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How to Set Yourself Apart in the Construction Bidding Process

As a contractor, you’re intimately involved with the bidding process. But if you’re looking to expand your business, you might be on the lookout for tips and tricks that will help you stand out from the competition. Luckily, there are a number of ways you can set yourself apart in the construction bidding process, and …

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What’s the Difference Between Construction Bonds and Insurance?

Bonds and insurance are both critical risk management tools for the construction industry, but they perform different functions and have distinct features. A surety bond is a financial instrument. It financially guarantees that if the principal (the contractor) fails to meet contractual obligations (such as finishing a project, following through on a bid, paying subcontractors …

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Social Media Marketing: Getting the Most Out of Instagram and Facebook

Look around and you’ll see everyone on their phones, tablets, or computers checking out the latest social media posts from families, friends, influencers, travel logs, restaurants, hotels, etc. They’re also checking out the latest for home renovation inspiration, building trends, other construction-related ideas. As a contractor, having a social presence on platforms where you can …

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Inside Contractor’s Professional Liability Insurance

Contractors Professional Liability (CPL) insurance protects contractors from financial losses associated with claims of alleged negligence, errors, or omissions in their professional services. Who Should Carry CPL Insurance? Construction managers; general contractors; and artisans and tradespeople such as plumbers, roofers, and electrical contractors should carry CPL coverage, as errors in professional services on a construction …

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Why Contractors Need Excess Liability Insurance

Today’s risks coupled with a litigious environment require contractors to look carefully at their Liability insurance program to make sure they have enough coverage in place in the event of a serious loss for which they are found to be responsible. While underlying policies such as Commercial General Liability (CGL) or Commercial Auto insurance address …

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