The improved economy has boosted construction starts, but a shortage of experienced trade workers has led to more on-the-job injuries and construction defects, says Doug Cauti, senior vice president and chief underwriting officer of Liberty Mutual’s construction practice.
The increase in injuries stems from mistakes such as falls from heights due to forgetting to tie off and tripping over items that could have been easily moved—things that experienced workers tend to avoid, Cauti says.
The first six months of employment are the most risky for new tradespeople.
Experienced workers who return to the job after a long layoff may need refresher courses in safety protocols, Cauti points out. Some may be more injury prone if they were physically inactive while they were out of work.
Insurance executives are also seeing an uptick in construction-defect claims, particularly in the apartment and condo markets which have been hot in some regions recently.
There is good news, though, for contractors—at least this year. Insurance rates are expected to hold steady or rise modestly for the remainder of the year for most construction clients.
(http://www.propertycasualty360.com/2014/05/07/building-on-a-rebound?t=es-specialty)
Related Stories
Codes and Standards | Feb 14, 2019
ISO publishes first global BIM standards
Based on British standard and a publicly available standard.
Codes and Standards | Feb 12, 2019
Property technology adoption accelerates in commercial real estate industry
New business models create disintermediation.
Codes and Standards | Feb 11, 2019
Investing in downtowns pays off for cities, regions
Benefits include driving tax revenue, business activity, and smart development.
Codes and Standards | Feb 8, 2019
Oslo, Norway’s downtown goes virtually car-free
Parking spots converted to bike lanes, transit is fast and easy.
Codes and Standards | Feb 7, 2019
New North Carolina energy code has extensive lighting control requirements
Includes automatic shut offs for buildings of all sizes.
Codes and Standards | Feb 6, 2019
Solar carports can help with California’s Title 24 mandates
Can be combined with virtual net-metering software and tax-enabled financing.
Codes and Standards | Feb 5, 2019
Milwaukee board approves rezoning for Western Hemisphere’s tallest mass timber building
Mixed-use tower would rise 21 stories high.
Codes and Standards | Feb 1, 2019
Mass. governor proposes real estate transfer fee hike for climate resiliency projects
Opposed by real estate and trade groups, plan could generate $1 billion in next decade.
Codes and Standards | Jan 31, 2019
New York City will reform construction bid process
Streamlined process intended to improve efficiency, reduce hassle for bidders.
Codes and Standards | Jan 30, 2019
New AGC program aims to diversify construction workforce
More diversity needed to keep pace with demand for workers.
