Construction Insurance Blog

  • Planning for Emergencies Helps Contractors Reduce Risks

    Many things can go wrong on a project, including an accident, injury, or property damage. Hazards on the job could result in worker or third-party injuries. Property damage from man-made disasters, such as a fire or explosion, or a natural disaster, such as a flood, hurricane, tornado, wildfire, or earthquake, can destroy a construction site  more »

  • Higher Used Truck Prices, High Cost of Fuel Impacting Contractors, Construction Industry

    Data from the U.S. Bureau of Labor Statistics shows that the price of used cars and trucks jumped up by 40.5% from January 2021 to January 2022. Used pickup truck prices have risen at a faster clip than new trucks, with the average used full-size pickup truck eclipsing $40,000 in 2021. Why the Hike in  more »

  • Contractor’s Guide to Ensuring You’re Paid In-Full and On-Time

    You work hard on the job, only to risk not being compensated. Your job as a contractor is already fraught with risk from various avenues – the last thing you deserve is to be at risk of not being paid in full and on time. Payment delays, however, are common in the industry, causing cashflow  more »

  • Effective Marketing Strategies for Small Business for Optimum ROI

    Unlike large corporations, most small construction firms and contractors don’t have a dedicated marketing department (or marketing employee, for that matter) with a big budget to bring in new business. This shouldn’t stop you, however. There are cost-effective, proven marketing strategies you can implement and execute that will help you target the right type of  more »

  • Minimizing Falls, Injuries in Construction: Ladder Safety

    March was Ladder Safety Month with the American Ladder Institute raising awareness on the importance of safety to prevent ladder-related accidents and fatalities at home and on the job. Let’s review some of the ladder and scaffolding safety basics for construction workers. An estimated 65% of the construction industry works on scaffolding or ladders on  more »

  • Design-Build Approach Reshaping Delivery of Construction Projects

    In recent years, construction project management has changed in favor of a streamlined process that minimizes friction, centralizes responsibility, and increases focus on quality and completion. The shift may benefit everyone involved. Traditionally, construction projects have involved project owners’ hiring the architect/designer and contractor separately. Under this approach, the project owner requests a bid for  more »

  • What to Include and Look for in a Construction Contract

    Construction contracts are one of the most critical aspects of a project. They define the parties involved, the work to be performed, how the work will be done and when it will be done, what materials will be used, and how much the project will cost, among many other things. Following is a list of  more »

  • 2022 Construction Industry Market Outlook

    Despite grappling with the ongoing effects of the coronavirus pandemic, 2021 was a strong year for the construction industry. Total construction spending reached a record high in July of 2021 and, since Q3 of 2020, the industry has added over $20 billion to the economy each quarter. While the road ahead is by no means  more »

  • What Is Construction Project Specific Insurance?

    Purchasing insurance can be a headache, and, with clients to please and employees to manage, the last thing you have time for is sifting through policy paperwork. Operating without insurance is costly, but so is operating while underinsured. It’s about finding the sweet spot, having enough coverage but not so much that you are paying  more »

  • A Look Inside Home Design and Building Trends

    With constant technological advancements and ever-changing tastes, the construction industry is always evolving. Staying on top of trends helps you interact more meaningfully with clients – it shows them your passion for and knowledge of your industry. As we usher in the new year, take a look at some of the top trends in building  more »

  • Top Tips on Getting Workers in Today’s Tight Labor Market

    Supply chain disruptions and delayed projects are not the only things hindering the growth of the construction industry. The Home Builders Institute cites “a lack of skilled construction labor” as the key limiting factor to the industry’s growth. They report that the construction industry needs 61,000 new workers per month over the next three years  more »