All businesses are susceptible to employee theft even with background checks and other means of ensuring a quality workforce. Most employees who steal are first-time offenders with a clean employment history. Talk to an insurance broker to be sure there is proper coverage and prevention mechanisms to minimize risk in the construction business.
Financial Statement Red Flags to Detect Internal Theft: Construction Contractors Can Minimize Financial Damage by Recognizing Fraud
Financial statement fraud is a real threat to businesses large and small across all industries. The first line of defense against these criminal activities is the implementation of systems, policies and controls intended to safeguard an organization and deter fraud or stop it in its tracks at the first sign of detection.
Tips to Avoid Insurance Gaps for Construction Contractors
Construction projects involve a lot of moving parts and pieces. Digital project management solutions make it easier to keep these components aligned, but there's still room for unaccounted risks. Find out where you might have insurance gaps.
AIA Revises Insurance and Bonds Requirements: Construction Contractors Must Be Aware of 2017 Changes to AIA Contract Documents
The latest set of revisions to A201–2017 and the new Insurance and bonds exhibit make it easier for contractors to identify what is available and to select insurance for their project. Learn more about the changes here.
Three Ways for Contractors to Mitigate Risk and Lower Insurance Premiums
Here are three ways general contractors can mitigate risk and make their companies more desirable to insurance carriers.
Five Reasons for Contractors to Consider Environmental Insurance
Construction companies rarely consider that they may end up in court for performing work that damaged the environment, but it happens more frequently than contractors may think.
A Potential Gap in Indemnity Coverage
Commercial contracts in the construction industry generally contain indemnity provisions in which one party (the indemnitor) agrees to assume the liability of the other party.
2017 Insurance Market Forecast
The insurance industry’s surplus is currently at an all-time high—increasing nearly 50 percent in the last seven years—which means rates have begun to decline.











