Insurance Archives - Page 2 of 4

Change Orders and Lien Rights: What You Don’t Document Could Cost You 0

By Patrick Hogan, handle.com Change orders are a reality on almost every job. But for subcontractors and suppliers, even a small change in scope can put payment and lien rights at risk if not properly documented. When timelines are tight and communication is informal, it’s easy to agree to a change over a call or

Supporting Responsible Growth for Contractors 0

By Jason Dettbarn, Merchants Bonding Company For contractors actively pursuing growth, one of the most important strategies they can employ is to assemble a team of trusted advisors, including a surety. A surety’s in-depth understanding of the opportunities and challenges facing contractors can be invaluable. Contractors should take the time to understand their growth goals,

Tame Tariff Turmoil – 6 Contract Clauses to Mitigate Risk 0

By Shoshana Rothman, Merchants Bonding Tariffs on construction materials mean contractors likely face increased costs and availability issues that could disrupt project budgets and timelines. A trusted surety partner can help tame the turmoil that tariffs can impose by providing expert guidance on contracts. Contracts are an important way to proactively safeguard clients’ projects; reviewing

7 Influences Redefining Property & Casualty Insurance 0
- Improving Productivity, Insurance
- March 25, 2025
By The Miller Group Over the past several years, the property and casualty insurance industry has faced a prolonged hard market due to rising claim frequency and severity, social inflation, evolving cyber risks, and catastrophic natural disasters. During this time, carriers responded by tightening underwriting standards, reducing capacity, and increasing premiums across most lines of
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Aiming To Be a Best-In-Class Contractor? Start By Looking at a Supplemental Application 0
- CONSTRUCTION, Insurance, Risk Management
- February 25, 2025
By William Burke, Risk Strategies Company An insurance supplemental application is dreaded by agents and contractors alike. Most people involved with commercial insurance placements have completed a “supp app” as many call them. They are long, confusing, required and therefore synonymous with ‘punishment’. But for contractors wise enough to take a step back, they offer
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Survival Strategies for Small Subcontractors in a Big-Project World 0
- Best Practices, Insurance, Risk Management
- February 25, 2025
By Patrick Hogan, handle.com Small subcontractors face a unique challenge in large commercial construction projects—big opportunities come with big risks. Long payment cycles, retainage withholding, and contract terms designed to protect general contractors and developers can make cash flow unpredictable. Without a solid strategy for managing payments, small businesses can quickly find themselves struggling to
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