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Getting Back on Track: Handling Construction Losses

In the construction industry, unexpected losses or damage to a project can bring work to a grinding halt. From weather events and accidents to theft and vandalism, construction sites are vulnerable in many ways. When disaster strikes, taking swift and strategic action is key to getting the project back on track with minimal delay or financial impact.

We've compiled this checklist of loss response steps that every contractor should have on hand before trouble occurs. Being prepared with a plan for investigation, documentation, mitigation and communication can make all the difference when you suddenly need to file an insurance claim and restart damaged work.

Secure the Site and Account for Safety

The first priority is always to protect human life and prevent further harm. Make sure the area is safe and that all staff are uninjured and evacuated if necessary. Then take reasonable steps to secure the site against more damage or liability issues.

Report and Document

Once the initial crisis has passed, it's vital to promptly notify your insurance broker and carrier. Provide as much detail as possible about what was damaged or lost and how. Thorough documentation is key - inventory all affected property and its condition before and after the incident. Take extensive photographs and videos, gathering evidence to give adjusters a clear picture.

Save What You Can

Work closely with your insurer to determine what efforts to salvage, protect and rebuild are considered reasonable under your policy. Keep diligent records of activities performed and expenses incurred. Some common mitigation steps are weatherproofing damaged structures, removing debris and contaminated materials, and implementing temporary safeguards like fencing.

Stay Communicative

Continue providing frequent updates to keep your carrier in the loop on cleanup and restoration efforts. Before hiring reconstruction contractors, vet billing rates and conditions upfront to avoid surprise charges. Be aware that signing over payment rights or incurring unnecessary fees may not be reimbursable.

By taking these proactive measures when the unexpected strikes your worksite, you'll demonstrate full cooperation and set your rebuilding efforts up for success. With an experienced insurance broker as your partner, you can regain control of your project's trajectory.


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