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Mitigating Construction Defects with a Quality Control Program

Mitigating Construction Defects with a Quality Control Program

Mitigating Construction Defects with a Quality Control Program With every project comes the potential exposure to construction defect losses. Having a quality assurance/quality control (QA/QC) program, however, can help reduce this exposure. Three program elements to consider are: program administration and documentation, a subcontractor selection process and contractual risk transfer (CRT). Program Administration and Documentation A number of factors comprise program administration and documentation, such as management commitment and responsibility, design and codes, and documentation, to name a few. Management Commitment and Responsibility Your program should begin with management commitment and include responsibility for program administration and enforcement. A few considerations include: A written QA/QC program, signed by the head of your company. A plan, time and budget to implement/support the program. Individuals with QA/QC responsibilities and accountability. A formal commissioning/property transfer program with the project owner. Materials Material selection, storage and handling…read more →

Benefits of Cyber Liability Insurance

Benefits of Cyber Liability Insurance

Benefits of Cyber Liability Insurance When cyber attacks like data breaches and hacks occur, they can result in devastating damage. Businesses have to deal with business disruptions, lost revenue and litigation. It is important to remember that no organization is immune to the impact of cyber crime. As a result, cyber liability insurance has become an essential component to any risk management program. Cyber liability insurance policies are tailored to meet your company’s specific needs and can offer a number of important benefits, including the following: Data breach coverage. In the event of a breach, organizations are required by law to notify affected parties. This can add to overall data breach costs, particularly as they relate to security fixes, identity theft protection for those impacted by the breach and protection from possible legal action. Cyber liability policies include coverage for these…read more →

Live Well, Work Well – July 2018 Edition

Live Well, Work Well – July 2018 Edition

This month we discuss the World Health Organization’s recent ban on artificially produced trans fats and helpful tips for snacking smart. WHO Calls for a Ban on Artificially Produced Trans Fat The World Health Organization (WHO) says that the artificially produced trans fats found in junk and fried foods contribute to more than 500,000 preventable deaths annually. That’s why the WHO has released REPLACE, a guide for governments to eliminate industrially produced trans fat in their countries. Their goal is to remove all artificially produced trans fats from the global food supply by 2023. What exactly is trans fat? Trans fat is vegetable fat that has been chemically altered by a process called hydrogenation. This process turns healthy fat into a solid, unhealthy fat that is worse for you than saturated fat. Trans fats boost low-density lipoprotein (LDL or bad…read more →

5 Common Home Insurance Endorsements to Add to your Policy for Extra Coverage

5 Common Home Insurance Endorsements to Add to your Policy for Extra Coverage

Home insurance is designed to protect you and your family when you need it most — but all policies have limits and exclusions, and you may want to add extra coverage to make sure you’ll always be protected. In the insurance world, an “endorsement” is a change to the coverage outlined in your insurance policy. It can add or remove coverage, and it overrules any wording in the policy itself. A “rider” (also known as a floater) is an endorsement that adds coverage for something that was previously excluded from your policy or increases the limit for one of your existing coverages. Here are five common endorsements you could consider purchasing to extend the protection offered by your home or tenant insurance policy. Specific coverages vary by location and by insurer, so be sure to talk to your group’s licensed…read more →

OHIP+ No Longer Covers Kids and Young Adults with Private Insurance

OHIP+ No Longer Covers Kids and Young Adults with Private Insurance

OHIP+ No Longer Covers Kids and Young Adults with Private Insurance Christine Elliott unveiled the PCs ‘cost-effective’ changes to free prescriptions for people under 25. Children, teens and young adults with private health benefits will no longer be eligible to receive free prescriptions through OHIP+, newly appointed Health Minister Christine Elliott announced on Saturday. The “cost-effective” changes to the province’s current pharmacare program are part of the Ontario Progressive Conservative government’s pledge to save billions each year by finding “efficiencies” in government spending, Elliott said in a news release. OHIP+ coverage will now focus on Ontario residents “who do not have existing prescription drug benefits” while also “saving the taxpayers money,” she explained. The province’s current youth pharmacare program effective January 1, 2018 provides free coverage on more than 4,400 drugs to children and youth aged 24 and under —…read more →

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