fatigue
February 15, 2018
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Surety & Insurance Market Trends
Report: Property rates to jump, cyber rates to drop in 2018
Property insurance rates are likely to rise by as much as 20% in 2018, thanks in large part to the frequency and severity of natural disasters that occurred last year, the 2018 USI Insurance Market Outlook says. Cyberinsurance rates are likely to drop by 5% to 10% in what has become a competitive market, the report says.
Business Insurance (tiered subscription model) (2/13) 
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On the Radar Screen
Survey: More contractors now using safety technology
A recent survey of more than 330 construction contractors showed that a growing number are using technology to enhance worker and site safety. The survey, conducted by Dodge Data & Analytics in partnership with the Center for Construction Research and Training, showed that drones, laser scanning and wearable devices were among the top safety aids used.
Safety + Health magazine online (2/7) 
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Combating the dangers of workplace fatigue
Fatigue can lead to workplace dangers and costly safety problems, with the National Safety Council estimating fatigue is a factor in roughly 13% of workplace injuries. Fatigue risk management should be incorporated into the workplace safety plan, writes Rachelle Blair-Frasier.
IMPO magazine (2/8) 
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OSHA partners with CJAP in Ill. to reduce construction injuries
The Occupational Safety and Health Administration will work with the Southern Illinois Carpenters Joint Apprenticeship Program toward the prevention of electrical, fall-related and other common construction injuries. "This alliance will allow us to share best practices, educate employers and employees, and ensure that safety is a priority on the job," said Aaron Priddy of OSHA.
Electrical Construction & Maintenance magazine (2/7) 
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Construction Contract Terms & Conditions
Contractors need to know pros and cons of direct payments to subs
Making direct payments to subcontractors may seem like a good arrangement, but contractors need to understand the pros and cons, an attorney writes. The practice can be convenient, but extra payments can arise in cases of insolvency.
Lexology/BPE Solicitors (2/12) 
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Protocols & Procedures
Commentary: Safety isn't simple
Organizational leaders who try to oversimplify safety almost guarantee their companies will see limited improvement in protecting workers, Terry Mathis writes. He outlines four approaches that will stymie safety progress.
EHS Today (2/9) 
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Paying piece rate has benefits, drawbacks
Paying construction workers a piece rate based on the work they complete instead of paying an hourly wage can work well for large projects but has potential drawbacks. Workers might cut corners, it might not be cost-effective with changing plans and Fair Labor Standards Act violations may be more likely.
Construction Dive (2/13) 
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Construction & Insurance Case Law
Fla. court considers statute of limitations for actions against surety bonds
A Florida appeals court found that the state's five-year statute of limitations for actions against surety bonds can start to run when a construction project is abandoned by the principal. The decision and others indicate that Florida courts "will look to the actions of the principals [on] bonds to determine when the limitations period for actions begins to run," an attorney writes.
Daily Business Review (Miami) (tiered subscription model) (2/7) 
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Court denies Mass. contractor's appeal over fines
The US Court of Appeals for the 1st Circuit in Boston has denied an appeal by contractor A.C. Castle Construction over workplace safety fines assessed by the Occupational Safety and Health Administration. When two roofers sustained serious injuries after a fall of more than 20 feet in October 2014, a judge determined that A.C. Castle acted as a single employer along with subcontractor Provencher Home Improvement.
Business Insurance (tiered subscription model) (2/9) 
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Project Focus
Bamcap Partners declares $2B Texas project in default
Bamcap Partners says a Frisco, Texas, development project is in default and has filed for foreclosure. Work was suspended on the $2 billion Wade Park project months ago after contractors and other companies filed over $10 million in liens against the developer, citing unpaid bills.
The Dallas Morning News (tiered subscription model) (2/12) 
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Every smart person wants to be corrected, not admired.
Marvin Minsky,
computer scientist
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