Tag: Risks
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Mitigating Data Loss Risks for Ontario Organizations
In the modern economic landscape, data is not merely a resource; it is the currency of continuity for businesses across Ontario. From customer relationship records and financial ledgers to proprietary intellectual property, the flow of information dictates daily operations and strategic favour. However, the assumption that robust I.T. systems or basic cloud redundancy provide automatic,…
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The Hidden Risks of Aging Septic Systems for Properties
Septic systems are among the most overlooked components of a property’s infrastructure, yet they play a critical role in public health, environmental protection, and structural integrity. Whether serving a residential home, a commercial facility, or a mixed-use development, these systems quietly manage wastewater behind the scenes. But as septic systems age, they can begin to…
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Top Construction Insurance Pitfalls: How to Manage Risks, Claims and Coverage Gaps
The construction industry is one of the most dangerous professions in the country. In fact, in 2023, about 1 in 5 workplace deaths occurred in the construction industry and 38.5% of these deaths were due to falls, slips and trips. So, it’s no surprise that the impact on insuring the industry is complex, including claim…
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White House ballroom spotlights historic construction risks
The images of the East Wing demolition at the White House stood in stark contrast to the modest alterations originally floated by the White House in July. When first announced to the public, President Donald Trump said the ballroom project “won’t interfere with the current building” and would sit “near it but not touching it.”…
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How Self-Confidence Encourages Taking Risks
Confidence As A Safety Net You Build Before You Jump People think confidence is a mood that appears right before a big leap. It is more like a safety net you weave long before the jump. You collect small proofs that you can figure things out, and those proofs make risk feel manageable. When the…
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Understanding Construction Contract Insurance Requirements: How to Avoid Costly Gaps and Legal Risks
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving variables, dangerous environments and hazardous conditions that can generate serious losses. Risks include fires, trench collapses, accidents and even loss of life. Insurance is essential to protect the…
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Construction Insurance Outlook 2026: How Contractors Can Manage Rising Costs, Labor Shortages and New Risks
Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal risks evolve just as rapidly. In this environment, a “set it and forget it” approach to renewing your insurance policy can leave gaps and create costly surprises. According…
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Gateway 2 ‘roadblock’ risks 1.5m homes pledge, warns CPA
The Construction Plant-hire Association (CPA) has warned that the government’s pledge to deliver 1.5 million new homes is at risk unless it fixes severe delays at Gateway 2, the approval system for higher-risk buildings. Gateway 2, introduced under the Building Safety Act 2022, requires developers to secure approval from the Building Safety Regulator before work…
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Can solar panels catch fire? We look at the risks
Solar panels are marketed as a safe, green solution, but what if the very panels on your roof could spark a fire? It’s a risk many homeowners have never considered, yet recent cases prove that although it is rare it is also very much possible. So, how can solar panels catch fire and what’s behind…
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The Risks of Poorly Translated Bids
Your latest TikTok video showcasing that intricate parking-garage mural time-lapse just hit 2.3 million views. Your LinkedIn posts about project milestones are generating serious interest from developers and architects across the country. Your digital marketing strategy is working—perhaps too well. Because here’s what nobody talks about in those “contractors need digital muscle” articles: when your…