“Project bids can create unexpected insurance requirements for contractors, such as higher limits or additional insured obligations,” said Director of Commercial Lines Pam Bryan. “We recommend you closely evaluate all contractual obligations before signing a contract. Having those contracts reviewed by your attorney is even better.”
“It’s a good idea to meet with your agent at Smith D&L Insurance to update your equipment inventory list. Remember to inspect those items that may have been idle over the winter, too,” said Bryan. “The values assigned to equipment should be reviewed on a regular basis to avoid over or underinsuring your equipment.”
Falls, being struck by an object, electrocution, and being caught in or between an object are the leading causes of worker deaths on construction sites. Safety training is crucial to protecting your workforce from injury.
Grinnell Mutual offers a variety of safety training materials, from safety posters to place in your jobsite trailer to safety talks for employee meetings. Also, check out How to Develop a Contractors Safety Program for templates that can easily be adapted to your business, including a new employee safety checklist and safety training log. Click here for more downloadable resources from grinnellmutual.com.
“Many contractors do not employ a safety manager or safety trainer. Those supervising the jobsite activities are frequently the same individuals providing the safety training,” said Bryan. “Our materials are written so that people without prior experience developing a safety program or conducting a safety meeting can feel confident doing so.”
Even the most safety conscious or adequately insured contracting business can suffer a loss.
“Accidents happen and our business will be there to help pick up the pieces when the unexpected occurs. It’s important to report a loss promptly, even if you are uncertain that an incident will result in a claim,” said Bryan. “The sooner we are notified, the quicker we get adjusters out and your business can move forward.”
Contact BANKIOWA Insurance at 1-319-232-4571 if you're within Waterloo IA, Cedar Rapids IA, or surrounding areas (Buchanan County, Black Hawk County, Linn County).
Information from Grinnell Mutual