When you think of insurance, chances are you think about protecting your tangible assets: your building, your car, your property, etc. But what about your intangible assets?
Insurance Rates – What Can You Expect in 2022?
“It was the best of times, it was the worst of times.”
It’s been a while since I’ve read any Dickens, but the first sentence of “A Tale of Two Cities” is an apt description of our current environment.
While the coronavirus has turned our world upside down, our economy has remained surprisingly robust. The purpose of this article is to provide background on the economics of the insurance business in general and provide some insights on what you can expect when budgeting insurance costs for 2022.
Read more from the Insurance experts at Cavignac:
Commissioning: So You Want to Be a CxA
Commissioning: So You Want to Be a CxA
Commissioning gained a strong presence in the design and construction world in the early 21st century, thanks largely to the advancements in "smart buildings." But commissioning was not universally welcomed by architects, engineers and other design professionals as an effective method to improve building performance and gain owner satisfaction. Indeed, many design professionals viewed it as a disruptive and unwanted intrusion into their profession that led to a lot of second-guessing regarding a project's design.
Commissioning offers many benefits as an effective and objective quality-control process. It increases the chances that a project operates as intended, helps provide a safe and healthy facility, improves energy efficiency, reduces ongoing operating costs, improves the capabilities of the operations and maintenance staff, and establishes documentation for future reference.
Learn more from the Insurance experts at Cavignac by using the link below.
The Ins and Outs of Additional Insured Status
The Ins and Outs of Additional Insured Status
You really can't blame your clients for trying to secure optimum financial protection for their building projects in the event something goes wrong. After all, projects are sizeable, long-term investments that can make or break an owner depending on the performance of the design and construction teams involved.
Insurance plays an important role in providing clients financial protection against such losses. That's why nearly all experienced clients specify the minimum levels of policy limits for various types of insurance that must be carried by the contractors, designers and other parties to the project.
Learn more from the Insurance experts at Cavignac by using the link below.
