Construction Insurance Blog

  • Market Outlook: Landscapers

    Landscaping services include initial landscaping and ongoing maintenance for commercial and residential clients. Chemical line and pest control, “line-clearing” (branch removal around utility lines), irrigation systems, landscape construction, and tree care are all possible services. In addition, some landscaping companies offer snow removal services during the winter months (policy must be endorsed to include the  more »

  • Professional Liability 101

    Contractors understand the need for General Liability insurance to protect against third-party bodily injury liability and property damage liability losses. Claims may involve a third party slipping and falling on your premises or a job site or your finished work causing bodily injury or property damage. When seeking bids on a project, a client will  more »

  • Small Business Marketing Strategies Contractors Need for 2023

    It’s no secret; 2022 brought with it economic uncertainty, labor shortages, and supply chain issues-all of which impacted contractors and small business owners around the globe. While the world continues to change, adapting to industry trends is key to keeping your construction company alive during these challenging times. From developing a brand mission to implementing  more »

  • The Contractors Guide to Digitizing Payments

    There is no doubt about it; we’re living in a digital world. While it may feel challenging to stay up to date on all the online marketing trends as a small business owner, the Internet has certainly made many aspects of being a contractor easier. For one, you can connect with clients and prospects with  more »

  • What to Know About Holiday Decorations

    As the holiday season kicks off, many homeowners are ready to decorate their homes – from adding some lighting to frame a home’s windows to creating an extravagant winter wonderland that includes extensive exterior light installation, a Christmas village, a nativity scene, Santa and his reindeer, candy cane lane, and other holiday decor that attracts  more »

  • Contractor Tips on Pulling Permits

    Before contractors begin a project, they must pull all the necessary permits. Issued by a government agency, a building permit is an official document that approves construction, alteration to a piece of property, and, in some cases, a remodel project. Building permits are required, as they create uniformity and help maintain building standards for public  more »

  • Special Insurance Endorsements 101

    Your insurance policies are in place to protect you against liability exposures. It’s important to understand that endorsements are available and designed to change a policy’s terms and conditions. Often, these policy endorsements are requested before starting a project. Let’s review specific endorsements typically requested of contractors. Primary Wording “Primary” wording in a policy means  more »

  • Tool & Equipment Coverage: Why You Need It

    Your contractor’s tools and equipment are instrumental to your livelihood. If they get stolen or damaged, you won’t be able to continue on a job until they are replaced or repaired. Without the right type of coverage, this can be costly. You can’t afford the out-of-pocket expenses, downtime, loss of revenue, and potential damage to  more »

  • A Contractors Guide on How to Start (And Grow) a Small Business

    Starting a small business from the ground up may seem daunting, but fear not, as there are many resources at your disposal. From getting started to marketing strategies to insurance coverage plans, here are some tips to get your construction firm up and running successfully-and safely. Create a Business Plan First and foremost, it’s time  more »

  • A Lesson in General Liability 101 for Contractors

    As a contractor, there are many hazards at both your business location and on job sites. Risk is an inherent part of the construction industry. General Liability insurance is designed to respond to the various exposures you face. Here’s a rundown of how this insurance policy protects your business. A CGL policy covering third party  more »

  • How to Solicit Reviews for Your Construction Business

    Contractors, your small business could be missing out on big bucks if you’re completing construction jobs and not asking customers for reviews. The fact is, whether consumers are looking to buy a pair of shoes or hire a trusty handyman, they’re turning to the power of online reviews to help them make the right decision.  more »

  • What You Need to Know About Hiring Subcontractors

    Whether you’re looking to supplement your staff or need an artisan or tradesperson with a particular skill, hiring subcontractors is a routine part of the construction business. Outsourcing helps you expand your services, speed up productivity, and increase your bandwidth, but that’s not to say it comes without a cost. Here are some guidelines to  more »

  • Building a Customer-Friendly Contractors Website

    Like most contractors, you have an online presence with a website that features the various services you provide – from residential to commercial and industrial construction work. Depending on when you created the website, you may be getting your money’s worth. On the other hand, if your site was built some time ago and hasn’t  more »

  • Get Ready: Cool and Wet Weather On-the-Job Tips

    On the heels of a hot summer for most of the country, it’s time to turn our attention to what lies ahead with cooler and wetter weather and keeping contractors safe on the job. Although many construction projects take place in the spring and summer, projects don’t pause just because it’s cold, wet, or icy  more »

  • Getting Paid: You’ve Got Options

    Running a successful construction company involves bidding on and winning a steady stream of projects throughout the year. Success involves meeting customer demands, including delivering quality work, meeting agreed-upon deadlines and budgets, and having an open line of communication with customers throughout the life of the project to keep them abreast of any changes (in  more »

  • Market Research: The Plumbing Industry

    The plumbing industry’s market size based on revenue in 2022, according to IBISWorld, is $128.7 billion. Plumbing is the seventh-highest ranked construction sector by market size and has increased faster than any other construction sector overall. A spike in home improvements over the last few years contributed in part to the growth in the plumbing  more »

  • Market Research: What’s Up in Roofing?

