Navigating the Intricacies of Construction Insurance - James Tasca, Tonry Insurance Group
Manage episode 408513138 series 3564404
In this episode of Construction Tech Talk, host Nick Peret from Better Boss and guest James Tasca from Tonry Insurance Group explore the intricate world of construction insurance. James brings a tech background to his role in insurance, providing a unique perspective on improving safety and security in construction projects through innovative solutions. They discuss the importance of having the right insurance coverage for various construction trades, the risks associated with different types of work, and the benefits of working with insurance agents to navigate the often confusing process of choosing insurance plans. Additionally, the conversation covers the evolution of construction insurance, the impact of technology and costs, and practical advice for contractors on managing policies and ensuring adequate coverage. James also shares insights on builder's risk insurance, the significance of general liability, and the future of construction insurance.
00:00 Introduction to Construction Tech Talk
00:21 Guest Introduction: James Tasca from Tonry Insurance Group
00:48 James Tasca's Journey from Tech to Insurance
01:26 Understanding the Importance of Insurance in Construction
03:07 The Challenges of Understanding Insurance Policies
03:17 Tips for Understanding and Choosing Insurance Policies
04:22 The Importance of Clear Communication in Insurance
04:47 Understanding the Differences in Insurance for Different Trades
06:56 The Risks and Costs Associated with Different Trades
08:21 Understanding the Role of Insurance in Protecting Your Business
09:51 The Importance of Correctly Registering Your Business for Insurance
12:23 Tips for New Businesses Seeking Insurance
14:57 Understanding the Role of Subcontractors in Insurance
17:23 Understanding the Role of Umbrella Policies in Insurance
20:26 The Importance of General Liability Insurance 22:31 Understanding General Liability Policy
24:11 Common Errors in Insurance Policies
27:44 The Importance of Builder's Risk Insurance
32:04 The Role of Insurance in Meeting Project Deadlines
35:09 The Future of Construction Insurance
38:45 The Importance of Detailed Record Keeping
40:23 Words of Wisdom and Conclusion
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