Construction

The construction industry is facing numerous challenges poised to shape how it operates. With construction clients of all disciplines and sizes, we understand the major exposures you face and help you mitigate and manage that risk.

From safety concerns and workers’ compensation to insurance and bonds, we work with you to safeguard your business and its employees. Our risk control consulting provides fleet safety, job site evaluations, contract review, pre-construction surveys and custom training. Our team of construction experts understands your unique risks to help you avoid risk and manage claims.  

Top Risks Facing the Construction Industry

1. Nuclear Verdicts & Rising Legal Expenses: Bring heavy financial burdens, reputation damages and increased insurance costs for construction firms. This can lead to project delays, heightened expenses and threats to your success.
2. Labor Shortages: With 459,000 unfilled positions, firms should expect increased accident rates and insurance claims,  impacting project timelines and operational costs.
3. Sustainability Issues: Pressure to adopt eco-friendly practices due to environmental regulations and consumer preferences may lead to challenges in obtaining insurance.
4. Technology Advancements: Innovations like 3D printing, robotics and wearable safety sensors can automate tasks, improve efficiency and enhance safety. Technology adoption brings elevated cyber exposure.