What is construction insurance
Construction insurance is a broad variety of insurance policies that provide protection during construction projects. Many factors influence the type of insurance for a given construction project or business. Here are some types of construction insurance:
– Builders risk insurance is insurance coverage for buildings, different types of property and other structures while they are under construction.
– General liability insurance provides liability protection to businesses in the case of bodily harm or property damage during the course of business. There are various versions of these policies.
– Construction bonds are used to “guarantee” certain aspects of a contract or construction project. There are also several types of contract bonds.
– Workers’ compensation insurance protects construction businesses and contractors when their employees are injured while on the job. It covers some costs after a covered incident. Compensation insurance is required by law in some states.
Focus on a strong safety policy
Insurance costs in construction industry are a significant cost element. If companies can reduce this cost, they will have more money to invest in their business. The major solution is improving safety at the jobsite, the result of which is the reduction of insured events. Construction companies should pay special attention to effective safety maintenance and inspection programs.
Modern mobile solutions can significantly help in ensuring stable, safe construction workflow. Construction apps provide pre-made mobile forms and checklists for regular, streamlined safety inspections. Moreover, there is an opportunity to generate professional reports right on the mobile device, share and store them. All necessary data is always at hand. Optimized documentation contributes to a smooth safety policy without incidents and great insurance payments.
Snappii helps construction companies create safe and efficient jobsites for about 10 years. We provide construction apps that are easy to use, as well as multifunctional and powerful. We are able to create any custom app, which will help maintain safety in your construction business. Send us your requirements and let’s discuss.
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A maintenance inspection is the process of evaluation the condition of facilities and equipment. The purpose of such inspection is to determine what is needed to keep them in good working condition. Also, maintenance inspections can identify issues before they turn into costly repairs, as well as prevent downtime. Every enterprise or facility must conduct regular inspections as part of the entire maintenance program. It’s important to note, that inspections should be documented and stored.
The scary stats
Time for a change
Modern field service businesses require a certain level of automation. The old method of manually processing became outdated. It is extremely time-consuming and doesn’t lend well to modern dynamic and agile field service industry. Field service apps have a 25% market penetration today. They track employee activity, schedule work, keep communication, control conditions, track a progress, support safety and more. Needless to say, they can do a lot for any business. Here are several major activities which can and should be automated with field service apps.
Business recovery after COVID-19
Driving long distances is a hard job. HGV (Heavy Goods Vehicle) drivers spend extended periods of time on the road, dealing with the deadlines, vehicle maintenance and the dangers of the road. Nowadays, fleet managers can make their drivers’ lives easier with special mobile solutions. Automation and optimization of regular operations bring many benefits for long haulage drivers.
Time cards and daily timesheets are an essential part of the construction process, but the tedious and time consuming work, that can be a real headache for anyone, from management roll to field specialists. Paper time cards are a thing of the past. All construction project team has so many important tasks to take care of, and they don’t have time to be spending hours each day recording hours, filling out timesheets, dividing up work time, marking regular and overtime hours and so on. Snappii can help any construction company in transition from paper time cards to an easy-to-use and powerful mobile analogue.
The fundamentals of fire safety of any enterprise are not only the presence of fire extinguishers and evacuation plan. This concept is much more extensive and includes fire preventive trainings, safe behavior, constant inspections and reporting. The main causes of fire situations at the enterprise are:
Caution became a leading strategy of most businesses through the coronavirus pandemic. Businesses closely scrutinize spending and revise budget. Different countries are in various phases of reopening, and the economy of most of them is in a recession. Analyst firms expect tech spending to shrink 8-9%. According to Randy Potter, chief architect at global consulting firm Capgemini, over the last few months, companies have focused on how to optimize and cut technology costs. In this regard, we offer 3 tips for saving on technology costs.
“Good, bad or indifferent, if you are not investing in new technology, you are going to be left behind.”