BCN 4708 Fall 2008

BCN 4708 Fall 2008

BCN 4708 Fall 2008 Chapter 8 Insurance Insurance What is Risk? Specific types of Risk Inflation Market

Principal Liquidity Credit Two categories of risk Speculative Risk Pure Risk What is Risk Management? Risk Management Risk Management Process

Identify and analyze loss exposure Evaluate alternatives Select the best techniques Implement Monitor and adjust Risk Management Return

Risk / Return Tradeoff Risk Risk Management Dealing with risk Identify Plan

Monitor Anticipate Improve company Insurance Transfer risk exposure Insurance Required Covers specific risk Selection is important Disclosure Bests Rating Guide

Insurance Types of losses Property Financial Liabilities Losses involving personnel Insurance Premium Rates

Property Full value Fire rate Flood rate Wind rate Etc Maximum values at risk

Credits for certain amenities Payroll or gross sales Location Reputation Insurance Builders Risk Property deductions Unoccupied All losses not excluded

Insurance Property insurance Covers losses due to destruction of personal or company property Replacement cost Value Coinsurance

Specific perils Exclusions Insurance Financial Loss Exposure Loss of net income Decrease in revenues and increase in expenses Business interruption insurance Covers rental equipment costs

Work stoppage costs Temporary relocation costs Insurance Business General Liability Exposures Legal liability losses Bodily injury Property damage

Other injury Caused by employees or subcontractors Occurrences Insurance Contract Liability Exposure Owner , Contractor, Surety Exculpatory Clauses Hold-harmless Indemnification

Contract Liability exclusion Insurance Other types of coverage Business Automobile Policy Workers Compensation Insurance Employee Benefits Liability Coverage Employment Practices Liability

Umbrella Liability Policy Personnel Loss Exposures Insurance Public Liability Insurance Need proof for initial license or to renew Signed affidavit Min requirements Different for different areas of construction No exemption

Insurance Workers Compensation insurance Certificate of registration Can obtain exemption Employee Deductions

FIT SIT Social Security Tax (OASDI) Medicare Tax (HI) SUTA SDI / Workers Comp Local Union Medical Dental

Recently Viewed Presentations

  • Chap:11Brass Instruments Trumpet French Horn Trombone  Tuba Flugelhorn

    Chap:11Brass Instruments Trumpet French Horn Trombone Tuba Flugelhorn

    Title: Slide 1 Last modified by: mahesp Created Date: 4/16/2008 1:36:09 AM Document presentation format: On-screen Show (4:3) Company: Winthrop University
  • April 2017 - Microsoft Teams

    April 2017 - Microsoft Teams

    Security teams trust. Get the enterprise-level security and compliance features you expect from Office 365. Microsoft Teams fits in the Office 365 collaboration portfolio by giving teams easy access to the information they need in a dedicated hub for teamwork....
  • #ProductTalks Great Agile UX How To Improve UX

    #ProductTalks Great Agile UX How To Improve UX

    Story time. UX Designer working in an agile environment, also doubles as a . wireframe monkey . from time to time. Mike wants to get his implementations live to please the stakeholders, but wants to make sure these solutions are...
  • The FINEST HOUR

    The FINEST HOUR

    1 John 2:18 (NIV) 18 Dear children, this is the last hour; and as you have heard that the antichrist is coming, even now many antichrists have come. This is how we know it is the last hour.
  • Chapter 1 Data Storage Chapter 1: Data Storage

    Chapter 1 Data Storage Chapter 1: Data Storage

    Data Storage Chapter 1: Data Storage 1.1 Bits and Their Storage 1.2 Main Memory 1.3 Mass Storage 1.4 Representing Information as Bit Patterns 1.5 The Binary System 1.6 Storing Integers Chapter 1: Data Storage (continued) 1.7 Storing Fractions 1.8 Data...
  • The Linear Instability Characteristics of the Coupled Wave ...

    The Linear Instability Characteristics of the Coupled Wave ...

    Estimated peak periods are compared with those measured by NDBC Buoy 46029 located approximately 37 km to the southwest. The flow out of the Columbia River varies depending on the stage of the tide and during periods of strong currents...
  • Αιματολογία Ι - Θ

    Αιματολογία Ι - Θ

    Η αιμόσταση είναι ένας φυσιολογικός και μεγίστης σημασίας ομοιοστατικός μηχανισμός για τον άνθρωπο ο οποίος περιλαμβάνει ένα σύνολο πολύπλοκων βιοχημικών μηχανισμών και μηχανισμών αλληλεπίδρασης μεταξύ κυττάρων ...
  • Thanksgiving - Suny Cortland

    Thanksgiving - Suny Cortland

    History of Thanksgiving The first Thanksgiving was in 1621 when the Pilgrims invited the Native Americans to a three-day feast to celebrate the autumn harvest. The Pilgrims and the Wampanoag also used this holiday to thank God for what they...