TSIB

Become an Attractive Risk for Underwriters

This post is part of a series sponsored by TSIB. Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. If they are going …

Defining Your Risk When Considering a Wrap-Up: Part 2

This post is part of a series sponsored by TSIB. We continue where we left off in Part 1, looking to answer, is a Wrap-Up right for every project? Now that we have previously identified the 2 main categories of …

Defining Your Risk When Considering a Wrap-Up – Part 1

This post is part of a series sponsored by TSIB. A Wrap-Up is an incredible tool that manages the risk presented by a construction project. This tool also returns a significant part of the project cost back to your bottom …

Minimizing AI Cyberattacks

This post is part of a series sponsored by TSIB. We are seeing an explosion of technology as our devices become more powerful and less expensive. Companies are taking advantage of our voracious appetite for all things technology and creating …

What is Ransomware?

This post is part of a series sponsored by TSIB. According to IBM’s 2023 Cost of a Data Breach Report, it’s estimated that data breaches cost businesses an average of $4.5M in 2023. Statista, shared that over 317M ransomware attempts …

How Wrap-Up Insurance Cost Savings are Realized

This post is part of a series sponsored by TSIB. Understanding how insurance cost savings work on a Controlled Insurance Program (CIP), also known as a Wrap-Up, and who retains the risk/reward is important. There are several varieties of CIPs …

Crisis Management Planning For Your Construction Company

This post is part of a series sponsored by TSIB. The saying, “life is what happens to you while you’re busy making other plans,” is as true as a statement that you can make. Unfortunately, the simple truth is, bad …

Standalone Terrorism Coverage- First Party Coverage

This post is part of a series sponsored by TSIB. You worked hard to manage an acceptable outcome for your insurance renewal, answered countless underwriting queries, finally give your broker the order to bind, and you find yourself with one …

Developing with a Wrap-Up

This post is part of a series sponsored by TSIB. Construction projects present unique risks and complexities that are a distinct departure from your overall insurance needs as a real estate developer. Whether the project is office, commercial, industrial, mixed-use, …

Differences Between Named Insured and Additional Insured: Part 2

This post is part of a series sponsored by TSIB. When working on a construction project, the company you are working for may ask to be an Additional Named Insured or an Additional Insured. It’s easy to believe that they …

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