At times, additional language is inserted that states that once payment is accepted, the signer (contractor or subcontractor) acknowledges they have been paid in full for all changes to date, or it can state that the contractor has no potential claims against an owner or GC. A change order may have a fine print statement […]
News / Links
We understand that knowledge is key to making informed decisions about your needs. We have provided this page as a resource tool to support our clients by providing valuable news articles on current insurance related topics as well as links to industry related sites. We trust that you will find this as informative and beneficial as we have.
Assurance Brokers is recognized as an expert in the insurance industry. Many times we are asked for opinions, and our professionals are published in industry-leading publications. On some occasions we also author and distribute white papers or informative letters to clients and referral sources. A select group of these items is presented below, along with additional articles of interest.
Distracted Driving in America
Having a defined company policy about driving practices may be the first stop towards improving employee driving habits. In addition to mitigating potential claims, this could be advantageous when requesting credits to combat increasing auto insurance premiums. Selective Insurance offers additional ideas here. If you would like to continue reading the full data breakdown of […]
Business Ownership Transfer in the Construction Industry
As an owner of a family run business begins to dream about retirement, questions begin to arise about what will happen to the business. Beginning the process of a sale or transfer is hard because most people don’t know where to start. There are a few general guidelines that will set the foundation of a […]
The Growing Importance of Cyber Liability
An unfortunate trend we are seeing more frequently in the news is the prevalence of computer hacking and the subsequent data breach. It seems that any company of any size can be the target of a cyber-attack. Once they are into your computer system, your laptops and phones can also be impacted and locked up. […]
Insurance Cost Trends for 2022
2022 so far has shown us that everything is costing more than it was a year ago. As consumers are impacted by supply chain issues, so are insurance companies due to materials and equipment costing more to repair and replace. The biggest lines of insurance impacted thus far in 2022 seems to be General Liability, […]
Severe Storm Season – Are You Prepared?
Knowing what to do in a weather event can minimize your injury or damage to your property. One of the best ways to prepare is to gather an emergency supply kit. These can be kept at home in your safe place, as well as in your car for winter driving. For nine additional ideas, keep […]
A Tribute to Our Military
In the St. Louis area on Thursday, September 16th, thousands of Americans stood in solidarity to honor our fallen Marine, Lance Corporal Jared Schmitz. Lance Cpl. Schmitz, along with Sgt. Johanny Rosario-Pichardo, Sgt. Nicole L. Gee, Staff Sgt. Darin T. Hoover, Cpl. Hunter Lopez, Cpl. Daegan W. Page, Cpt. Humberto A. Sanchez, Lance Cpl. David […]
Materials Cost Continues to Climb
While the cost of lumber has seen a slight drop in price, other material costs are still skyrocketing. Natural gas is up 146.7%, petroleum is up 102.9% and steel mill products are up 108.6% on the year. Without an end in sight, companies need to assess these increases and plan successfully for future projects. A […]
Lien Waivers: Make Sure You Know What You Are Signing
Be sure to know what type of lien waiver you are signing and how it can impact your bottom line if you sign the wrong one. By spending the time to know what the documents mean, you can save yourself legal fees and financial distress. Just because wording is changed in the title does not […]
Lumber Prices Continue to Rise
Lumber prices continue to rise due to supply and demand. Some construction projects have been delayed due to supply being so low. As interest rates remain low, consumers are still buying new homes or investing in their own homes by doing renovations. However, as the costs continue to increase Forbes is projecting that DIY consumers […]
