Being a contractor is risky business. You face many challenges just trying to make ends meet. The constant risks include:
- Obtaining the land required for the project
- Lack of equipment
- Shortage of material
- Delayed shipments of material
- Unsatisfactory workmanship
- Safety concerns
- Subcontractor’s financial stability
- Insufficient planning
- Weather and climate
- Financial situation of Suppliers
- Modification of laws and regulation
- Delays in project approval and permitting
- Non-existent supervision
- Bureaucracies (Towns, Cities, States)
- Complying with government regulation
- Delay in insurance claim processing
- Cash flow problems
- Deficiency in economic resources
- Incorrect design
- Change of scope
- Pollution
- Biological damage
We’ve been working in this business for over 50 years so we have the knowledge and expertise to insulate you from many of these risks. Eliminating many of these exposures allows you to give more attention to the factors within your control, and stop worrying about the ones out of it. We can provide excellent coverage, extremely competitive pricing, expert claims advice, legal assistance, and provide bonds amongst other services. Let us help you navigate the journey of being a contractor.
