What Contractors Should Know About Builders Risk Policies and Liability Coverage

Builders Risk Policies

Between workplace injuries, damage to important equipment, claims, and potential court fees and more, construction contractors face a number of professional liabilities and risks that could be partly covered through a comprehensive builders risk policy. You may have heard of general liability insurance before, but builders’ risk takes it a step further to offer you protections specific to building and construction that you might not find bundled together elsewhere.

Builder’s Risk Coverage Gets Detailed and Specific to Your Construction Projects

One of the biggest advantages to builder’s risk coverage is that you can get very detailed in your policy about risks concerning your specific types of projects. For instance, you could potentially cover:

  • The scaffolding on projects
  • Your equipment or construction supplies
  • Your buildings

With General Liability, Third Parties Are Typically Covered

Getting a general liability policy will typically mean that damages to third parties are covered, whether in full or in part. Some of these damages include physical injuries or damages to company property, but the coverage may not be as specific as in a builders risk policy.

While general liability can offer any company some basic liability and risk coverage, for the events that can happen in the course of running a building business, you may want a more specific builders risk policy. By getting your risks covered, you can feel comfortable running your company without worrying about potential financial or legal harm.

Minimizing Elder Abuse in Nursing Homes

Elder Abuse

Elder abuse is a serious problem. When researching elder abuse in America, it is clear that that is especially true for frail and isolated seniors in nursing facilities. While it may never be completely eradicated, there are severe steps that nursing homes can take to rescue rates of abuse within their facilities. 

Background Checks 

Many nursing facilities have incredibly high rates of staff turnover. That means residents are routinely exposed to new caregivers. A careful applicant screening process can help eliminate candidates that might be more likely to commit an abusive act. It should include testing for illegal substances, a criminal record, and financial stability. 

Proper Training 

Not all cases of abuse are physical. They may be financial mismanagement, emotional abuse, or neglect. Staff training should highlight the different types of elder abuse and how to recognize signs of them. This is key to having a safe and healthy environment for seniors. After all, many of them are not able, whether physically or cognitively, to report their abusers. Sensitivity training can also encourage empathy among caregivers so they are better prepared to provide care in a compassionate manner. 

Sadly, it’s not likely that all incidences of abuse will be prevented. Nursing facilities should always carry a comprehensive and complete insurance package designed to mitigate risks associated with elder abuse.