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.
Labor and interest rate issues have been top risk concerns for the construction sector in recent years. Construction supply chain risk management is also a key focus.
“Relationships are certainly important, but how well you serve your customer and help them solve their problems is how your level of success is defined.”
This family-run construction company improved care and reduced costs with telemedicine and a robust return-to-work program, emphasizing employee engagement and trust.