Risk

It’s clear that, at least for the next year or more, the construction industry can expect unpredictable cost variations. What can construction companies do to insulate against cost fluctuations? How can they mitigate risks related to supply-chain issues, labor shortages, and inc...

After a wildfire, the air is thick with smoke and the scent of burnt vegetation—remnants of a once vibrant landscape now reduced to charred earth. The rebuilding process includes assessing fire risks and implementing strategies to improve resilience against future wildfires. But ...

As the world continues to experience a rapid surge in electricity demand, driven by transformative industries and technologies, the need for robust power generation and distribution infrastructure has never been more critical. The rise of data centers, artificial intelligence, el...

The phone vibrates at 2 a.m. A project manager's voice, tense with urgency, reports a water main break at the largest jobsite. The foundation, poured just yesterday, sits submerged. In the dark hours before dawn, dozens of questions demand immediate answers: How to notify the con...

Construction projects face countless risks—from unexpected delays to storms, theft and more. While cost considerations may make it tempting to underinsure a project during construction, doing so leaves your investment liable for damages that far exceed builder’s risk insurance pr...

Contact with electricity is one of the leading causes of fatalities in the workplace. The construction industry experiences over four times the number of electrical fatalities than any other leading industry, according to the Electrical Safety Foundation International. The hard ...

As electric vehicles are reshaping industries and accelerating innovation, the growing number of EV battery manufacturing facilities remains critical to this transformation. In 2019, two EV battery factories were operating in the United States, and another two were under construc...

How does a contractor’s existing workforce and recruitment, training and retention programs impact its ability to obtain bonding? Dennis Ferretti Vice President, Contract Surety Philadelphia Insurance Companies Ben Franklin said, “An investment in knowledge pays the best inter...

Construction businesses have faced a rising tide of challenges since the pandemic. The labor shortage, worker safety threats and more have created a difficult environment for business owners to find opportunities for growth while keeping their operations running smoothly and safe...

Construction is an inherently high-stakes industry, where lawsuits, accidents and unpredictable events can jeopardize a company's financial health. While traditional insurance policies provide foundational coverage, they often fall short of addressing the full spectrum of risks c...