Category Archives: Construction

North American Insurance Buyers Facing Improved Market Conditions

Marketplace Realities: 2014

Property insurance rates are coming down, and the upward rate pressure on many other lines of business is easing. This is the word from Willis North America’s Marketplace Realities, the longstanding semiannual publication predicting price movement and key trends for … Continue reading →

Use Construction Administration to Reduce Claims and Disputes

Architects Drawing

As a broker exclusively dedicated to providing insurance and risk management solutions to design professionals, I can tell you that there are certain steps design firms can and should take to mitigate their exposures to costly claims and client disputes. … Continue reading →

Architects and Engineers: Getting Paid Without Getting Sued

Bricks, Bucks, and Blueprints

The only things that are certain in life are death, taxes and insurance claims.  About one out of five design firms are dragged into a claim every year and there simply are few professions that take on such a disproportionate … Continue reading →

3 Insurance Products Every Architecture or Engineering Firm Should Consider

3 Insurance Products Every Architect or Engineer Firm Should Consider

For my first blog post, I thought it a good idea to start with the basics. This month I presented to 100 architecture and engineering firms a review of all the insurance products every design firm should know and use … Continue reading →

Prevention is the Best Cure in the Brazilian Construction Market

Sao Paolo Construction

The building sector is currently experiencing a boom in Brazil thanks to large-scale infrastructure projects that are being generated by the FIFA World Cup 2014, PAC (Growth Acceleration Programme) and the 2016 Olympics. According to the Sebrae, a Brazilian agency … Continue reading →

Construction Project Insurance: Owner’s Professional Liability Exposures and Solutions

Michael Brodzinski has been following the new trend of owners seeking project insurance in his role of Willis' professional liability expert for contractors, owners, and design firms. In this post he discusses construction-related professional liability insurance. Continue reading →

Construction Pricing Increases Starting to Take Hold

I’ve asked our practice leader, Paul Becker, to come in and update you about the state of construction pricing today. ~ WillisWire construction blogger Tim McGinnis Both anecdotal and benchmarking data from clients and carriers are suggesting rates are firming … Continue reading →

Video: New Developments in Construction Insurance

Rick Hawkinberry, CEO of Willis Construction Practice North America, spoke on video at RIMS recently providing an overview of the construction industry and the construction insurance market. Continue reading →

U.S. Construction Turning Around; Lending and Insurance Follow

With U.S. construction beginning to turn around, we're starting to see innovative delivery systems many contractors may be unfamiliar with. Continue reading →