Masonry Magazine September 1968 Page. 33
partners. No coverage under the partnership's policy; the definition of persons insured clearly excludes automobiles owned or registered in the name of a partner under policies covering the partnership. Practical solution: The partner-owner retains prime responsibility to insure his own vehicle as would any other individual. Possibly covered under Umbrella policy, subject to the self-insured retention.
Example No. 7
An employee of a service station picked up Company A's automobile for repair, during the course of which he struck and injured a pedestrian. The resultant suit named the owner and the service station as well. The owner is protected, but no coverage for the service station or their employee; these are persons engaged in the automobile business as defined. Practical solution for the service station: Purchase of Garage Liability coverage applicable to their business operations, including incidental use of someone else's automobiles.
What? Not Covered! will be continued in next month's MASONRY.
COST-SAVING TRAILER
Mason contractors are prone to overlook expenses incurred when dismantled steel scaffolding is returned to their yard. These yard costs involve unloading the scaffold sections from a truck, finding storage space to stack them when not in use, then reloading for transport to the next job.
In a decision to hold yard costs down, Los Angeles contractors C. F. Bolster Company, fabricated in its shop a novel low-bed trailer specifically designed to handle 90 scaffold frames. They're easily unloaded and reloaded at job sites. Between jobs the trailer and its load of frames are left with load intact, and parked in the yard to avoid unnecessary handling. A chain looped around the 36 inch frames holds them upright.
Over each pair of wheels on either side of the trailer are compartments to accommodate crosses, horizontals, guard rails, and diagonals. Tools and additional accessories, up to the length of guard rail posts, may be placed in metal boxes located around the perimeter of the frame.
The trailer is towed by a 10-wheel truck whose body has been extended so it carries a load of 400 planks and more scaffold frames just behind the cab.
The sides on the truck body are hinged so that they may be lowered and additional time and labor saved by loading planks with a forklift truck.
Construction Expenditures To Rise
Construction expenditures in the United States will increase by $4 billion this year to a new high of $78.9 billion, or a gain of 5.3 per cent over 1967, according to a semi-annual industry forecast by Johns-Manville.
"Activity during the first half of 1968 has been relatively strong in relation to the last two years," George H. Martens, Jr., Vice President for Marketing, commented, "however, several factors point to a slowing down in the remaining six months. The rate of housing starts has averaged about 1.5 million so far this year," he noted, "but it is possible they may not sustain this level for the remainder of the year." Housing starts for the entire year should total at least 1.43 million, up eight per cent from 1.32 million in 1967.
Expenditures for private residential construction, the largest single segment of the industry, will be up 18.9 per cent to $28.03 billion, compared with $23.58 billion last year.
"All of this year's gains are in the private sector." Mr. Martens said, "with expenditures up by 9.4 per cent, compared with an overall 2.7 per cent decline in the public sector."
Mr. Martens pointed to the one significant exception in the private sector, a nine per cent decline in expenditures for industrial construction, down from $6.15 billion to $5.60 billion.
"The gap between capacity and actual manufacturing production has widened," he noted, "moreover, the tax increase and continued high interest rates will also dampen plant expansion plans."
Other private construction expenditures, however, are (Continued on page 36)