Types of Construction Insurance - The Complete Guide
WEBApr 18, 2024 · Something to note is that a more specific policy type—commercial truck insurance—falls under the umbrella of commercial auto. While commercial auto insurance is a broad term that covers a wide range of vehicles used for business purposes, commercial truck insurance specifically applies to large vehicles (such as dump trucks, semi-trucks, cement mixers, etc.) and the businesses that use them.
What Is a Punch List? Examples & Templates - Construction …
WEBAug 20, 2024 · A punch list, sometimes called a snag list, is a document created in the final stages of a construction project to provide a list of items that must be addressed before construction is complete and payment is issued. The owner, architect or designer, and general contractor usually make the list while they tour and visually inspect the project.
The Best Takeoff Software for Construction in 2024
WEBSep 6, 2024 · Construction Takeoff Software Cost. Construction takeoff tools are some of the most transparently priced technologies a buyer will research. While broader construction project management solutions may have more complex pricing models, takeoff providers will typically charge a flat fee to download the product or a monthly licensing fee for access to online products.
The Best Handyman Insurance for 2024 - Construction Coverage
WEBSep 10, 2024 · Get Quote. Call: (877) 583-0792. A household name in the insurance industry, Progressive is perhaps best known for its competitive auto and homeowner’s insurance policies. That said, Progressive also offers a wide selection of commercial insurance policies that are a good fit for handyman businesses.
The Best Builders Risk Insurance Companies for 2024
WEBSep 12, 2024 · The Hartford is one of the most financially stable companies offering builders risk insurance. AM Best, Moody’s, and S&P all rated The Hartford with top marks, at A+, A1, and A+ ratings, respectively. The Hartford does not specialize exclusively in construction-related insurance products.
U.S. Cities Building the Most Homes - Construction Coverage
WEBSep 13, 2024 · As of Q2 2024, the median home sale price declined 6.8%—down from just over $442,000 in Q4 2022. But while a leveling-out in demand may have helped to slow down price growth, these measures cannot solve another fundamental challenge in the U.S. housing market: a major shortage of housing supply.
What Is an Owner Controlled Insurance Program (OCIP)?
WEBSep 5, 2024 · Owner controlled insurance programs are complex insurance products that can offer great opportunities for cost savings, superior risk management, and streamlined insurance claims processing for property owners and/or construction project managers. However, getting started with an owner controlled insurance program is …
The Best Commercial Truck Insurance Companies for 2024
WEBSep 11, 2024 · With all this in mind, we believe The Hartford is the best commercial truck insurance company for high-risk drivers. Their discounts and focus on safety help high-risk drivers save and avoid future incidents. Additionally, Progressive is another excellent option for riskier drivers.
The Best Construction Estimating Software for 2024
WEBSep 6, 2024 · Understanding Construction Estimating Software. Construction estimating is part of the preconstruction bidding process, during which contractors and builders submit proposals, or bids, to project owners, offering to provide services or supplies for a construction project.These bids summarize the costs that the contractor expects to pay for the development of the structure or infrastructure.
Request for Information (RFI) - Glossary - Construction Coverage
WEBAug 20, 2024 · In construction, RFI is an abbreviation for Request for Information. It refers to a solicitation of details or additional information about an aspect of the project that needs clarification. RFIs may be sent to or from anyone involved in the construction project, including the owner, construction manager, general contractor, architect, designer ...