Key Trends Impacting Construction Contractor Liability in 2025
Posted: March 17, 2025
The construction industry is constantly evolving, and contractors must stay ahead of the curve to manage risk and liability. In 2025, four key trends will significantly impact construction contractor liability: purchase limits required by contracts, increased construction project repurposing, rising costs, and a lack of qualified labor. Trend 1: Purchase Limits Required by Contracts Contracts are becoming more complex, with purchase limits and requirements that...
Steps to Reduce Business Risk
Posted: February 3, 2025
Running a business comes with inherent risks, but proactive steps can help reduce vulnerabilities and secure your company’s future. Here are key strategies to minimize business risks: Identify Potential Risks: Conduct a comprehensive risk assessment to identify vulnerabilities in your operations, finances, and market position. Common risks include supply chain disruptions, cybersecurity threats, and economic downturns. Secure Adequate Insurance: Ensure you have appropriate coverage, such...
Five Ways Commercial Businesses Can Prevent Losses and Lower Insurance Costs
Posted: January 24, 2025
Running a commercial business comes with risks, but taking proactive measures can safeguard your operations, minimize losses, and potentially reduce insurance premiums. By focusing on prevention and risk management, businesses can protect their assets while saving money. Here are five strategies every commercial business should consider: Invest in Comprehensive Security Measures Protecting your business against theft, vandalism, and cyber threats is critical. Some key steps...
The Business Of Insurance
Posted: December 28, 2024
Business Risk There is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small enterprise or a large corporation. Business Insurance There are insurance companies, which...
Risk and Insurance Outlook
Posted: December 21, 2024
Are you concerned about the future? Is your risk management program designed and prepared for changes in pricing, economic downturns, healthcare, changes in employment laws and the upcoming political elections? A broker or agent who cares about your business will be on the forefront of change. Part of providing outstanding customer service is helping clients understand how current and future trends may affect their risk...