    The most recent roofing market report by the Better Business Bureau (BBB), “An Outlook on the Roofing Industry,” shows that 65% of roofing contractors are expecting sales to climb this year even in the face of ongoing challenges such as labor and material shortages. Although these shortages are expected to continue to remain high into  more »

  • Why Email Marketing Is Crucial for Your Small Business — and How to Start

    With so much business being conducted online these days, it’s essential to have a solid email marketing strategy. Even industries that seem to exist mainly offline, such as construction, can benefit immensely from email marketing. If you’re a contractor who has yet to implement a consistent email marketing strategy, read on to learn why this  more »

  • Why Google+ Can Help Your Small Business, and How to Get Started

    It may seem like there are an overwhelming amount of digital platforms required for the success of your business these days. Between Facebook, Instagram, Twitter, LinkedIn, TikTok…how can one keep track of which social media networks to prioritize, and which to dismiss? For contractors, it can be hard to tell. While many of the social  more »

  • Benefits of Buying Insurance Online

    The insurance industry has come a long way in providing clients purchasing options and flexibility. Depending on the type, size, and complexity of a business operation, including those in the construction sector, in lieu of making a half-dozen calls to shop around for coverage or visiting a brick-and-mortar office, with a click of a few  more »

  • 5 Negotiation Tactics for Construction Contractors

    One of the most important aspects of any construction project happens before the hammering starts. That’s right: agreeing on a contract. A successful contractor-client relationship comes with rounds of negotiation on both sides, and it often feels like the power is in the hands of the client – but it doesn’t have to be. Here  more »

  • COVID’s Impact on the Construction Industry

    When the pandemic hit in 2020, it brought a whole new meaning of clean at the office, on the factory floor, and at construction sites. On the commercial front, the demand for janitorial services and deep cleaning with an emphasis on sanitization and disinfection became routine once COVID entered our lives. Prior to COVID, standard  more »

  • Importance of Planning Ahead for Certificates of Insurance Requests

    An integral component of the construction bidding and performance process is obtaining certificates of insurance (COI). Without a COI, a contractor is unable to begin work on a project. Clients, including residential property owners, commercial real estate owners, municipalities and public entities, and general contractors (GC), all require that contractors show proof of insurance. A  more »

  • The ABCs of Common Insurance Terms for Contractors

    Insurance terminology can be daunting and sometimes confusing. We’re here to break down some of the common insurance terms with which contractors should be familiar when reviewing and discussing their policies. Actual Cash Value (ACV) In the event of property damage (to a building or automobile, for example), the policy includes how the insured property  more »

  • What to Know About Following OSHA Safety Requirements in Construction

    Every construction contractor is responsible for following the necessary regulations. When it comes to construction, every contractor should be exceedingly familiar with the requirements laid out by the U.S. Department of Labor, Occupational Safety and Health Administration, or OSHA. There is strict training required – and it varies from state to state. So how can  more »

  • Why Join a Construction Trade Association?

    With demanding schedules and tight budgets, some contractors see industry associations as a waste of their time and money. However, construction trade associations offer numerous benefits. They not only keep you on top of important industry trends and developments, but also facilitate networking with like-minded professionals. Below are some of benefits of joining a contractor’s  more »

  • What Is a Surety Bond?

    A surety bond is a contract between three parties-the principal (you, the contractor), the surety (typically an insurance company) and the obligee (the entity requiring the bond)-in which the surety financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond. In this way, the obligee can  more »

  • How Drones Are Making an Impact on the Construction Industry

    Advancements in technology are allowing construction sites to operate more safely and efficiently. It’s the 21st century, and construction is evolving to keep up with the latest technological advancements. Though it may seem like something out of science fiction, drones are the latest trend in the realm of construction. But what benefits do they bring  more »

  • Proper Planning Keeps Construction Projects Moving Forward

    A construction project could easily become derailed before ground breaks without the proper planning in place. The potential for project delays, overruns, and unhappy customers exponentially increases if proper planning is overlooked or compromised. Here are some tips to implement before your next construction project. Before creating the plan, meet face to face with your  more »

  • Heatstroke Awareness: Tips for Contractors to Stay Cool at the Job Site

    Construction activity spikes from May through September. It’s when a contractor’s work plate is full, particularly with new builds and home renovations. This activity coincides with the hottest months of the year around the country. Construction workers who work in extreme heat are susceptible to heat-related illnesses (HRIs) and injuries. The National Institute for Occupational  more »

  • What Kinds of Insurance Coverage Do Contractors Need?

    Construction sites are full of risks. From heavy equipment to dangerous machinery operated by employees, there are countless opportunities for people to suffer injuries and for properties to sustain damage. In the event of something going awry, it could be you who will be held liable. Without the proper coverage, this can potentially spell financial  more »

  • The Power of Referral Marketing in Construction

    Contractors are always looking to keep their crews busy with current and future jobs in the pipeline. You want to be able to leverage the ability to continually get jobs whether the construction market is booming or experiencing a slowdown. One of the best ways to boost lead generation is via referral marketing or word  more »

  • How Federal Interest Rate Hikes Are Impacting Contractors

    The U.S. inflation rate in March reached 8.25%, representing the fastest 12-month pace since 1981. In an effort to lower inflation, the Federal Reserve raised interest rates in March by 25 basis points and then by a half a percentage point in May, its largest rate increase since 2000. It’s expected that the Fed will  more »

  • 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 »