Fewer Claims = Lower Costs
Construction is never an inexpensive endeavor. The last thing you need on a job site is costly insurance claims to add to the bill.
While you should certainly have the proper business insurance in place to handle claims when they arise, it’s even better when you can prevent them from happening altogether. A tidy, closely monitored, and properly-signed work site is the best way to guarantee a safe and profitable construction project.
Preventing a Construction Site Claim
Let’s take a look at the following guidelines to prevent construction site insurance claims:
- Training: Proper training on job site protocols, personal protective equipment, and emergency response tactics is the first step in lowering risk.
- Inspection & Documentation: Frequent and consistent inspection of all work site areas and documenting anything that is out of order is critical.
- Organization: One of the primary sources of accidents on a construction site is unorganized work areas. Clean and tidy spaces create less risk of slips, trips, and falls.
- Signage: Signage on a job site is essential. Crews and management must clearly define hazards, exits, and restricted areas for safety purposes.
- Maintenance: Maintaining all equipment will not only ensure safer working conditions but also prevent costly repairs or replacement of company property.
- Security: Investing in fencing, cameras, and lighting to keep out unwanted visitors and vandals will end up saving you money in the long run.
- Weather Preparedness: Be sure to secure scaffolding and materials in the event of snow, rain, or wind to prevent damage.
- Fire Prevention: Easy access to fire extinguishers and proper storage of flammable materials are essential.
- Subcontractor Management: When hiring subcontractors to participate on the job site, be sure they are experienced, trained on your site protocols, and adequately insured.
Your Insurance Policy
Following the above guidelines will help prevent construction-related insurance claims. When claims inevitably arise, your insurance policy will keep you protected.
If you aren’t sure what your policy entails or if you have further coverage questions, please contact Steve Longenecker (303-808-9351 x2) at Mountain Insurance: Longmont.
We give out $25 gift cards for referrals that become our insurance clients.
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