{"id":173,"date":"2007-05-03T10:19:40","date_gmt":"2007-05-03T14:19:40","guid":{"rendered":"http:\/\/www.environmentalriskmanagers.com\/erm\/market-alert-for-contractors\/"},"modified":"2007-05-03T10:19:40","modified_gmt":"2007-05-03T14:19:40","slug":"market-alert-for-contractors","status":"publish","type":"post","link":"https:\/\/estrategist.com\/members\/market-alert-for-contractors\/","title":{"rendered":"Market alert for contractors"},"content":{"rendered":"<p><font face=\"verdana\">Market alert for contractors  and those that hire construction services:  Over the last year  Environmental Risk Managers has experienced a steady rise in the number  of standard contractors around the country being required to have contractor&#8217;s  pollution liability (cpl) insurance in order to perform their construction  services.  An abnormally large percentage of contractors are finding  out they need cpl coverage when they try to collect their money at the  end of a job.  Client&#8217;s are holding money back until they see  proof of cpl coverage in force.  Environmental insurance carriers  as a general rule will not backdate.  If mold is required we are  dealing with an entirely different issue.<\/font><\/p>\n<p><font face=\"verdana\">If you are not in the practice  of reviewing your contractor&#8217;s contracts for environmental insurance  requirements prior to their bidding a job, offer this value added service  as your insured&#8217;s professional risk manager.  Besides a great value  added service you will be amazed how much additional business you\u00e2\u20ac\u2122ll  write.    <\/font><\/p>\n<p><font face=\"verdana\">Back in the late 80&#8217;s when  I got started in the insurance business we were working primarily with  asbestos, lead and other remediation contractors.  Most contracts  in the beginning did not require cpl coverage because most attorneys  did not know it existed.  Once a few losses got in the press and  attorney&#8217;s found out that cpl coverage existed, well a remediation  contractor that did not have cpl coverage was hard pressed to find work.<\/font><\/p>\n<p><font face=\"verdana\">Recently Wal-Mart has paid  over $4,000,000 in penalties and fines for storm water run off from  their construction sites.  Wal-Mart does not do the construction,  they sub this out.  Wal-Mart now requires contractors working on  their sites to have cpl coverage.  I could name off company after  company that is requiring cpl coverage for standard contractors so it  is now the norm not the exception.<\/font><\/p>\n<p><font face=\"verdana\">Generate more sales and add  value by taking advantage of this coverage issue going on around the  country.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market alert for contractors and those that hire construction services: Over the last year Environmental Risk Managers has experienced a steady rise in the number of standard contractors around the country being required to have contractor&#8217;s pollution liability (cpl) insurance in order to perform their construction services. An abnormally large percentage of contractors are finding&hellip; <a class=\"more-link\" href=\"https:\/\/estrategist.com\/members\/market-alert-for-contractors\/\">Continue reading <span class=\"screen-reader-text\">Market alert for contractors<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-173","post","type-post","status-publish","format-standard","hentry","category-resources","entry"],"_links":{"self":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/posts\/173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/comments?post=173"}],"version-history":[{"count":0,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/posts\/173\/revisions"}],"wp:attachment":[{"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/media?parent=173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/categories?post=173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/estrategist.com\/members\/wp-json\/wp\/v2\/tags?post=173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}