Business Basics: Insurance

Description

• What is the benchmark of standard insurance coverage
  • Required vs. optional insurance coverage
• How to select an insurance broker
  • Review of resources available with a construction oriented broker
• How employee hiring practices (training & safety) impact insurance costs
• How to incorporate overhead insurance costs into project bids
• How to read a certificate of insurance
• How Experience Modification Rates (EMR) are calculated 
• How to prepare for an insurance audit
• Why vetting & selecting subcontractors is so important (subcontractor insurance addendums)
• Labor Law  & Exclusions
• Standards market vs. Excess

Presented By: Lawley, USI, and American National