Many people invent reasons not to wear their seat belt. Some just don’t bother and others think – “nothing will happen to me.” The statistics show that this statement is definitely untrue. From 1992 through 2001, roadway crashes were the leading cause of occupational fatalities in the U.S., accounting for 13,337 civilian worker deaths (22% of all injury-related deaths), an average of 4 deaths each day. Between 1997 and 2002, 28% of fatally injured workers were wearing a seat belt; 56% were unbelted or had no seat belt available. Belt use was unknown for the remaining 16%.
Coinsurance clauses are commonly found in a builder’s risk completed value policy. As one might deduce merely from the name, a coinsurance clause involves the policyholder becoming a co-insurer of the risk of loss with the insurer. In other words, certain conditions would result in the insurance company not paying the total amount of loss, thereby leaving the policyholder to bear the remainder of the loss amount. The insured and the insurer jointly assume the risk.
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In 1997 more than 180,000 foot-related injuries occurred in the workplace according to the National Safety Council. According to the…
Water, water everywhere -- and it can bring your entire construction project to a halt. From rain entering a structure…
For a foreign employee temporarily transferred to work in the U.S., getting permission to own and drive a car can…
Directors and Officers Liability insurance, or D&O, covers corporate activities. Because a corporation is legally a person, as are the…
Injuries caused by electrical shock are one of the most severe that workers can experience on the job. According to…
While a construction project is underway, who should be responsible for the property insurance on it -- the project owner…