Construction Insurance

The construction industry is evolving rapidly by integrating emerging technologies like drones, artificial intelligence (AI), and innovative equipment. While these advancements improve efficiency and safety, they also introduce new risks that contractors must consider when reviewing their insurance policies. Explore how emerging technologies impact contractor insurance and why adapting your coverage is essential. Key Technologies Shaping the Construction Industry Technologies

Read more

For those starting a construction project, be it a homeowner building their dream home or a developer undertaking a large-scale commercial venture, ensuring project success is paramount. This involves navigating complex logistics, managing budgets meticulously, and fostering strong relationships with contractors and subcontractors. But one often overlooked element that plays a crucial role in achieving a successful project is trust. Why Do

Read more

Technology has become a driving force behind numerous industries, including construction equipment, in today’s rapidly evolving world. As the construction industry strives for greater efficiency, safety, and sustainability, innovative technological solutions have revolutionized how we build. These technological advancements have completely transformed construction equipment, making it smarter, more powerful, and ultimately more productive. Let us discuss in what ways technology

Read more

Construction project sites are busy environments. You’ll find lots of valuable tools, machinery, and materials everywhere. The exposure creates potential security risks. Criminals know that construction materials and tools are valuable in the current market. Thieves are a threat to enter construction job sites after hours unless strong security measures are in place. Companies victimized by theft have to deal

Read more

An effective risk management program must include several key components, like safety, claims management, contractual risk transfer assistance, bid and accrual support, loss-sensitive adjustment forecasting, construction defect allegation procedures, etc. Unfortunately, brokers with limited expertise and knowledge in building risk management and insurance may misunderstand these essential components or may not even be aware of them. The outcome can be

Read more