Soaring project values, catastrophe losses, and nuclear verdicts are reshaping coverage terms across property, casualty, and surety lines for the construction sector, according to Aon.
Federally funded infrastructure projects propel recent surety market premium growth and demand for surety bonds among contractors and developers: AM Best.
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.