Those risk managers who buy construction insurance, and the brokers and agents who help arrange construction insurance coverage, know that the construction insurance world presents many special challenges. Construction companies have been weakened by the recession, the economy is still in recovery and profits are harder to come by, making it more important than ever for risk managers to get the best builders' risk coverage available. This special section dedicated to construction insurance will keep you informed about key trends with featured reports, interviews with experts, white papers, recommended resources and the latest news.
Head of the Line
One old-time financing method could give budget-squeezed governmental agencies needed capital flexibility to immediately pay for infrastructure repairs—but the surety industry, contractors and lenders would have to modify their business models first.
Many small and midsize contractors don't consult their surety-bond underwriters soon enough after running into trouble that could trigger a bond—an event that threatens a contractor's ability to remain in business.