MRG - Madison Risk Group, LLC

Yesterday, MRG had the exciting opportunity of attending the annual Gamma Iota Sigma, Sigma Chapter spring intern reception at Temple University. It was a wonderful experience connecting with the next generation of insurance professionals. Thank you to Yvette D. Styer CMP, R.B. Drennan, Jr., and Gamma Iota Sigma, Sigma Chapter for hosting such a great event and allowing us to attend!? #riskmanegement #insurance #insuranceprofessional #constructionriskmanagement

As U.S. bridges and infrastructure age and deteriorate, the growing risks and heightened demand for specialized insurance coverages are becoming more and more apparent. With many bridges nearing the end of their life cycle and the threat of natural disasters on the rise, contractors and insurers alike must begin to take proactive measures to deal with the heightened risks. Many insurers have even begun developing tailored programs to account for the unique challenges posed by bridge construction, aging infrastructure, and natural disaster events. As new bridge construction and reconstruction projects begin, construction managers must work closely with insurers to understand the unique perils posed by their challenging nature. Read the article below to learn more about the importance of a comprehensive insurance program when constructing or maintaining bridge infrastructure: #construction #insurance #riskmanagement #constructionindustry #risk https://lnkd.in/gRFV8mj4

As with any project, the risk of fire poses many challenges. However, with renovations of historical building the challenges become more and more unique. Many of these old structures were often constructed with flammable materials and have outdated electrical systems, which require contractors to be extra cautious when taking on a renovation project. It is essential for contractors to evaluate potential hazards, implement proper fire protection, and engage with safety professionals who have experience in both historical preservation and modern safety techniques. Read the article below to learn more about historical renovation projects and the hazards that come along with them: #construction #constructionindustry #riskmanagement #insurance #risk ?https://lnkd.in/eGWUD7xb

Starting this month, OSHA will begin cracking down and tightening regulations regarding Personal Protective Equipment. The new regulations require that employers ensure that employees are both properly trained on the use of PPE and provided with form fitting equipment to ensure the highest standards of safety. The move aims to continue to make a push towards higher safety standards and ensuring safer working environments in 2025 and beyond. Read the article below to learn more about the regulations and the necessary steps you and your company must make to ensure compliance: #construction #constructionindustry #safety #jobsitesafety #PPE https://lnkd.in/g-iHHXQu

With an increase in cyberattacks and theft, construction managers as well as their jobsites are becomingly increasingly vulnerable to both digital and physical threats. To protect themselves, companies must adopt security strategies that provide protection for both their digital infrastructure and their tangible assets. By combining traditional jobsite security measures with those that tackle the risks posed by modern technology, contractors can safeguard their digital infrastructure, their equipment, and most importantly their jobsite. Read the article below to learn more about cyber risks and how you can protect your company and jobsite: #construction #cyberrisk #constructionindustry #jobsiteprotection #insurance https://lnkd.in/ebsXw_sZ

With winter fully upon us, it’s a good time to think about how to keep jobsites safe and productive through the cold weather. Simple steps including, but not limited to,?winterizing equipment, creating snow and ice management plans, and ensuring workers are properly prepared for the conditions can make a great difference in increasing jobsite safety. Safety aside, by implementing these simple adjustments, construction managers can also aim to increase the productivity in their workforce as they tackle the challenges posed by the winter months. Read the article below to learn more about how you can better protect your jobsite this winter: #construction #constructionindustry #safety #productivity #winter https://lnkd.in/e6DkzpRM

As the construction industry continues to evolve, the importance of comprehensive risk management strategies becomes more and more critical. A recent report suggests that although the industry is rapidly advancing in the way of new technology, many companies are greatly underestimating their exposure to cyber risks. One of the most important risk management strategies that contractors can employ against cyber risks, is ensuring that they have a comprehensive cyber insurance program. Cyber insurance not only provides contractors the necessary protection from data breaches but can can also aid in mitigating subsequent losses. In today’s evolving construction landscape, prioritizing the safety of an organization’s digital infrastructure is of the utmost importance. Read the article below to learn more about how you can protect your organization from cyber risks:? #constructionindustry #riskmanagement #cyberinsurance #insurance #construction https://lnkd.in/eV2Q-fCj

Back injuries are an all-too common issue in the construction industry, but early intervention can be game-changer in prevention and recovery. Addressing concerns early on can significantly reduce the likelihood of long-term pain and disability. Additionally, by emphasizing the importance of proper ergonomics and regular training, companies can greatly increase the safety of their workforce and minimize the risk of injury. Enhancing safety standards and instilling proactive strategies not only protects the individual worker, but has the potential to drive productivity on the entire jobsite. Read the article below to learn more about how you can combat back injuries and enhance jobsite safety.? #construction #constructionsafety #safety #constructionindustry https://lnkd.in/eEMsac9u

As the construction industry continues to grow and evolve, companies must also develop innovative strategies for attracting and retaining new talent. From advanced equipment to immersive safety programs, it’s no secret that technology has become infused with the construction industry. However, moving forward companies must also begin to integrate advances in technology with the way they source potential employees. By leveraging innovation through the use of digital platforms and immersive training programs companies can reach wider audiences and retain employees with vast skillsets. Read the article below to learn more about how you can integrate advances in technology to navigate the challenges of an evolving workforce.? #construction #constructionindustry #technology #workforce https://lnkd.in/eBN5DGSK

Due to a surge in work-zone related accidents, safety has become more critical than ever. To combat the risks associated with work-zones, experts advocate for better traffic management, clearer signage, and more intense safety training. Furthermore, frequent safety checks and proactive risk management strategies can help companies stay ahead of potential tragedies. Unfortunately not all risks can be avoided, but by implementing stronger safety procedures companies can drastically reduce the impact of potential losses. Read the article below to learn more about how you can create a safer working environment within construction zones:? #riskmanagement #construction #workzonesafety #safety #constructionindustry https://lnkd.in/d4gdPFD8