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In construction, there are a variety of insurance policies that contractors and design professionals need to consider. One of the most important is professional liability insurance, which is designed...

Each year, during the third week of September, we celebrate Construction Appreciation Week—a time to honor the hardworking men and women who turn dreams into reality by building the infrastructure...

The construction industry continues to face material price increases, supply chain interruptions and delays, and labor shortages that affect scheduling and profitability and cause job-site delays –...

Surety bonding is a crucial aspect of many industries, from construction to finance. But what exactly is surety bonding, and why is it so important? This article will explore the basics of surety...

Throughout history, all enduring progress in our world began with a vision, was refined by a concept, and was created based on a solid foundation, teamwork, and a plan to grow and prosper. Along the...

Construction is a trillion-dollar industry, but construction can’t happen without subcontractors. With specialized skills, such as plumbing, electrical work, carpentry, and roofing, subcontractors...

A Controlled Insurance Program (CIP) is commonly known as a “wrap-up” insurance program and can take the form of an OCIP (owner sponsored) or CCIP (contactor sponsored). Traditional OCIP’s & CCIP’s...

Surety bonds offer compelling advantages as a type of security against contract default when compared to guarantees offered by banks. The demand for surety bonds as a financial instrument as opposed...

The price of surety bonds can vary greatly, and many people are unclear of why this is. When determining premium, surety companies are looking to determine the amount of risk there is with an...