Construction Insights

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.

Mitigating Risks as Mass Timber Construction Expands

Mitigating Risks as Mass Timber Construction Expands

Mass timber construction, a revolutionary building method, is rapidly gaining traction. Experts expect its global market to grow to $4.9 billion by 2030. Innovative and visually appealing, it uses large, engineered panels of laminated wood as primary structural...

Jencap Experts’ 2024 Top Insurance Trends

Jencap Experts’ 2024 Top Insurance Trends

A new year marks a new beginning, with hope, anticipation, and curiosity for what the coming months may bring. And in a dynamic industry like insurance, you never know with absolute certainty what might be just beyond the horizon. Stepping into 2024, we asked Jencap’s...

Construction Innovations Impacting Builders’ Risk Exposures

Construction Innovations Impacting Builders’ Risk Exposures

In the construction industry, staying ahead of emerging trends is crucial for builders and insurers alike. Not only can advances in construction technology reshape the way we build, they can also influence builders’ risk insurance exposures.  According to a recent...

Infrastructure Investment and Jobs Act and Its Impact on Insurance

Infrastructure Investment and Jobs Act and Its Impact on Insurance

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...

The Benefits of Owner-Controlled Insurance Programs

The Benefits of Owner-Controlled Insurance Programs

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...

Construction Lending Roadblocks? Consider a Surety Bond Alternative

Construction Lending Roadblocks? Consider a Surety Bond Alternative

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...

2023 Construction Industry Trends and Challenges

2023 Construction Industry Trends and Challenges

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...

6 Ways Agents Can Add Value to Their Contractor Clients

6 Ways Agents Can Add Value to Their Contractor Clients

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...

Help Clients and Build Your Business During Economic Uncertainty

Help Clients and Build Your Business During Economic Uncertainty

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...

What Contractors Can Expect With Their Insurance in 2023

What Contractors Can Expect With Their Insurance in 2023

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...

TRENDS & WHITE PAPERS

Jencap Professional Lines Insurance

Navigating the New Frontiers
of Professional Lines Insurance

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

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