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…
Sentinel Presents “An Evening with Dr. Harry Broadman: Gaining Advantage in the Global Economy”
Renowned economist Dr. Harry Broadman will offer groundbreaking insights to shape how North Carolina businesses can and should gain advantage in the global economy at upcoming speaking engagements in Charlotte and Raleigh. Sentinel will host Broadman on November 7 at the Mint Museum Uptown in Charlotte, and on November 8 at the Carolina Country Club…
Why You Should Consider Builder’s Risk Insurance
Construction is a risky business, which is why builder’s risk insurance can help your business. Unforeseeable forces, like fire or other natural disasters, can destroy or damage new construction. They can also push back the timeline causing financial harm to owners and subcontractors. What is Builder’s Risk Insurance Builder’s risk insurance is a type of…
Construction Defect Limitations Periods and the Duration of Your Risk in the Carolinas
Contractors often understandably assume that the end of a contractual warranty period marks the end of their potential liability on a project. Unfortunately, while a warranty can effectively limit obligations to make certain repairs, liability for defective construction does not end with the warranty. Instead, the duration of risk is primarily determined by two types…
