Navigating the Intricacies of Construction Insurance - James Tasca, Tonry Insurance Group

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