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The partnership combines WINT’s industry-leading AI-based water management solutions with HSB’s unique expertise in IoT technology and OEM uptime warranty solutions to provide businesses with an ultimate solution to protect from water leak damage. Water leaks are a major point of pain across the real estate and construction industry.
Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.
WINT’s AI-powered water management technology has been responsible for saving millions of gallons of water per year, and has positively reduced the carbon footprints of historic structures like the Empire State Building and entities like the Weizmann Institute of Science. Yaron Dycian is the Chief Strategy Officer for WINT Water Intelligence.
has hired Jim Kilnoski, GISP, adding his national experience with FEMA’s flood insurance study process to our stormwater group to help communities develop resilience. Freese and Nichols, Inc. , Kilnoski received his Bachelor of Science in Geography from New Mexico State University.
Heavy construction companies can use the HCSS Dashcams on their fleet vehicles to not only protect drivers but to avoid unnecessary accidents and insurance costs. In 2022, four million harsh driving events were captured in HCSS Telematics,” says Phillip Robinson, Telematics Product Manager at HCSS.
As a climate tech investor, we were greatly impressed by WINT’s vision to bring sustainability and risk mitigation into water management, coupled with its ability to rapidly rise to market leadership in this fast-growing space,” said Michal Mravec, Investment Director at Inven Capital. NEW YORK — Aug.
InfraWorks rolled out updates, Vectorworks announced 2019 editions of its BIM and CAD software and facility managers can now give contractors and other stakeholders access to online insurance certificates.
Here are a few examples of the not-so-uncommon half-baked perks I’m talking about: unlimited snacks and soda, pet-friendly offices, pet insurance, nap pods (seriously?), In a 2023 employee benefits survey released by the Society for Human Resources Management (a national and regarded think-tank on HR structures, trends, strategies, etc.),
Rydon said its settlement is being covered by its insurers. The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort 1 group civil case settlement. Lawyers for the BSR group took action against 22 firms in total.
WINT’s success in preventing water damage has helped accelerate the growth of its insurance network, which includes carriers, brokers, MGAs and risk-engineering firms and has nearly tripled during the year. In addition, WINT’s solutions prevented over 900 water damage incidents with a total damage potential of tens of millions of dollars.
WINT’s success in preventing water damage has helped accelerate the growth of its insurance network, which includes carriers, brokers, MGAs and risk-engineering firms and has nearly tripled during the year. In addition, WINT’s solutions prevented over 900 water damage incidents with a total damage potential of tens of millions of dollars.
It’s an honor to be joining AXA XL and the other insurance leaders to share our expertise and insights on how technology is transforming the construction and insurance industries. Ghanbarian has more than 15 years of dedicated experience in home services and water management solutions.
By Taylor Ferranti, Commercial Vice President, Refrigerant Management Recently, the HVACR industry has been managing a new challenge when it comes to refrigerant management: counterfeit refrigerant recovery cylinders. Compliance: EPA and DOT regulations in the US mandate the proper handling and disposal of refrigerants.
The new water management standard enforces Mandatory Water Systems Management Plans, Active Automatic Flow Monitoring Shutoff (AAFMS), and coverage for temporary and permanent water systems. Equally, many insurers will require compliance with JCoP guidelines to provide coverage.
The post Insurance and Liability in Construction: A Comprehensive Guide for Global Construction Professionals appeared first on ConstructionPlacements. Learn from case studies, explore future trends, and adopt best practices to safeguard your projects.
This includes property acquisition and demolition, elevation, and relocation of buildings insured through the National Flood Insurance Program. Part of the larger $50 billion Bipartisan Infrastructure Law and Inflation Reduction Act, the flood relief program now has a total of $660 million set aside for eligible projects.
As insurers face rising payouts for water damage claims, deductibles have climbed sharply, resulting in a severe impact on profitability for contractors and developers. Water damage continues to be a source of significant risk in buildings and on job sites.
Risk Data Uncovered: How Technology is Transforming Risk Management in Construction , produced in partnership with Frost & Sullivan, provides compelling data that underscores the value of tech-enabled practices in reducing risks and protecting your most critical assets: your people.
Throughout the six-month executive development course, SPP participants focused on a range of business and construction industry topics, including financial statements and accounting, insurance and bonding, estimating, purchasing, project management, and essential business competencies such as presentation and networking skills.
Procore Risk Advisors is excited to introduce two innovative in-house insurance programs exclusive to Procore customers: Builders Risk and General Liability Wrap-up (GL). Trusted Insurance Partners: Our unique programs are built in partnership with top rated carriers. Try us out on your next project.
In today’s ever-evolving insurance landscape, the importance of swift and efficient claim resolution cannot be overstated. Let’s embark on a thorough exploration of how Contractor Connection partners with the insurance industry, delivering a holistic, efficient, and dependable claim journey.
Effectively managing this bulk of information to insure its availability and accuracy is an important managerial task. Pity the owner and project manager who […] The post Types of Project Information first appeared on Civil Engineer Blog. Construction projects inevitably generate enormous and complex sets of information.
