Risk

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...

Construction companies pitch to new clients and evaluate project proposals every day. For growing businesses, finding time, focus and a standardized process for selecting clients and projects can be challenging. Many experienced contractors streamline their decision-making by usi...

Construction disputes continue to be catastrophically expensive, with costs rising steadily. This upward trend is expected to persist into 2025, with a significant amount in the total number of disputes rising in recent years. For general contractors working alongside engineers ...

Construction insurance premiums have surged in recent years due to larger project sizes and rising labor and material costs. The insurance industry is responding to fluctuations in construction expenses—including inflation, changes in building requirements and shortages of skille...

The renovation of historic and unique buildings is both a labor of love and a huge responsibility. Rich in stories and architectural beauty, these structures link communities to their past. However, giving new life to these iconic buildings through renovation projects can place t...