The use of drones also known as unmanned aerial systems (UAS) or unmanned aerial vehicles (UAV) are increasingly becoming popular in the construction industry as contractors see the value of this technology as an integral part of business operations.
Heavy equipment theft that includes generators, air compressors, light plants and mobile equipment continues to be on the rise in the construction industry. Companies shouldn’t wait for a theft to occur before they implement a theft-prevention program, especially since recovery rates for stolen equipment is so low. Most of the time companies need to set aside large sums of money just to replace the stolen items, which results in lost revenue.
Being a successful contractor involves more than being good at your craft. It also involves establishing and maintaining strong client relationships that will grow and sustain your business for years to come. Many of the best relationships you’ll build will be with property owners who require comprehensive construction safety plans. Knowing this, you should do what you can now so your business is even more attractive to these high-quality, safety-conscious clients.
Here we discuss Owner Controlled Insurance Programs and Contractor Controlled Insurance Programs, also known as “Wrap Ups”.
An insurance solution that offers construction project owners control over costs,
coverage terms and conditions, claims processes and loss prevention.