Explore trends in complex construction coverage for every risk type, account size, and geographic area in the country. Learn from our dedicated team of brokers how your clients can safeguard projects and builders from unforeseen risks with our tailored coverage.
The Infrastructure Investment and Jobs Act (IIJA) marks one of the most significant physical infrastructure investments in the U.S. in more than five decades. Over the past 18 months, it has led to an increase in projects and jobs across multiple industries. As...
Owner-controlled insurance programs (OCIPs) are a type of “wrap-up” insurance policy that a property owner can take out for a construction or renovation project. Unlike the traditional construction insurance model — where each contractor or subcontractor secures their...
Surety bonds are an essential risk-management tool for the construction lending industry. They offer a financial buffer in the event that a project is left incomplete or fails to meet its agreed upon terms and conditions. Although bonds are often a required part of...
The past few years have been a figurative roller coaster ride for the construction industry. As construction continues to confront things like a declining workforce and inflation, we’re likely to see a few more twists and turns this year. Agents will need to keep a...
Between labor shortages, supply chain delays, interest rate hikes, and building valuation increases, It hasn’t been the easiest year so far for building contractors. The cherry on top has been insurance carriers issuing significant rate increases and cutting coverage...
2022 was a trying year for businesses and consumers alike, and 2023 will no doubt face its own set of challenges. In an interview with Insurance Business America, Mike Becker, CEO of the National Association of Professional Insurance Agents, offers encouragement to...
As we head into 2023, construction contractors should prepare for rate increases of at least 10 percent. Of course, this will vary business to business depending on changes to things like payroll, property values, and previous years’ losses. In addition, different...
Do you have clients who want to challenge certain Workers’ Compensation claims by citing employee misconduct? According to this recent Business Insurance article, if employers want to challenge federal citations for workplace safety violations, they must demonstrate...
Green construction is growing, as companies strive to create more sustainable, energy-efficient, resilient buildings. As this article outlines, however, sustainable construction projects use new technologies, materials, and construction methods that create unforeseen...
Suppose your client’s construction company hired subcontractors to help renovate a multimillion-dollar home. During the renovation process, the arborist your client hired cut down a tree that fell the wrong way, causing extensive damage to the house. The homeowner...
The construction industry is facing their share of challenges lately. COVID-19-related shutdowns are causing ongoing product shortages. Supply chain disruptions are making it difficult to secure materials and leading to project delays. Soaring inflation is causing...
For businesses that utilize subcontractors, Contractor General Liability (CGL) insurance is an absolute necessity. If a subcontractor hired by your client’s business causes damage, your client’s business can be on the hook for financial compensation to the injured...
From EPLI to Cyber, partnering with an expert professional lines broker makes the rough road much smoother. We live in a world where risks evolve rapidly, especially for businesses. Jencap’s specialized brokers share the six biggest challenges facing the Professional Lines industry today.
CASE STUDIES | Q1 2023 | 7 MINUTES
WHITE PAPER | Q3 2022 | 17 MINUTES
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