Safety
The Construction Surety Industry: Looking Ahead
According to data published by Aon Insurance, surety division, total construction industry surety losses in 2019 were fairly favorable at fewer than 20%. Initially, this trend was expected to continue into 2020, subject to any financial issues related to megaprojects currently in place. But the impact of COVID-19 has increased surety exposure to a much higher level, similar to other credit programs.
By Todd A. Feuerman
April 10, 2020
Topics
Safety
by Todd A. Feuerman
Todd A. Feuerman, CPA, MBA, CCA, is a director in the Audit, Accounting and Consulting Department of Ellin &Tucker in Baltimore, MD, where he oversees audit, accounting, consulting and tax services for general contractors, specialty subcontracting and government contracting firms. He also serves as chairman of the firm’s Construction Services Group. Feuerman also serves on the NASBP CPA Advisory Council. A published author and seasoned speaker, Todd is well versed in a variety of issues affecting the construction industry including succession planning, obtaining funding, successful financial bids and much more. He received his BS in accounting from Towson University and MBA in accounting from University of Baltimore’s Merrick School of Business. Contact him at 410.727.5735 x 3066.
Related stories
Safety
How Contractors Can Ensure Compliance With Security Measures for Concert Venues
By Grace Calengor
Safety and security may not sound very rock ‘n roll, but they are what ensure the show goes on. Despite contractors’ best efforts, sometimes initial safety and security designs don’t cover it all. Make sure your company knows what to do if it comes to litigation.
Safety
Improving Equipment Security to Mitigate Physical and Digital Threats
By Ellie Gabel
While many companies are bolstering their fleets and workforce against cyber attacks, some still don’t think it’ll happen to them—until it does.
Safety
Breaking the Silence
By Chris Hopper
The construction industry is facing a silent but critical challenge: employee mental health. One in four construction workers has admitted to contemplating suicide—one of the highest rates across all sectors. Companies can no longer be silent.