Construction Insurance Blog

Construction Market Overview

As the year draws to a close, we thought it would be helpful to look ahead at the construction industry and see what’s in store for 2024. Over the past few years, supply chain issues, labor shortages, economic uncertainty, inflation, and rising interest rates have challenged the construction industry. However, even with these factors, demand […]

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 […]

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 […]

Inside Builders Risk Insurance

You’re planning work on a new build or renovation project, so it’s time to get Builders Risk insurance. A Builders Risk policy is temporary Property coverage designed to protect buildings and structures under construction or renovation. Coverage ends when the project is complete, with policies typically written for three, six, nine, or 12 months. Under […]

Your Top 5 Questions About Insurance, Answered

These days, when a customer has a question, the first place they turn to is the Internet. For better or worse, Google has become our trusted source of advice on all things, including insurance! From the general to the specific, search engines are ready to pop out answers to life’s queries. From personal to business […]

Toolbox Talks: Safety on the Job

Construction sites are inherently hazardous environments, with the most common types of injuries being slips and falls, struck by an object, electrocution, and caught in between. Here are some essential safety reminders to help prevent on-the-job injuries. Personal Protective Equipment (PPE) Most injuries from being struck by an object, such as being hit by a […]

Why It’s Important to Get Referrals and Reviews from Customers

When finding a contractor to work on a house or office, the first step people take is to ask friends and family for a referral. Or they look online to see what customers say about a contractor’s work in their area. Let’s look at several ways referrals and reviews from your customers can help boost […]

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 […]

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 […]