Risk

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...

The highest-profile performers need extra security to do their jobs—and so do the buildings in which they perform. Those extra security measures are often taken before the venue is even built and carried out long after the artist has left the building. When security and construct...

Anyone connected to the construction industry understands the importance of critical-path method scheduling. CPM schedules help identify the activities required to complete a project, as well as help determine critical activities that absolutely can’t be delayed. As a contractor...

As the world is taken by storm—literally, with increasing hurricanes, tornadoes, wildfires and more—insuring construction projects and infrastructure is becoming more complicated yet more necessary. Sean Pender, senior vice president of construction and development at CAC Special...

Surety bonds have played a crucial role in public and private infrastructure development for nearly a century and continue to adapt to the evolving needs of the construction industry. According to an Ernst & Young report titled “The Economic Value of Surety Bonds,” surety bonds o...

For construction contractors, securing surety bonds is not merely a formality, but a critical aspect of business operations. Surety bonds serve as financial guarantees that contractors will fulfill their contractual obligations, providing assurance to project owners and stakehold...