Construction insurance is an important policy to have if you own, run or manage a construction site. Construction insurance provides safeguards for you as an employer against your construction workers being injured on site. Construction insurance does not exempt you from maintain a safe workplace.
NEW YORK — WINT Water Intelligence , a leader in cutting-edge water management and leak-prevention solutions, ranks among the top nine insurance technology innovations of 2024, according to a panel of industry experts. Finalists such as WINT are selected through a rigorous, independent judging process.
“Since 2011 the MBMA and our Safety Committee, under the direction of chair David Weatherford, has presented awards to 369 plants and facilities,” says Tony Bouquot, MBMA general manager. including boosting employee morale, improving operations, and mitigating insurance risks and exposure to OSHA audits.”
Joanna Gander, a senior tax advisory manager at accountancy firm Azets said: “There is a strong suspicion that millions of pounds of taxes are slipping through the net and therefore, in the last six months or so, HMRC has significantly increased its activity within the Construction Industry Scheme. “We
Roads & Infrastructure sits down with Michelle Morrissey, National Claims Manager – Underwriting Agencies of Australia, to learn key insights and tips on how the industry can better navigate machinery and plant insurance claims. It’s important to look at your sums insured for each piece of equipment.
is a paired home layout that keeps fire insurance costs down—a particularly expensive challenge in Southern California. The smaller-scale attached homes in Toll Brothers' Villa Collection at Sterling Grove still manage to provide a generous kitchen, which can be a draw for Gen-Z—a generation of homebuyers that cooks at home.
Managing a hectic schedule and complex projects can be challenging if you're a contractor. This is a mark of professionalism and can also help if you have an insurance or legal claim. You must also ensure that your paperwork, documents, and contracts are in order.
First, Sun will develop high-fidelity computational models to simulate extreme wind and wave conditions for hurricane-proof design and safety management of offshore wind farms. Lastly, he will study smart-sensing and damage diagnosis of critical civil infrastructure to achieve safe operation and optimized management/maintenance.
Now the company is strengthening its position as one of Australia’s largest providers of specialist plant and machinery insurance solutions, in part due to changes across some of its executive and senior leadership positions. She says the leadership changes will also aid with an alignment of company values between UAA and MECON Insurance.
Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. A separate bank account will make management easier, and it will help protect your personal assets. It also makes filing taxes more manageable. . 13) Business insurance.
Ball Janik LLP is pleased to announce that Michael Iles has joined the firm’s Fort Lauderdale office as an associate in the Insurance Recovery Practice Group. Prichard, Managing Partner at Ball Janik LLP. “We welcome Michael to our Fort Lauderdale office as our presence serving clients continues to grow there,” said James C.
It standardizes contractor management and ensures contractors meet specific safety, insurance, and compliance expectations for hiring clients. Insurance Documentation: Submit certificates of insurance (COI) with precise wording and coverage mandated by Mohawk Industries.
Panelists for the upcoming webinar include Stacee Barkley, global diversity, equity, and inclusion leader for DPR Construction ; Abby Ferri, CSP , chief risk officer for Insurate ; and Cal Beyer, vice president of workforce risk & worker wellbeing for Holmes Murphy. To access the new course, visit [link].
One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?
A recent study by Munich Re, a global leader in insurance and risk management, found that locations protected by WINT dramatically reduce the number and impact of water damage incidents: sites, where WINT was installed, were found to submit 73% fewer insurance claims and resulted in 90% fewer payouts when compared with sites not protected by WINT.
Firms that want to stay both competitive and resilient in an evolving economic landscape need a strong risk management strategy – yet this is easier said than done. Risk management is a multifaceted challenge. At Autodesk, we know there’s no one-size-fits-all approach to managing risk.
Golbuff will focus on insurance recovery matters, while Konkol will handle construction defect matters. “We Prichard, Ball Janik Managing Partner. “As Golbuff represents business and individual policyholders in insurance coverage litigation and preparation of trial exhibits.
For contractors, these come in the form of a process known as prequalification and contractor management. What is Contractor Management? Contractor management is a series of checks ensuring that the contractors follow up-to-date safety practices and conform to health and regulatory standards.
He’s happy because 20 years ago he left a lucrative career as a hedge fund manager to start a construction company in Rehoboth Beach, Del., John “JD” DiStefano carries that flag to the field as one of the company’s two production managers in Delaware. Such is the story of Schell Brothers, our 2023 Builder of the Year.
But carbon is only part of the equation here; we also focused on connectivity and the community,” explained Liann Lim , Senior Development Manager of Quay Quarter Tower. For more information on the CTBUH Award of Excellence competition, including the full slate of competitors and jury members by category, please visit [link].
Material provided by Underwriting Agencies of Australia Road construction insurance can differ considerably from other forms of earthmoving and civil works. Completely new road construction is more straightforward than insurance for road maintenance or resurfacing contracts for existing roads. Why does that matter?
This process analyzes their performance, management process, resources, and capacity. Working with contractor management services can streamline the process, help you set up your accounts, and free up your time so you can focus on what you do best. These can relate to your insurance, financial stability, safety records, etc.
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