Four Steps to Clarity in Construction Insurance

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You know it better than most: if you’re in the business of construction, you’re also in the business of managing risk. Fortunately, insurance exists to help protect your business and provide you with peace of mind if one or more of your risks turns into a claim.

Your insurance isn’t a one-time transaction, though. In most cases, you’ll need to renew your insurance every year — but you shouldn’t click the submit button before reassessing your needs. Your business changes year to year, and so should your policy when it does. If it doesn’t, you could underinsure your business and face considerable out-of-pocket expenses.

To help you stay better protected, we’ve gathered several factors to discuss with your insurer ahead of your next renewal.