Contractors: Get your subcontractor insurance house in order!

Jonathan BelekConstruction, Risk Management, Workers Compensation

It’s a tough landscape for the building trades in Connecticut. Jobs are out there, but bidding is competitive and margins are tight. We’re nearly 10 years past its beginning, but we’re still not fully recovered from the Great Recession that wiped out trillions of dollars in real estate equity. Given that reality, it doesn’t surprise me when a construction firm … Read More

8 Steps to Vet Construction Subcontractors

Jonathan BelekBusiness Insurance, Construction, Risk Management

As a general contractor, it’s likely that you’ll use subcontractors at some point. Subcontractors can be an efficient way to outsource work. As specialists, they’ll often do a better job than a generalist and their smaller size means they can work quicker and leaner. However, the construction job is your responsibility. The performance of the subcontractor will reflect on you. … Read More

Contractors – The fine print on Waivers of Subrogation

Jonathan BelekBusiness Insurance, Construction, Risk Management

Your firm gets tapped to build a brand new office building in a promising location. The budget is high and the timeline reasonable. You can’t wait to sign the contract and get started. That “Waiver of Subrogation” it includes? You’ve seen it before and haven’t thought too much about it, as it seems to be becoming standard boilerplate. But just … Read More