This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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. In his GIS work on FEMA flood risk projects in multiple states, Kilnoski has led development of innovative tools and consistently delivered high-quality final map products.
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.
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.
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.
will focus on the connection between technology adoption in construction and reducing the cost of risk. will focus on the connection between technology adoption in construction and reducing the cost of risk. Ghanbarian has more than 15 years of dedicated experience in home services and water management solutions.
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 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.
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.
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.
Risk Data Uncovered: How Technology is Transforming RiskManagement 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.
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. DOT-certified cylinders minimize leakage risks, protecting the environment. Be familiar with your policy.
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.
Water damage continues to be a source of significant risk in buildings and on job sites. As insurers face rising payouts for water damage claims, deductibles have climbed sharply, resulting in a severe impact on profitability for contractors and developers.
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.
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). Transforming data into risk profiles Let's draw a parallel with Tesla - a pioneer in the automotive and energy industry.
“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 insurancerisks and exposure to OSHA audits.”
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.
So how can companies optimize for their bottom line without putting their businesses at risk? . Firms that want to stay both competitive and resilient in an evolving economic landscape need a strong riskmanagement strategy – yet this is easier said than done. Riskmanagement is a multifaceted challenge.
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].
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.
A recent study by Munich Re, a global leader in insurance and riskmanagement, 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.
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.
As building operations become increasingly complex and demanding, the need for better water management solutions is critical. Awareness of the continuing carbon impact of inefficient water management is also leading the industry to search for ways to take a proactive approach to water management in the buildings of the future.
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.
Material provided by Underwriting Agencies of Australia Road construction insurance can differ considerably from other forms of earthmoving and civil works. This article discusses why and touches on some of the risk, and risk mitigation, nuances. That value becomes the basis for the policy sum insured.
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.
Insurance has never felt cheap to companies in the construction sector, although many or most of them never took the sort of riskmanagement measures highlighted in our regular insurance articles, so to a large extent often had only themselves to blame if they were paying higher premiums than they need have.
Nammo Defense Systems, a leader in cutting-edge ammunition, rocket motor development, and other advanced solutions, is now utilizing the ISNetworld contractor management platform to streamline its contractor selection process. This approach isnt just about safetyit also increases efficiency and reduces risk for all involved parties.
Members include architects, riskmanagers, parking specialists, lawyers, and perimeter safety professionals. The emergency response report is also useful in your insurance claim for timing and dates. The Storefront Safety Council is a group of volunteers that are “passionate about ending vehicle-into-building crashes.”
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. Not sure where to start?
The post Insurance for the Construction Industry: Essential Coverage Options appeared first on UK Construction Blog. Navigating the construction industry can be challenging, especially when it comes to managingrisks and ensuring financial protection. Different types of insurance cater to specific needs within the industry.
As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.
If developers and building managers want to ensure steady continuity all year round without any prevalent setbacks and minimal risks, they must ensure their site is equipped with sufficient security measures that protect valuable assets and maintain worker safety. Legal compliance : Meeting insurance requirements and local regulations.
However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. There are common risks that are prevalent in every construction loan program. Budgeting problems.
This means having the right mix of engineers, architects, surveyors and project managers that know how to handle your unique project. Effective Management Practices Running this business means managing all sorts of employees, projects, equipment and more.
While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. It’s so hard to hire a project engineer or even a project manager or superintendent. Recognize that risks are part of the territory Reducing risk starts by recognizing it.
Over 220 of these integrations now work with Autodesk Build, our comprehensive field and project management solution. Project managers can add the alwaysAI Partner Card to their Autodesk Build Insights or BIM 360 Project Home dashboards for real-time insights into productivity, operations, and safety.
Determining Commercial Property Insurance Costs Understanding the costs of commercial property insurance is crucial for business owners. This guide covers factors affecting premiums, risk assessments, and tips on managinginsurance expenses.
Straightforward and standardised communication is a fundamental part of construction management. Increasing safety and quality As construction activities across APAC intensify to meet the demands of governments looking to boost economies, there is a risk of overlooking safety and quality protocols, which can have dire consequences.
The company prides itself on a culture of “passion, partnership, and performance,” which has earned it the title of US Best Managed Company for three consecutive years. ISNetworld helps companies like Coke Florida manage contractor safety, insurance, and regulatory information.
— RiskBlue, a new venture from RiskClock , announces the launch of its innovative contract management software, specifically designed to assist insurance brokers and developers in efficiently managing high-rise Builder’s Risk and Water Mitigation contracts.
Generative AI will be leveraged by more construction businesses to help collect and standardize the vast amounts of data they operate with – providing more actionable insights and reducing risk. “It all comes back to predictability.
Owner Controlled Insurance Programs (OCIPs): All You Need to Know About Discover how Owner Controlled Insurance Programs (OCIPs) streamline riskmanagement and reduce costs in construction projects with our in-depth guide.
We organize all of the trending information in your field so you don't have to. Join 79,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content