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Construction Benchmark report

Sep 12

Navigating Professional Liability in the Construction Industry

By Business Insurance, From the Experts
In the evolving landscape of construction, contractors often find themselves providing professional advice, straddling the line between design and construction. This shift has led to an increased exposure to professional liability, necessitating a closer look at Contractor’s Professional Liability Insurance.   General liability insurance covers bodily injury or property damage resulting from negligence, but what about financial damages caused by negligent professional advice? That's where professional liability insurance comes in handy. (more…)
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Jul 31

Unlock Insights with Our 2023 Construction Benchmark Report

By Business Insurance, Insurance, Insurance Update
As a business owner, you know that the decisions you make can have significant impacts on your success. That's why we have exciting news to share! Our latest industry-specific benchmark report focuses on the purchasing decisions of insurance buyers in construction, and we've just released our benchmark report for 2023. The construction industry generates $1.3 trillion of economic activity annually and employs almost 8 million people. As we navigate the uncertain economic climate, knowledge is power. In 2021, overall construction spending increased by 7 percent, while residential construction spending decreased this year. Infrastructure spending has seen an uptick-- thanks in…
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Feb 28

Construction Benchmark Report Now Available

By Business Insurance
You have a lot of decisions to make on a regular basis that have big impacts on your business. So we’ve got big news that can help you! As part of our series of industry-specific benchmark reports on the purchasing decisions of insurance buyers, we just published a 2021 Construction Benchmark Report that dives deep into the decisions made by construction company (more…)
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