Construction costs for a single data center location can exceed $20 billion — double once technology is installed — creating concentration exposures in catastrophe-prone areas, according to Swiss Re Institute.
Federally funded infrastructure projects propel recent surety market premium growth and demand for surety bonds among contractors and developers: AM Best.
Understanding the coverage gaps between general liability, professional liability, and pollution policies can help contractors avoid costly surprises when claims arise.
In this fictive scenario, a construction company’s founder dies suddenly, leaving his sons to discover a costly gap in their knowledge that threatens everything he built.
Multiple converging forces from climate change to AI adoption are fundamentally reshaping how insurers assess risk and process property insurance claims, according to Sedgwick.
Analysis of data reveals construction workers are nearly four times more likely to die from heat exposure than workers in other industries, with fatalities climbing 77% over the past decade, the CPWR reports.