In early 2010, the surety industry finds itself feeling like coastal residents in the Southeastern United States do when monitoring a Category 5 hurricane in the Atlantic Ocean.
There is no line item on a construction company’s income statement titled “Cost of Risk,” but this is typically one of the industry’s largest and most volatile expense items.
The good news is we have all heard the government stimulus package will create thousands of public projects and hundreds of thousands of jobs in the construction industry.
As a business owner you’re likely used to taking some risks, but taking risks with the insurance that covers your business vehicles is never a good idea.
Construction is a risky business. Successful contractors can reduce risk to their balance sheet by managing and mitigating their contract risk with their clients and subcontractors.
Several days of relentless rain were starting to cost real money. Like all construction companies, this excavation specialist had built weather delays into the contract for its work on a major new office building project.
With fewer construction companies competing for work in a still healthy construction market, opportunities to expand market share are within reach for some.
Managing your insurance budget is a little like controlling your weight. If you want to maintain your current level or even drop a few pounds, you can watch what you eat, you can exercise’or ideally, do both.