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Articles tagged with coverage

Featured image for Builders Face 85% Insurance Premium Jump in 2025
Budgeting & Financing

Builders Face 85% Insurance Premium Jump in 2025

Construction professionals encounter insurance premiums potentially increasing by 85% in 2025 due to heightened claims from extreme weather, escalating material prices, and operational hazards. Industry leaders adapt by revising budgets, enhancing safety protocols, and pursuing cost-effective group insurance options. This trend fosters advanced risk management practices and drives innovation across the sector.

4 min read
insurancecoverageconstruction
Featured image for Why Construction Insurance Jumped 85% This Year
Budgeting & Financing

Why Construction Insurance Jumped 85% This Year

Construction insurance premiums rose 85 percent in 2025 due to escalating material costs, frequent defect claims, rigorous regulations, and rising litigation. Builders encounter stringent underwriting and intricate policies, yet effective risk management, thorough documentation, employee training, and collaborations with local partners can curb expenses and foster stronger insurer relationships in this challenging market.

3 min read
insurancecoverage