Groundbreak Carolinas

GroundBreak Carolinas

Your source for construction industry news in the Carolinas

Risk Management

Catalyst Expands Product Offerings, Launches Commercial Insurance Division

Charlotte-based Catalyst Surety Partners, LLC (Catalyst), with plans to open a Columbia office in April, recently announced the formal launch of a commercial insurance division. Since the agency’s founding in 2014, Catalyst’s singular aim has been to help contractors succeed. To date Catalyst has worked to live up to that aspiration by providing just one…

2020 Insurance Market Review and Forecast

Change. Transformation. A touch of chaos. Sentinel’s 2020 Insurance Market Forecast reads like a good suspense thriller. And like all great books do, this one ends with the good guys (that’s you, commercial insurance consumer) coming out on top. Provided, of course, that your business’s risk management house is in order. Download Report

McDonald York Named Safety Lightkeeper of the Year

Sentinel Risk Advisors this week announced that McDonald York Building Company, a Raleigh-based construction firm with deep roots and a storied history, is the recipient of the risk management firm’s Lightkeeper Award, an annual recognition of clients that have elevated safety and loss control programs to superior standards. Sentinel’s Chief Operating Officer, Nicole Winkle, said…

Scope of Work Changes Leading Cause of Construction Disputes

Changes to a construction project’s scope of work was identified as the most frequent contributor to disagreements between owners and contractors according to a report by HKA, a leading construction claims and dispute resolution firm. The company recently released: 2019 CRUX Insight, A Global Market Sector Analysis into claims and dispute causation factors. HKA publishes…

One-in-Four Businesses Do Not Use Data Security Software to Defend Against Cyberthreats

Today, in recognition of National Cybersecurity Awareness Month, Paychex, Inc., a leading provider of HR technology solutions for human resources, payroll, benefits, and insurance services, is sharing new insights from a survey of 500 business owners with one to 500 employees about the impact of data security on their organizations. According to the Paychex study, despite the…

With Hurricane Looming, Create a Simple Family Communications Plan Now

It’s a terrible feeling, not being able to get in touch with family and close friends when a natural disaster strikes. Sentinel advises that Carolinians in the path of Hurricane Dorian have some kind of family communications plan to send and receive information in the event of widespread, or prolonged, power and telephone outages. That…

Registration Is Now Open for the 39th IRMI Construction Risk Conference

International Risk Management Institute, Inc. (IRMI), has opened registration for the 39th IRMI Construction Risk Conference (CRC). The Conference will be held November 10–13, 2019, at the Washington State Convention Center in Seattle. Each year, CRC brings together more than 2,000 leading project owners, general contractors, subcontractors, developers, insurers, and insurance agents and brokers for 3…

The Question Is Not If Your Business Needs a Crime Policy, But Why

Crime is one of the most misunderstood commercial risks in the insurance industry today. There’s a tendency, especially among the owners of small-to-midsize businesses, to think of crime as a danger that exists outside the walls of their establishment. Keep the proverbial doors locked tight, and the bad guys can’t get in.  But the reality…

Sentinel Releases 2019 Insurance Market Review and Forecast

Sentinel’s 2019 Insurance Market Review and Forecast reveals an industry grappling with an increasingly complex array of risks, uncertainty over integration of new technologies, a continual reshuffling of metaphorical chairs amid mergers and acquisitions, and a growing realization among carriers that they can no longer count on cyclical shifts in the market to deliver the…