Financial Implications of Higher Insurance Premiums for Contractors
One way for general contractors to guard against risk is insurance, a requirement in many states. Insurance premiums are part of the cost of doing business. Those costs, however, are rising dramatically due to the added risks brought on by the pandemic.
Why insurance premiums are rising for general contractors
How did the industry find itself in this position? We discuss the forecasted market cycles that lead to the increase and what we can expect moving forward.
How rising premiums impact the construction market
Understand the landscape. We explain the key areas and cascading effects that rising premiums will have on the construction industry as a whole.
What can be done to lower insurance premiums?
Mitigate the effects. Read about how companies can take steps to reduce their insurance premiums and carve out better deals for themselves.