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Keeping Up with the Evolving Construction Industry

Construction Business Owner

The high-interest rate environment has caused slowing of multi-family starts in some areas. Munich Re Specialty offers a wide range of insurance solutions and services for your construction business during challenging market conditions. Contracting firms must constantly adapt to changing market conditions. © Copyright 2024.

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How to Insure the Uninsurable

Construction Business Owner

Any number of things can go wrong in an environment where there are so many moving parts (and people). In a perfect world, each detail and project variable would be planned out. But then there's the world we live in, and it's not so perfect. And often, many things do go wrong.

Insurance 237
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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Fortunately, crane and rigging insurance provide protection and compensation. However, understanding these insurance policies is key to maximizing your benefits. What is crane and rigging insurance? Other common crane and rigging insurance types include: Boom truck operator insurance.

Insurance 174
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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

These cost escalations can directly correlate to higher insurance premiums, reduced risk appetite from insurance carriers, and a lack of policy extensions for project policies. However, in the face of rising costs and shifting risk landscapes, these insurance options are becoming increasingly complex to navigate.

Risk 354
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Protecting Your Business & Recovering From a Major Loss

Construction Business Owner

The still-evolving circumstances of the COVID-19 pandemic paired with construction’s already demanding work environment has the industry operating at the height of caution and risk management. But for business owners, now is as crucial a time as ever to assess some of the more familiar pillars of protection: insurance. Alex Headley.

Risk 334
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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

Insurance 156
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Working to Reduce Risk in Your Company

Construction Business Owner

Currently, the construction insurance marketplace, excluding health insurance, proves to be a favorable environment for the insurance buyer.

Risk 208