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Tips to help control insurance costs

By accident, agent, auto, backup, building materials, bundling, claims, Consumer Tips, costs, credit, credits, deductibles, expenses, generator, guidance, independent, injuries, Insurance, labor, medical, multi-policy discount, premiums, protection, purchase, replacement, review, safety, shut-off
Insurance premiums are tied closely to costs of labor, building materials and medical care. As these prices rise, the costs to treat injuries after an auto accident or to repair or replace your home, car and belongings also increase. The post Tips to help control insurance costs appeared first on The Cincinnati Insurance Companies blog.
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Managing hiring risks during labor shortages

By agent, attorney, background, Business Insurance, checks, coronavirus, counsel, COVID-19, cross-training, customers, decisions, driver, drug, employee, federal, hiring, independent, Insurance, labor, law, legal, local, Loss Control, managers, motor, MVR, oversight, Pandemic, personnel, practices, reputation, risk, screening, service, shortage, standards, state, testing, vehicle
Many business owners are facing labor shortages made more acute by the coronavirus pandemic. As employers look to hire workers, they struggle to answer tough questions. The post Managing hiring risks during labor shortages appeared first on The Cincinnati Insurance Companies blog.
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Managing hiring risks during labor shortages

By agent, attorney, background, Business Insurance, checks, coronavirus, counsel, COVID-19, cross-training, customers, decisions, driver, drug, employee, federal, hiring, independent, Insurance, labor, law, legal, local, Loss Control, managers, motor, MVR, oversight, Pandemic, personnel, practices, reputation, risk, screening, service, shortage, standards, state, testing, vehicle
Many business owners are facing labor shortages made more acute by the coronavirus pandemic. As employers look to hire workers, they struggle to answer tough questions. The post Managing hiring risks during labor shortages appeared first on The Cincinnati Insurance Companies blog.
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The Three Little Pigs and the price of a stick house

By 2020, 2021, 2022, agent, cost, coverage, COVID, craftspeople, damage, expense, Home Construction, house, increasing, independent, Insurance, labor, loss, lumber, Pandemic, prices, rebuild, reconstruct, reconstruction, rising, shortage, skilled, stick, Three Little Pigs, Valuation
Growing up, I loved reading the tale of “The Three Little Pigs,” never thinking much of how the story could ever relate to my adult life. As an occupational hazard, I often think now of the second little pig: “How is he going to rebuild his house of sticks that the wolf blew down?” The post The Three Little Pigs and the price of a stick house appeared first on The Cincinnati Insurance Companies blog.
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Home’s value, replacement cost not interchangeable

By agent, building, claim, code, conditions, contractors, cost, historic, home, homeowner, house, independent, Insurance, labor, loss, market value, materials, older, Personal Insurance, price, reconstruction, registry, replacement cost, sales, savings
When shopping for homeowner insurance, you may hear the terms “market value” and “replacement cost” multiple times. It’s important to have a grasp of the difference. They are not interchangeable. The post Home’s value, replacement cost not interchangeable appeared first on The Cincinnati Insurance Companies blog.
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COVID-19: Have a project restart strategy

By agency, agent, construction, contract, Contractor, costs, document, employee, employment, engineering, expenses, financial, independent, inspection, Insurance, labor, materials, momentum, Pandemic, pay, permit, pool, project, restart, shutdown, startup, supply chain, time, trade, worker, workforce
Construction projects that shut down production in the short term deserve careful consideration when it’s time to restart operations. Contractors must recognize the need to create a plan for resuming work after restrictions imposed during the pandemic are lifted. The post COVID-19: Have a project restart strategy appeared first on The Cincinnati Insurance Companies blog.
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Are you covered? Don’t be caught underinsured

By age, agent, claim, coinsurance, construction, cost, deductible, demand, disaster, earthquake, equipment, expense, fire, flood, home, homeowner, independent, Insurance, labor, loss, materials, older, personal, Personal Insurance, protect, rebuild, reconstruction, resources, risk, scarce, scarcity, site, umbrella, wind
Does your homeowner policy have sufficient coverage limits to help you recover fully after a loss and avoid incurring serious financial burdens? It’s a question many people don’t ask, and if they have a claim, it can leave them with unexpected expenses. The post Are you covered? Don’t be caught underinsured appeared first on The Cincinnati Insurance Companies blog.
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Personal insurance: Trends in construction costs

By age, agent, cost, design, energy-efficient, expense, home, independent, Insurance, labor, market, materials, modular, Personal Insurance, price, quality, rebuild, rebuilding, reconstruct, reconstruction, safety, spending, supplier, supply, techniques, unemployment, value, valued
Reconstruction cost – or replacement cost – is the cost of hiring a contractor to replace your home as it is, using materials and design of the same or similar quality. This amount is not the same as market value, which is the value of comparable homes that have sold in your area. Your home’s current reconstruction cost could be very different from its market value. The post Personal insurance: Trends in construction costs appeared first on The Cincinnati Insurance Companies blog.
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Contractors: Focus on safety to attract talent

By administration, agent, construction, Contractor, contractors, economic, employee, employees, hazard, health, independent, injuries, injury, Insurance, job, labor, occupation, occupational, orientation, prevent, program, protect, safe, safety, shortage, skills, talent, trade, trades, worker, workers, workplace, worksite
One of the most urgent issues facing construction contractors is the ability to attract and retain talent. Several factors may be in play, including the perception that construction can be a dangerous vocation. One way you can attract and retain top talent is to provide a safe workplace with people who are properly trained and alert to job hazards. The post Contractors: Focus on safety to attract talent appeared first on The Cincinnati Insurance Companies blog.
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