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Construction Related
BFHD has been tracking drug overdose deaths in our community through the Overdose Data Power BI Dashboard. In 2020, the Construction, Trade and Labor Industry saw a 100% increase in overdose deaths and has maintained the highest incidence of overdose deaths of any occupation since 2016. The construction industry has one of the highest injury rates in the U.S., and opioids have commonly been prescribed to construction workers to treat the pain caused by these occupational injuries. Since use of opioids has led to addiction and overdose deaths, it is important for workers to understand the risks, alternatives, and resources to prevent an overdose.
Anyone can help save a life through a legal medicine known as naloxone (commonly called Narcan). Naloxone is a medication that may stop an opioid overdose, including those caused by fentanyl. With a statewide standing order, Washington residents can get naloxone at pharmacies across the state without a prescription.
The build-to-rent segment has emerged as a thriving niche in an otherwise challenging residential construction market. These developments offer a unique opportunity for investors and builders to meet the growing demand for rental properties while diversifying their portfolios. However, this rapid growth also introduces new and complex risks that require careful navigation.
Click here to download global insurance brokerage Hub International Washington’s white paper and learn about the key risks involved in build-to-rent projects, and the risk management strategies builders and investors should implement to capitalize on this opportunity.
As Washington’s construction leaders work to balance rising healthcare costs with their worker’s evolving needs, voluntary benefits are increasingly necessary in order to forge a strong social contract, helping to recruit and retain employees. It takes better use of data to do it right.
Click here to learn more from member Hub International.
Construction firms will face unpredictable conditions in 2025, including the environment, market disruptions, uncertain interest rates and the overall economy. But tight risk management and the ability to adapt, supported by strong insurance strategies will help minimize the uncertainty in maintaining profitability, boosting recruiting and retention and staying resilient.
Click here to learn more from global insurance brokerage Hub International in the tri-cities.
Moving heavy construction equipment from Point A to Point B is a critical component of a construction project. While most firms focus on complying with Occupational Safety and Health Administration (OSHA) protocols during the transport of these machines and materials, Department of Transportation (DOT) regulations are often overlooked until a driver gets pulled over for an inspection.
Regardless of size and number of vehicles in a construction company’s fleet, it’s imperative to understand and adhere to DOT and Federal Motor Carrier Safety Administration (FMCSA) regulations. Global construction insurance brokerage Hub International Washington can help provide guidance.
Click here to learn about how to ensure that your construction fleet is adhering to DOT regulations.
Technology continues to evolve in construction. As construction companies embrace new programs, systems, safety devices, and IoT devices, they have become lucrative targets for cybercriminals. The risk makes it imperative for construction firms to develop strategies to mitigate their cyber exposure and create a thorough cyber incident response plan.
Click here to download global construction insurance brokerage Hub International Washington’s whitepaper to learn more about why construction firms are appealing targets, the biggest cybersecurity threats they face and how to implement proactive strategies and safeguards to mitigate potential risks.
Finding leaders who have an ideal mix of human skills and technical or work skills is difficult. But through training, coaching and reinforcement of good behaviors, construction firms can develop leaders who are technically skilled, empathetic and able to improve employee performance and wellbeing.
Read here to about Balancing Human Skills in the Workplace With Hard Skills to Produce Leaders Who Shine!
Construction employers have an important role to play in addressing their worker’s mental health, helping employees’ stability, happiness and productivity.
Read here to learn more from member and insurance brokerage Hub International.
After several tough years of supply chain disruptions, higher business costs, job delays and budget uncertainty, the construction industry is booming. However, several persistent issues could hinder growth: worker shortages, labor costs, rising inflation and jobsite safety. Strong employee benefits and risk management programs will be the framework for building a successful 2024.
Read here to learn more from member and insurance brokerage Hub International.
Member and Top 5 insurance brokerage Hub International shares their insight into how the construction industry has been impacted by government limits on building activity – as well as supply chain challenges. Construction costs have risen, leaving builds underinsured. Continued price pressure, coupled with today’s uncertain economic environment, is forcing contractors to stay on their toes. Read this whitepaper to learn how to implement strategies to reduce your total cost of risk. Disclaimer: The “Read this whitepaper” link will take you away from www.tricityplancenter.com and is a PDF document.
Keeping Workers Safe in the Zone
Accidents in work zones continue to occur at alarming rates. Recognizing the dangers of distracted driving in highway work zones is a key element to keeping workers safe. In addition, implementing controls and safety strategies as well as embracing new technologies for the work zone can help reduce work zone accidents and fatalities.
Construction has historically been a challenging industry for women to enter, grow and succeed. A growing number of construction companies are recognizing the importance of spotlighting the hard work and positive effect that women have on the industry’s workforce.
Creating a gender-inclusive environment that offers equal opportunities for men and women on the worksite is not only a best practice but will improve construction organizations’ ability to successfully recruit and retain female workers. Here are some strategies on how to create a safe and inclusive work environment…
Catastrophic Events Challenge Builder’s Risk — and Washington’s Builders Themselves
Recent increases in catastrophes have made it more expensive to secure builder’s risk coverage for job sites, says Bill Bates at insurance brokerage Hub International Washington. Washington’s builders need to position themselves as best-in-class risks and carefully consider their insurance needs before taking on future projects….
Washington’s construction insurance brokerage Hub International recently published their risk and insurance outlook for the construction industry. Hub says that agility and creativity are key to managing shortages and building profits for the future. Learn about construction market trends and insurance rate changes for 2023.
Construction site safety in the tri-cities is a big concern.
As a result, OSHA is stepping up its enforcement efforts around excavation and trenching safety and heat-related illnesses. With a push to inspect worksites for violations and an impending standard for protecting workers from heat, insurance brokerage Hub International Washington has created a blog to help educate the construction industry.
This complimentary report provides comparative salary and benefit metrics—especially critical for an industry in which this data is difficult to obtain or present in a meaningful way. It is a useful tool for contractors to measure their offerings against industry peers and prepare their strategies for the years ahead.
The report covers a range of topics, including:
- US construction industry outlook
- Comprehensive compensation metrics for executives and industry-specific personnel
- Salary differentials by revenue size and geographic region
- Health insurance and retirement benefits
- Trends in attracting and retaining talent
This complimentary report is a useful tool for contractors in the United States to measure their employee compensation against industry peers and prepare their strategies for the years ahead.
The report covers a range of topics impacting construction industry professionals, including:
- Comprehensive salary and benefits data for executives and industry specific personnel
- Trends in salary and bonus structures
- Salary differentials by revenue size and geographic region
The annual Moss Adams Construction Industry Salary Report is a useful tool for contractors in the United States to measure their employee compensation against industry peers and prepare their strategies for the years ahead. This complimentary report covers a range of topics impacting construction industry professionals, including:
- Comprehensive salary and benefits data for executives and industry specific personnel
- Trends in salary and bonus structures
- Salary differentials by revenue size and geographic region
The annual Moss Adams Construction Industry Salary Report is a useful tool for contractors in the United States to measure their employee compensation against industry peers and prepare their strategies for the years ahead. This complimentary report covers a range of topics impacting construction industry professionals, including:
- Comprehensive salary and benefits data for executives and industry specific personnel
- Trends in salary and bonus structures
- Salary differentials by revenue size and geographic region