The market for construction general liability insurance has stabilized after several challenging years for buyers, but concerns over rising legal awards and settlement amounts persist, and capacity ...

This article is part of a sponsored series by IAT. The construction industry faces a new set of challenges each year, and 2024 is no exception. Although 2023 saw a 19.7% surge [1] in spending for ...

If you’ve ever retained a home-improvement contractor, you’ve almost certainly received enthusiastic assurances that he or she is “licensed and insured.” But what exactly does that mean the context of ...

Contractor liability insurance avails financial protection in a wide array of scenarios where your business accidentally causes harm to another person or their property. If your business is sued for ...

It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...

“Licensed contractors are required to adhere to state or local regulations and industry standards, ensuring a higher level of ...

Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts ...

Professional liability insurance protects your business if clients take legal action against you. Learn everything you need ...